I receive so many panicked calls from individuals and San Francisco business owners who receive a notice of audit from the Internal Revenue Service (IRS). The reaction of fear is understandable, as nobody wants to deal with their tax records being scrutinized and possibly owing money to the IRS. However, it’s important to keep in […]
Read More + Receiving an audit notice from the Internal Revenue Service (IRS) can be a scary feeling. So many people see that letter and immediately start to panic. But rest assured, an audit is not something to fear, nor does it mean you’ll be facing heavy financial penalties. Here’s what you should do when your San Francisco […]
Read More + For some people, just hearing the word attorney strikes fear deep into their soul. This is especially true when it comes to taxes and dealing with the IRS. So many individuals think working with a lawyer is a costly and scary prospect. In fact, I’ve had so many people ask me if the government will […]
Read More + *The following article was updated in February 2022* One of the most common questions I receive is how can California business owners and taxpayers appeal an EDD audit assessment. It’s a great question and one that should be addressed with an experienced EDD appeal attorney near you. Before I share the steps you can take […]
Read More + Key Takeaways Bonuses = Supplemental Income — In California, bonuses are classified as supplemental wages and subject to special withholding rules rather than treated as ordinary wages. Flat State Rate Applies — A flat withholding rate of 10.23% applies to all bonuses in California, regardless of the employee’s regular income bracket. Two Federal Withholding Methods […]
Read More + *The following article was updated in February 2022* If you’re a business based in California — San Francisco, Los Angeles and San Diego — you’ve likely had dealings with the Employment Development Department (EDD). It is the responsibility of the EDD to collect payroll taxes, and it conducts payroll tax audits of companies and businesses. […]
Read More + *The following article was updated in February 2022* Learn how long you can stay in California without becoming a resident. California residency depends on your purpose and intent, not specific time limits. Understand the ‘temporary or transitory’ rule and tax obligations for non-residents. With its near-perfect weather and proximity to the Pacific Ocean, California is […]
Read More + *The following article was updated in February 2022* If you’re a California business owner and taxpayer, and if you’ve ever hired an independent contractor, then you should be familiar with an EDD audit. These California Employment Development Department (EDD) state payroll audits occur when a business has classified a worker as an independent contractor instead […]
Read More + *The following article was updated in February 2022* What To Do If the IRS is Auditing Me for Underreported Income Facing an IRS audit for underreported income? Learn what steps to take when receiving a CP2000 notice, how to prepare documentation, and why professional guidance is essential for California taxpayers. Tax season is officially upon […]
Read More + *The following article was updated in February 2022* When it comes to taxes in California, there’s generally a form for every withholding and business transaction. This is especially true for California businesses and employers. I’m often asked which tax forms need to be completed and which ones are required. Here’s a look at three of […]
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