Do You Owe Taxes on Your PPP Loan?

September 28, 2022 IRS
If you are like many business owners, you may have received one or more Paycheck Protection Program (PPP) loans during COVID-19 pandemic. If you recall, the federal government authorized monetary help in the form of the $2 trillion CARES Act to help businesses in the form of loans that could be forgiven. If you received […]
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Is Bankruptcy an Option For Tax Debt?

September 14, 2022 IRS
I often receive questions about tax debt and whether it can be relieved through filing for bankruptcy. Many types of debt, such as credit cards and unsecured loans, can be discharged through filing either Chapter 7 or 11. When it comes to owing money to the Internal Revenue Service, the answer depends on several factors. […]
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How Often Do Small Businesses Get Audited?

September 2, 2022 IRS
I often receive phone calls from small business owners concerned they will be the target of an IRS audit. The prospect of an audit is scary. However, the reality is that only a small fraction of small businesses actually get audited. That being said, if you are among the percentage of small businesses facing an […]
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How Long Does an EDD Audit Take?

August 19, 2022 California Tax Law
If you’re a business owner in San Francisco and you’re not familiar with the EDD audit, you need to familiarize yourself with the concept. An EDD audit occurs when the California Employment Development Department (EDD) launches an investigation into a business’ California state payroll tax records to determine if the business has classified a worker […]
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Did Your Production Company Receive an EDD Audit Notice?

August 17, 2022 California Tax Law
If you run a production company and recently received a notice of audit from the California Employment Development Department (EDD), you’re not alone! I’ve received several inquiries from production companies facing an EDD audit. These state payroll audits occur when a business has classified a worker as an independent contractor instead of an employee. This […]
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Four Things NOT to Do When You’re Being Audited

May 11, 2022 IRS
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 […]
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How Do I Appeal an EDD Assessment?

February 12, 2022 California Tax Law
*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 […]
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