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Categories: California Tax Law
What Happens if You Receive an EDD Audit Notice? *The following article was updated in January 2025* Receiving an EDD audit notice can be a scary thing. The reason why you need to take it so seriously is because there’s a potential personal liability. When you go through an EDD audit, the EDD is generally...
Categories: California Tax Law
Help! I’m Being Audited by the California Department of Tax and Fee Administration *The following article was updated in January 2025* When it comes to tax audits, the IRS is not the only organization that can investigate you. The California Department of Tax and Fee Administration (CDTFA), formerly known as the State Board of Equalization...
Categories: Federal Trust Recovery Penalty
What is the Federal Trust Fund Recovery Penalty and Will You Be Hit With It? If you’re a business owner and you have not heard of the Federal Trust Recovery Penalty, you may want to start paying attention. If you are a responsible for withholding, accounting for, depositing or paying specified taxes including employment taxes...
Categories: Payroll Tax
Are You Taking Payroll Tax Seriously? *The following article was updated in January 2025* I get so excited about payroll taxes because most business owners don’t understand how serious it is. If you have an employee working for you, and you are withholding their payroll taxes, you have a duty to pay that money over...
Categories: California Tax Law
What is an EDD Audit? *The following article was updated in January 2025* Businesses that go through EDD audits sometimes don’t understand the process. Where am I? What are my rights? What can I do if I don’t agree with the bill? A quick overview of the EDD processes is you generally start by receiving...
Categories: California Tax Law
What is the EDD Pre-Audit Questionnaire? *The following article was updated in March 2024* When a business goes through an EDD audit, it generally starts with a pre-audit questionnaire. You receive an inquiry of records notice and attach to it as this pre-audit questionnaire. You will complete this documentation and send it back to the...
Categories: Federal Tax
Eligibility for Coronavirus Tax Relief Coronavirus (COVID-19) is affecting every person, from the economy, to business, health and social practices. Tax season is also affected with filing and payment deadlines being delayed federally and in many states. The federal government has authorized monetary help in the form of the $2 trillion Coronavirus Aid, Relief, and...
Categories: California Tax Law
Coronavirus (COVID-19): How It Affects Taxes Everyone is affected by the Coronavirus (COVID-19) pandemic in this very uncertain time. From social distancing to quarantined living, our daily lives have changed for the foreseeable future. Tax season is also affected with filing and payment deadlines being delayed federally and in many states. Here’s a look at...
Categories: IRS
The Four Types of IRS Audits *The following article was updated in March 2024* IRS audits can be a scary thing for some business owners. There are generally four different types of IRS audits: correspondence audits, office audits, field audits, and program audits. An IRS correspondence audit is exactly that; you receive a letter...
Categories: California Tax Law
Independent Contractors vs. Employees: What California’s New Law Means for Your Business *The following article was updated in March 2024* California’s new law, Assembly Bill (AB) 5, went into effect on January 1 of this year, and it’s already raised several questions for both companies and independent contractors about what it means for their future...
