Are You Taking Payroll Tax Seriously?

Categories: Payroll Tax

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 to the government. Sometimes business owners are struggling and the funds that they have…

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Can Your Business Survive an EDD Audit?

Categories: California Tax Law

Surviving an EDD audit.

If you’re a business owner in California, you may have heard the term EDD audit or even received a notice that your business is on the receiving end of an audit. While an EDD audit is stressful, your business can survive the process, and you can also take steps to avoid one in the future….

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5 Red Flags That May Trigger an IRS Audit

Categories: IRS

A red flag with a clear blu sky at the back.

Red Flags That May Trigger an IRS Audit The word “audit” is sure to strike fear in most individual taxpayers and business owners. After all, nobody wants to receive a letter from the Internal Revenue Service (IRS) stating their tax returns and financial matters are being investigated. While you can’t predict exactly when the IRS…

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What are the California EDD and CDTFA Departments?

Categories: California Tax Law

In the state of California, we have a sales tax department and a payroll tax department, thee EDD and the CDTFA. These agencies are so important to explain to business owners, how serious these audits can be. If you end up owing either one of these agencies money, whether for payroll taxes — whether you…

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Am I Eligible for Coronavirus Tax Relief?

Categories: Federal Tax

A pile over paper bills.

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…

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Is VPDI Deductible on Schedule A of a Tax Return?

Categories: California Tax Law

Tax return caclculation

Voluntary Plan for Disability Insurance (VDPI) When it comes to California tax returns, there are a lot of questions about what expenses are deductible and what are not. One area that is often asked about is the Voluntary Plan for Disability Insurance (VDPI). Let’s look at what the VDPI is and whether it’s considered deductible…

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How is Coronavirus (COVID-19) Effecting Your Taxes?

Categories: California Tax Law

Covid-19 news graphic

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…

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I Owe the IRS Money. How Will They Collect It?

Categories: IRS

IRS form shown by a woman

How IRS Will Collect Owed Money Not much invokes fear like filing your taxes and realizing you owe the Internal Revenue Services (IRS) money. While the amount you owe can sometimes feel overwhelming, it’s important you at least make an attempt to pay it. If not, the IRS Collections will get involved and attempt to…

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The Four Types of IRS Audits

Categories: IRS

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 from the IRS and you’re going to respond to that letter. It’s generally for one…

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