The Fresh Start Program, established by the IRS in 2011, is legitimate but often misunderstood. It did not introduce new options for taxpayers but aimed to expand and clarify existing ones. It’s not uncommon to struggle with paying your federal taxes. I hear from individuals who, through no fault of their own, just cannot pay […]
Read More + Receiving an EDD audit notice can be scary. 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 as an independent contractor instead of an employee. The EDD can personally assess the business owner […]
Read More + I’m often asked by business owners whether the IRS can audit a business once it’s closed or dissolved. Like with many tax law questions, the answer is: A business can be audited after it closes because audits, tax returns, and claims often occur after the business has dissolved. Therefore, it’s important to keep all records […]
Read More + Voluntary Plan for Disability Insurance (VDPI) Starting January 1, 2024, VP employers will pay a VPDI assessment rate of 0.00154, calculated as 14 percent of the 1.1 percent DI State Plan tax rate, applied to taxable wages. When it comes to California tax returns, there are a lot of questions about what expenses are deductible […]
Read More + Most people don’t want to pay California taxes. They end up contacting me because they are going to move to Florid, Texas or Nevada. I warn them to make sure they actually decided to relocate, move their family, move their house, move their driver’s license, move their car registration. If they’re actually moving and intend […]
Read More + Four Things to Do Now to Make Filing Taxes in 2025 a Simple Process It’s not quite the end of 2024 and tax season may seem like quite a way off. However, as a taxpayer and San Francisco business owner, there are things you can do now to prepare to file taxes in 2025. Taking […]
Read More + Taxpayers: Beware of Disaster Donation Scams Recent months have seen several natural disasters in the form of Hurricanes Helene and Milton that have devastated areas in the southern Appalachian Mountains and Florida. As if these disasters are not terrible enough, it’s become a common practice for scammers to set up fake charities to take advantage […]
Read More + *The following article was updated in February 2022* If you’re a business owner and taxpayer in California, you may have heard the term EDD audit recently. Or perhaps you’ve faced this tax audit first-hand. If you’re not familiar with the term, an EDD audit occurs when the California Employment Development Department (EDD) launches an investigation […]
Read More + Many San Francisco business owners have been faced with a new challenge over the last several years, and that is the EDD audit. This type of 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 […]
Read More + You’ve gone through the process of an EDD audit and now you owe EDD Money to the state of California due to and EDD overpayment? Like many San Francisco business owners and taxpayers, you may be wondering how to pay those penalties. The EDD works through the Central Collections Division to notify you as to […]
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