Help, I’m Being Audited During a Pandemic!

Categories: IRS

Help, I’m Being Audited During a Pandemic! Receiving an audit notice from the IRS is scary. But receiving one in the midst of a global pandemic, and at a time when your business may already be feeling the effects of that, can be even more overwhelming. Here are five things to do if you find...

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Is Your Construction Company Facing an EDD Audit?

Categories: California Tax Law

Is Your Construction Company Facing an EDD Audit? Construction companies are just one of the many businesses facing the prospect of an EDD audits. If you’re a construction company and you’ve ever hired an independent contractor, you may want to familiarize your practice with the EDD audit. These California Employment Development Department (EDD) state payroll audits...

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Does California Tax Social Security?

Categories: California Tax Law

Social Security Card

Does California Tax Social Security? I often receive questions about social security benefits and whether it is considered taxable income, especially by the state of California. The answer is: it depends. Social security benefits are not taxable by the state of California. However, social security benefits may be taxable by the federal government. Let’s look...

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What are the Penalties for Late Payment of Payroll Taxes?

Categories: IRS

Calculating payroll taxes.

What are the Penalties for Late Payment of Payroll Taxes? I’m often asked by business owners what will happen if they are late paying payroll taxes to the Internal Revenue Service (IRS). Employers should be collecting payroll taxes for every employee (with the exception of independent contractors). They are typically calculated as a percentage of...

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Mayor Appoints Allison Soares to Balboa Park Committee

Categories: General Information

Balboa Park

Mayor Appoints Allison Soares to Balboa Park Committee San Diego Mayor Todd Gloria appointed Allison Soares to the City of San Diego’s Balboa Park Committee. The Committee serves in an advisory capacity to the Mayor, the City Council and City Manager on policy issues relating to the acquisition, development, maintenance and operation of Balboa Park....

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Is the IRS Keeping my Refund?

Categories: IRS

Refund of IRS.

Is the IRS Keeping my Refund? One of the best feelings is filing your taxes and realizing you’re entitled to a refund. The thought of money coming into your pockets is an exciting thing. However, there are a few circumstances in which the IRS may keep your refund, especially if you owe them money in...

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Do You Have to Pay Taxes on Profit from Selling a House?

Categories: IRS

Selling a house taxes payment.

Do You Have to Pay Taxes on Profit from Selling a House? I’m often asked by homeowners about potential taxes they may owe when they sell their house. Many individuals wonder if they make a profit, do they owe part of that profit to the Internal Revenue Service in the form of capital gains taxes....

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What Happens if I Receive an Inquiry of Record Notice?

Categories: California Tax Law

What Happens if I Receive an Inquiry of Record Notice? One of the most common audit calls I receive is from businesses who get an inquiry of record notice, or a pre-audit questionnaire. The EDD is going to audit you for three years. What they want to do is they’re looking for the independent contractors...

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