Should I Make Estimated Tax Payments?

Categories: IRS

Making estimated tax payments.

One question I hear often is whether a taxpayer needs to pay the Internal Revenue Service (IRS) estimated tax payments throughout the year. Estimated tax payments—also known as quarterly tax payments—are typically made for the current tax year by individuals, including sole proprietors, partners and businesses that do not have their taxes withheld in paychecks....

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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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What is an EDD Audit?

Categories: California Tax Law

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 a pre-audit questionnaire and an inquiry of records notice. Now these notices, I’ll...

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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 is the EDD Pre-Audit Questionnaire?

Categories: California Tax Law

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 EDD. About a month later, depending on scheduling, you’ll be contacted by the auditor...

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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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