If you’re a business owner in California, you should be familiar with the CDTFA. The California Department of Tax and Fee Administration (CDTFA) is responsible for administering sales and use taxes, among other taxes and fees, which are vital to the state’s economy. The CDTFA focuses on sales tax audits to verify that businesses are […]
Read More + Did you know the Internal Revenue Services (IRS) has an actual Whistleblower Office? That’s right, the official Whistleblower Office is dedicated to acknowledging the important role whistleblowers play in supporting the country’s tax administration. Since it handed out its first award in 2007 to 2024, the Whistleblower Office has paid over $1.2 billion in awards […]
Read More + There are few things that create more stress than owing the Internal Revenue Services (IRS) money. Unfortunately for many taxpayers, owing money on taxes is a reality of life. But what happens when you owe the IRS money, but don’t have the full amount to make the payment by April 15? While it’s always best […]
Read More + Many successful business owners, attorneys, doctors, accountants have called me and said “money has just been taken from my business account and I don’t know what’s going on.” This is one of the biggest issues business owners and taxpayers have when confronted by a tax agency. Sometimes it is difficult for them to determine who […]
Read More + Did you know that as a business owner, you can be held personally liable for payroll taxes of workers you consider to be independent contractors? That’s right! If you’re a San Francisco business owner and you’ve ever hired an independent contractor, you may want to familiarize your practice with the EDD audit. These California Employment […]
Read More + Complete guide to California payroll and tax requirements for businesses. Learn about EDD registration, four essential state payroll taxes, filing deadlines, and employee payment compliance rules. If you’re a business in California, be prepared to comply with state payroll and tax requirements. Businesses with one or more employees need to follow specific guidelines set forth […]
Read More + If you’re a California resident or taxpayer, you’ve likely owed money to the Franchise Tax Board (FTB) at some point in your life. The job of the FTB is to administer the California Revenue and Taxation Code. Essentially, the FTB collects the tax money you owe to the state of California. The FTB also conducts […]
Read More + When the words “IRS auditor” are mentioned, so many people conjure up an image of an individual sitting amongst stacks of paperwork with intense scrutiny and big red AUDIT stamps. While audits can be nerve-wracking, understanding the role of an IRS auditor can help put your mind at ease about the process and provide clarity […]
Read More + During the years of the COVID-19 pandemic, the government tried to incentivize businesses to continue paying their employees by providing the Employee Retention Credit (ERC). This was part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC was a refundable tax credit and offered to eligible businesses that continued paying their employees […]
Read More + 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 will decide it wants to audit you, there […]
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