Categories: Payroll Tax
Are You Taking Payroll Tax Seriously? 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...
Categories: California Tax Law
What is an EDD Audit? 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...
Categories: California Tax Law
Can Your Business Survive 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...
Categories: IRS
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...
Categories: California Tax Law
Unemployment and EDD Audit One of the effects of the Coronavirus (COVID-19) pandemic is that many people have lost their jobs due to business closures and decreased hours. As a result, these individuals will file for unemployment. And with unemployment claims, an increase of California state payroll tax audits (commonly referred to as an EDD...
Categories: California Tax Law
What is the EDD Pre-Audit Questionnaire? 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,...
Categories: California Tax Law
What are the California EDD and CDTFA Departments? 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...
Categories: Federal Tax
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...
Categories: California Tax Law
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...
Categories: IRS
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...
