Have You Received an ERC Letter from the IRS? Learn More or Contact Us
Categories: California Tax Law
How Are Bonuses Taxed In California? There’s always something very exciting when you hear you’ll be receiving a bonus from your employer. However, that excitement can often lead to disappointment when you realize you not only have to pay taxes on the bonus, but oftentimes, it’s more tax than expected. In California, bonuses are taxed...
Categories: California Tax Law
What is an EDD Benefit Audit? *The following article was updated in February 2022* If you’re a business based in California — San Francisco, Los Angeles and San Diego — you’ve likely had dealings with the Employment Development Department (EDD). It is the responsibility of the EDD to collect payroll taxes, and it conducts payroll...
Categories: California Tax Law
What Should I Do if I Get Hit With an EDD Audit? *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...
Categories: California Tax Law
How Long Can You Stay in California Without Being a Resident? *The following article was updated in February 2022* With its near-perfect weather and proximity to the Pacific Ocean, California is one of the most desirable places to live in the United States. But with the promises of California gold also brings an expensive cost...
Categories: California Tax Law
Voluntary Plan for Disability Insurance (VDPI) *The following article was updated in February 2022* When it comes to California tax returns, there are a lot of questions about what expenses are deductible and what are not. One area that is often asked about is the Voluntary Plan for Disability Insurance (VDPI). Let’s look at what...
Categories: California Tax Law
What Triggers an EDD Audit? *The following article was updated in February 2022* If you’re a California business owner and taxpayer, and if you’ve ever hired an independent contractor, then you should be familiar with an EDD audit. These California Employment Development Department (EDD) state payroll audits occur when a business has classified a worker...
Categories: Federal Tax
Does Prize Money get Taxed? *The following article was updated in November 2023* A common question people have about taxes is whether prize money is considered taxable income. Tax rates on prize money, such as lottery winnings, vary significantly. Initially, the IRS automatically withholds 25% for federal taxes. Depending on your state of residence, additional...
Categories: Federal Tax
Help! What Do I Do If the IRS is Auditing Me for Underreported My Income? *The following article was updated in February 2022* Tax season is officially upon us! It’s this time of year that I often receive panicked questions from clients telling me they’re being audited by the Internal Revenue Service (IRS) because they...
Categories: California Tax Law
California Employment Tax Forms: What are the DE 9, DE 6, and DE 4 Forms? *The following article was updated in February 2022* When it comes to taxes in California, there’s generally a form for every withholding and business transaction. This is especially true for California businesses and employers. I’m often asked which tax forms...
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...
