Can Your Business Survive an EDD Audit?

Categories: California Tax Law

Surviving an EDD audit.

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...

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Can the IRS Audit an International Business

Categories: IRS

Can the IRS Audit an International Business We live in a global society and in today’s economy, businesses are increasingly expanding their operations beyond domestic borders. This offers fantastic opportunities to companies. But it also means there are legal and tax issues that business owners may face. As a San Francisco tax attorney, one question...

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How to Handle Lost Documents in an IRS Audit

Categories: IRS

How to Handle Lost Documents in an IRS Audit Facing an IRS audit can be scary. I always advise clients to first, do not panic if you receive a notice of audit. Second, start compiling all the necessary records to prepare, such as financial statements to prepare your audit response. That being said, some San...

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I Got Hit with an IRS Audit. What Should I Do?

Categories: IRS

An auditor ready to help

I Got Hit with an IRS Audit. What Should I Do? Have you received a notice from the Internal Revenue Service (IRS) stating that you’re being audited? You’re not alone. Many California taxpayers go through the IRS audit process at some point. The first thing to understand is how the IRS selects individuals or businesses...

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Did You Receive One of 20,000 Disallowance Letters from the IRS?

Categories: IRS

Did You Receive One of 20,000 Disallowance Letters from the IRS? In a recent blog post, I informed business owners that the IRS announced how businesses can withdraw their Employee Retention Credit (ERC) claims. The ERC has been at the center of growing concerns about aggressive marketing tactics and potential scams surrounding the ERC claims....

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Just the Facts: 5 Common EDD Misconceptions

Categories: California Tax Law

Just the Facts: 5 Common EDD Misconceptions The California Employment Development Department (EDD) conducts California state payroll tax audits (commonly referred to as an EDD audit) when a business has classified a worker as an independent contractor instead of an employee. This means the EDD can personally assess the San Francisco business owner for “unpaid”...

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IRS Offers Voluntary Classification Settlement Program to Employers

Categories: IRS

IRS Offers Voluntary Classification Settlement Program to Employers Being a business owner is much more than simply making sure your business run. It also includes hiring employees, making sure they’re classified correctly and paying payroll taxes. Occasionally, a business may classify its workers as independent contractors when they should have been designated as employees. The...

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