If you’re a California taxpayer and business owner, chances are you’ve heard of the EDD audit. This occurs when the California Employment Development Department (EDD) launches an investigation into a business’ California state payroll tax records to determine if the business has classified a worker as an independent contractor instead of an employee. The EDD […]
Read More + It’s tax season and if you’re a San Francisco business owner, this time of year can be hectic as you compile your paperwork and prepare to file all the correct forms with the Internal Revenue Service (IRS). One of the forms that many business owners are confused about is Form 8300, Report of Cash Payments […]
Read More + 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 […]
Read More + Recently, I shared with you five misconceptions about the California Employment Development Department (EDD) and whether workers are considered employees. The EDD conducts California state payroll tax audits (commonly referred to as an EDD audit) when a San Francisco business has classified a worker as an independent contractor instead of an employee. This means the […]
Read More + If you’re a taxpayer and have ordered anything online – which is pretty much all of us – you need to be aware of changes in the sales tax law and how it affects you. In 2018, the United States Supreme Court ruled on a case called South Dakota vs. Wayfair regarding the collection of […]
Read More + 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. […]
Read More + 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 I’m often asked is whether the Internal […]
Read More + As young professionals, you bring a wealth of knowledge and skills to the table of any non-profit organization. Your expertise — whether in accounting, law or other fields — can be instrumental in guiding nonprofit and community organizations to achieve their missions more effectively. Years ago, a colleague of mine reached out and asked me […]
Read More + 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 Francisco business owners may find that some crucial documents […]
Read More + “I am working with an EDD agent, how was my bank account levied?” This is a very common question taxpayers have when they reach out for advice. California state employees are overworked and most of the time underpaid. EDD audits start when the EDD sends a letter that seems very vague and inconspicuous. When you […]
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