California has three different taxing agencies: California Department of Tax and Fee Administration (CDTFA), the Employment Development Department (EDD) and the Franchise Tax Board (FTB). If you are a San Francisco business owner in California, you must understand each agency and what taxes you need to provide to all of them. Occasionally, a San Francisco […]
Read More + Facing an Employment Development Department (EDD) audit can be a nerve-wracking experience for both the taxpayer and San Francisco business owner. The audit process involves a thorough look of your financial records, tax payments and employee records. So when the EDD audit is complete and you’ve successfully won your argument, it can feel like a […]
Read More + Being a California business owner comes with its share of challenges. One of the last things any business owner or entrepreneur wants to deal with is an audit from the Employment Development Department (EDD). That being said, if you’re a California business owner and taxpayer — and if you’ve ever hired an independent contractor — […]
Read More + There is very little that causes more fear for a business owner than the thought of an IRS tax audit. That being said, generally, most small business owners will face an audit at some point or another. And an audit is not as scary as it seems, especially if you work with a San Francisco […]
Read More + Digital marketing agencies are just one of the many businesses facing the prospect of an EDD audits. If you’re a San Francisco internet marketing company and you’ve ever hired an independent contractor, you may want to familiarize your practice with the EDD audit. These California Employment Development Department (EDD) state payroll audits occur when a […]
Read More + When San Francisco business owners and taxpayers learn they’re facing an EDD audit, one of the first questions they ask me is about the questionnaire. Specifically, they ask how to fill out an EDD audit questionnaire. An EDD audit occurs when the California Employment Development Department (EDD) launches an investigation into a business’ state payroll […]
Read More + Sometimes, in life, relationships just do not work out. That is true for marriages and domestic partnerships, as well as business partnerships. Like all relationships that come to an end, it’s important to follow all the proper legal procedures to dissolve the partnership. This is especially true when it comes to tax implications of terminating […]
Read More + If you’re a California business owner, you may find yourself facing an EDD audit at some point. If you’re not familiar with the term, an EDD audit occurs when the California Employment Development Department (EDD) launches an investigation into a business’ state payroll tax records. Generally, the EDD is trying to determine if the business […]
Read More + Nobody wants to face an IRS audit. But the prospect of an audit is a reality when owning a business. 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. You will likely need financial statements to prepare your audit […]
Read More + Whether it’s state or federal, receiving a notice that you are being audited is enough to send anyone into a panic. An audit is always serious and should be dealt with head on; however, it does not need to disrupt your entire life or business. Most people think of the IRS when they hear the […]
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