Is VPDI Deductible on Schedule A of a Tax Return?

Categories: California Tax Law

Tax return caclculation

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 the VDPI is and whether it’s considered deductible on Schedule A for your tax…

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How is Coronavirus (COVID-19) Effecting Your Taxes?

Categories: California Tax Law

Covid-19 news graphic

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 the changes for 2019 tax season….

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What is the Statute of Limitations for an EDD Audit?

Categories: California Tax Law

Notes for EDD audit.

What is the Statute of Limitations for an EDD Audit? Many California business owners have been faced with a new challenge over the last year, and that is the EDD audit. This type of audit occurs when the California Employment Development Department (EDD) launches an investigation into a business’ California state payroll tax records to…

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Independent Contractors vs. Employees: What California’s New Law Means for Your Business

Categories: California Tax Law

California road scenery.

Independent Contractors vs. Employees: What California’s New Law Means for Your Business California’s new law, Assembly Bill (AB) 5, went into effect on January 1 of this year, and it’s already raised several questions for both companies and independent contractors about what it means for their future business dealings. AB5, also known as the “The…

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What is an EDD Benefit Audit?

Categories: California Tax Law

Business materials

What is an EDD Benefit Audit? If you’re a business based in California, 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 tax audits of companies and businesses. In addition, the EDD conducts what’s called Unemployment Insurance (UI) benefit…

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Can the Voluntary Classification Settlement Program Help Me Avoid an IRS Audit?

Categories: California Tax Law

lawyer with strategies

Can the Voluntary Classification Settlement Program Help Me Avoid an IRS Audit? 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…

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Are EDD Audits Random?

Categories: California Tax Law

Calculation fo an EDD audit.

Are EDD Audits Random? I receive many questions from taxpayers and businesses facing audits by the California Employment Development Department (EDD). One of the questions I hear a lot is whether these audits are random, and what a business can do to prevent facing this process. Let’s look at what an EDD audit is, and whether…

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How do I Handle an FTB Audit and Protest?

Categories: California Tax Law

CA flag

How do I Handle an FTB Audit and Protest? If you’re a California resident or taxpayer, you’ve likely owed money to the Franchise Tax Board (FTB) at some point in your life. The job of the FTB is to administer the California Revenue and Taxation Code. Essentially, the FTB collects the tax money you owe…

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California Payroll and Tax Requirements for Businesses

Categories: California Tax Law

Payroll in California.

California Payroll and Tax Requirements for Businesses If you’re a business in California, be prepared to comply with state payroll and tax requirements. Businesses with one or more employees need to follow specific guidelines set forth by the Employment Development Department (EDD) to assure they’re complying with requirements such as paid sick leave and taxes….

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What is SDI?

Categories: California Tax Law

Calculation for an SDI.

What is SDI? If you’re a business owner in the state of California, there are several taxes and regulations that need your attention. It’s critical that you pay attention to the rules and comply with the taxing agencies, or you may end up owing the state money down the road. As a tax attorney that…

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