Why is it important to protect your company’s trade secrets? What are trade secrets and how can your business protect your processes and creative product? Whether one owns a small commercial laundry business or a multi-billion dollar entertainment company, any business owner should take steps to protect a company's intellectual...
Tax Audits Liens and Levies
We are often asked about tax audits liens and levies. When you are delinquent on your taxes, there are a number of severe penalties with which you can be hit. The three types of penalties that you have probably heard about are tax audits, tax liens and levies. We've talked...
Beware of California EDD Attempts to Reclassify 1099 Workers
You need to beware of California EDD attempts to reclassify 1099 workers as “employees” in San Diego. The EDD recently announced a new strategy to pursue audits to re-classify independent contractors as employees, thereby creating a payroll tax obligation for California businesses. Your exposure also extends to bast benefits and...
How Can We Help With an IRS Audit in San Diego
How can we help with an IRS audit in San Diego? Most people have heard about a tax audit, and everyone who knows about them is aware that they are quite a challenge. The Internal Revenue Service uses the audit to leverage some financial gain out of you, and worse...
The Executor’s Role in the Probate Process
What is the executor’s role in the probate process? To ensure proper estate planning and administration, one needs to understand the basics of the probate process. The probate process involves distributing a deceased person's estate. In plain English, probate is the legal term used to describe the re-titling of the...
Organizing Documents Could Make an Audit Easier
Organizing documents could make an audit easier. Throughout the nation the digital age has caused many people to reduce the amount of paper used. While this is certainly good for the environment, it may leave some individuals unsure of how to organize important papers. Regardless of how it is done,...
The IRS FTB and EDD are Targeting 1099 Worker Misclassification
If you are a San Diego employer with any 1099 workers take heed. The federal government including the US Department of Labor (DOL) and the IRS, as well as California's Employment Development Department (EDD) and Franchise Tax Board (FTB) are targeting 1099 worker misclassification for audit. There are many roads...
Payroll Audit Risk and Trust Fund Penalties
What do you need to know about payroll audit risk and trust fund penalties in San Diego? Many San Diego business owners find themselves in an Employment Development Department (EDD) or IRS payroll audit. The California EDD is authorized to conduct audits of business payroll taxes. The IRS also conducts...
The Two Types of Income Tax Audits in California
There are two types of income tax audits in California - those originated by the State of California, and those based upon another agency's audit such as the IRS. This second form of audit, often referred to as a "Piggy-Back Audit" is one of the most hazardous and unexpected challenges...