While U.S. business taxation rates seem to be the largest for developed countries, these rates are often masked by the numerous tax benefits and write-offs allowed to U.S. business entities. Even though savvy business owners can effectively lighten their tax burden by deducting many business expenses, the government knows that… [Read more]

One of the most common misconceptions business owners have about their tax returns is that their liability ends once they hand their financial information to their CPA or tax preparer. This could not be further from the truth. Each year business owners everywhere make a mistake in assuming their hastily… [Read more]

As the deadline to file your W-2s for employees approaches at the end of January 2017, many business owners have probably found themselves wondering whether or not certain workers should be labeled as employees or independent contractors. With these uncertainties come many myths about the rules of classifying workers as… [Read more]

Have you stopped to ask yourself if you are filing the wrong tax form for your employees? Form W-2’s for each employee are due on January 31, 2017. However, a common mistake made by business owners is classifying a worker as an independent contractor when the duties performed by that… [Read more]

Most business owners and entrepreneurs don’t like thinking about taxes. Deductibles and audits would be stressful for anyone, especially an individual with a company on the line. Our San Diego tax attorney at Milikowsky Tax Law offers tax return reviews for small business owners to help ensure they are getting… [Read more]

If you are being audited by the IRS or are facing tax issues, you may need help handling the legalities of your situation. At Milikowsky Tax Law, our San Diego tax attorneys believe in using personalized strategies to find solutions for each of our clients. Our legal team has assisted… [Read more]

This is perhaps one of the most frequently asked questions we hear. For most people, it is easy to think that they can handle their tax law issues on their own—especially when the person who contacted them from the IRS seems friendly. However, it is important to not be tricked… [Read more]

On December 4, 2015, President Obama signed into law the Fixing America’s Surface Transportation Act (“FAST”), which requires the IRS to submit the names of individuals who owe taxes to the Secretary of State to revoke, cancel, or limit travel. The law prohibits the Secretary of State from issuing a… [Read more]

Attorneys and CPAs go through extensive education and state licensing requirements. Both attorneys and CPAs study the tax code (Internal Revenue Code). CPAs are licensed and regulated by their state boards of accountancy and provide many valuable services such as preparing returns, tax planning, business consultation, financial analysis, and bookkeeping…. [Read more]