California residents and business owners in the state who are audited by IRS have a responsibility to report their IRS audit findings to the California Franchise Tax Board. While IRS will send the results of your audit to the state agency, it is in your best interest to self-report… [Read more]
What Every Business Owner Needs to Know
Starting a business rarely begins with a strategic checklist of all of the resources necessary to run and scale successfully. Rather, many, if not most businesses start because the founder has a passion or skill that is exceptional and in-demand and they grow from there. Because of this, many business… [Read more]
Vince B. EDD Audit Case Study
We are grateful to our client, Vince B., for sharing his story of how we were able to help him weather an EDD audit. This audit could have closed his business and had far-reaching repercussions for his personal finances as well as business finances. In 2020, Vince was hit with… [Read more]
The Difference Between EDD and CSLB Audits
Employment Development Department (EDD) and California Contractors State License Board (CSLB) audits both expose your business to fines and penalties if the agency finds you noncompliant with the strict regulations and policies they have in place for classifying 1099 independent contractors. Both CSLB and EDD perform site sweeps that can… [Read more]
Recent Construction Site Sweeps Explained
General contractors who hire unlicensed workers and unlicensed subcontractors put themselves at risk for potential criminal action by the local District Attorney (DA) and they risk receiving a stop work order from California Contractor State Licensing Board (CSLB) if and when that agency performs a site sweep. A site… [Read more]