Free Consultation: 858.450.1040 Payment | Client Login

MENUMENU
  • EDD
  • IRS
    • IRS Notices – What They Mean
  • About Us
    • MEET THE TEAM
    • PRACTICE AREAS
    • CONTACT US
  • TAX LAW & EDD RESOURCES
    • SMALL BUSINESS OWNERS TAX LAW GUIDE
    • EDD & IRS AUDITS
    • CRIMINAL TAX
    • SAN DIEGO TAX ATTORNEY
    • Orange County Tax Attorney Services
    • TAX BALANCE
    • INNOCENT SPOUSE RELIEF
    • OTHER TAX LAW MATTERS
    • SALES TAX AUDITS
    • UNFILED TAX RETURNS
    • OFFERS IN COMPROMISE
    • CALIFORNIA INCOME TAXES
    • INTERNATIONAL TAX
    • TAX COLLECTIONS
    • CORPORATE | BUSINESS TAX
    • PAYROLL TAX AUDITS
    • TAX LEIN
    • FAQs
  • SBA Loan Resources
    • PPP FORGIVENESS DENIAL APPEAL
    • SBA Criminal Defense
    • FAQs
  • RESOURCES
    • Blog
    • VIDEO LIBRARY
Home > Archives for small business management

Six Triggers of an IRS Audit

March 18, 2021

Red Flags and Risk Factors

An audit is, in itself, not a bad thing.  we have come to equate audit with accusation or wrongdoing but an IRS audit is simply a review of the records.  Int his spirit, there is no reason to fear IRS audit. In reality, the IRS audit process is triggered by… [Read more]

Filed Under: Blog, IRS, News Tagged With: Audit, Audits, Business Owners, Contractors, IRS Audit, small business management, Tax Attorney, Tax audit, Tax Returns

Applying to SBA’s Paycheck Protection Program

May 29, 2020

SBA loan underlined words and marker.

On March 27th, 2020, Congress passed the CARES ACT, which included provisions that allowed banks to lend up to $349 billion in the Paycheck Protection Program set up by the Small Business Administration.  The rules have changed several times and are likely to change again.  For the time being, businesses… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Business Owners, Coronavirus, COVID-19, Paycheck Protection Program, SBA PPP, Small business, small business management, Tax Attorney

SBA PPP Loans: What You Need to Know

May 6, 2020

SBA PPP Assistance

With the recent refunding of the SBA Paycheck Protection Program, there are a few details that you should know before you decide to apply. If you take out an SBA PPP Loan, you are required to spend 75% of that loan on the payroll. Any additional unused funds will be… [Read more]

Filed Under: Blog, COVID-19, News, PPP Loans Tagged With: Business Owners, California Taxes, Coronavirus, COVID-19, SBA PPP, Small business, small business management

Outdated IRS Systems Reach Tipping Point

May 5, 2020

What To Do If You Couldn't Pay Your Business Tax On Time

During prior government closures, the IRS still was able to have essential workers be in federal buildings to process tax returns, sort mail, and process payments. The recent coronavirus pandemic blew that scenario out of the water due to health concerns, spread rate, and social distancing. 90% of US taxpayers… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Business Owners, Coronavirus, COVID-19, Paycheck Protection Program, SBA PPP, Small business, small business management, Tax Attorney

SURGE IN UNEMPLOYMENT MAY LEAD TO EDD AUDITS

May 5, 2020

EDD tweet

The California Employment Development Department (EDD) has been overwhelmed with claims for unemployment insurance, as the numbers of Californians applying for the benefit increases every day. The receipt of unemployment insurance benefit is a right of California employees and those workers that are classified as independent contractors do not enjoy… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Business Owners, Coronavirus, COVID-19, Paycheck Protection Program, SBA PPP, Small business, small business management, Tax Attorney

Fed to audit all SBA PPP loans over $2m

May 1, 2020

man ready to go into courtroom

Despite pressure, publicly held companies in business sectors from hotels to cruise ships are refusing to give back SBA PPP funds.  The SBA has  said that public companies with “substantial market value” and the ability to raise money through capital markets were not the intended recipients of the Small Business… [Read more]

Filed Under: Blog, COVID-19, News, PPP Loans Tagged With: Business Owners, Coronavirus, COVID-19, Paycheck Protection Program, SBA PPP, Small business, small business management, Tax Attorney

1099s and SBA PPP (VIDEO)

May 1, 2020

Tax Time

It’s safe to say that everyone has been impacted by the COVID-19 pandemic, but small businesses have been hit especially hard by consequential long-term closures and plummeting sales. While it’s important to be creative when cutting costs in times like these, it’s equally pertinent to keep your business aligned with… [Read more]

Filed Under: Blog, COVID-19, News, PPP Loans Tagged With: Business Owners, Coronavirus, COVID-19, Paycheck Protection Program, SBA PPP, Small business, small business management, Tax Attorney

CA EDD and Workshare Audit Risk

May 1, 2020

John Milikowsky

Long-term closures caused by COVID-19 have led many companies to make massive cuts, mostly by furloughing or laying off their employees. However, qualified companies have the option to enroll in the EDD Workshare Program, which allows a business to pay full salaries to its workers who have had to reduce… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Business Owners, Coronavirus, COVID-19, Paycheck Protection Program, SBA PPP, Small business, small business management, Tax Attorney

Tips for Productive Remote Work

April 22, 2020

remote work side job

As the Coronavirus pandemic has continued to unfold, businesses have had to adjust to situations that they are not used to. Larger companies have the luxury of relying on existing infrastructure and policies that allow for a smooth transition to work-from-home situations. However, it is rare to find a small… [Read more]

Filed Under: Blog, COVID-19, News Tagged With: Business Owners, Coronavirus, COVID-19, Small business, small business management

What CPAs need to know about CARES

April 22, 2020

CPAs and MSELF

For CPAs, one of the most important parts of the CARES loan package which has brought $2.3 trillion in loans to households, businesses, and state and local governments is the Main Street Lending Program, which provides for up to $600 billion in loans to small and midsize businesses. The Fed… [Read more]

Filed Under: Blog, COVID-19, CPA, News Tagged With: Business Owners, Coronavirus, COVID-19, CPA, CPAs, payroll, Small business, small business management

  • 1
  • 2
  • 3
  • Next Page »

Search

Categories

Questions About
Tax Audit/Controversies?

A representative will be in contact within 1 business day
PRIVACY POLICY

Get Monthly Updates on Important Tax Law Matters



Milikowsky Tax Law is located at: 4250 Executive Square, Ste. 650, La Jolla, CA 92037
o. (858) 450-1040 | m. (858) 212-0542 |
Privacy Policy

DISCLAIMER:
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

Milikowsky Tax Law © All Rights Reserved. Clear1099.com | Cal1099.com | California1099.com © All Rights Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT