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Providing actionable insights and valuable information to help you navigate the complexity of tax law for your business.

IRS ERC Crackdown: 9 Red Flags Business Owners Must Review

The IRS is intensifying audits of Employer Retention Credit (ERC) claims. With over a million ERC applications received, totaling $86 billion in credits, the IRS is carefully scrutinizing each claim. Here are nine red flags that could trigger…
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Your Guide to California and Federal Tax Evasion Penalties

The law imposes significant tax evasion penalties to deter activities that could lead to a conviction for evasion or fraud. In addition to financial penalties, a tax fraud conviction can result in several years of jail time, depriving you of…
EDD Employee Misclassification Audit
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How to Prepare for an EDD Misclassification Audit

As a business owner the best way to prepare for, or avoid entirely, an audit from the Employment Development Department (EDD), is to make sure that you’re correctly classifying your employees. Whether your employees W-2 or 1099 employees or…
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Can SBA Audit a PPP Loan That is Already Forgiven?

Recently, businesses have experienced an increase in inquiries from the Small Business Administration (SBA) regarding the forgiveness of Paycheck Protection Program (PPP) loans that were previously forgiven. This raises a critical question:…
IRS Audit scrutiny a check mark to indicate audit
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5 Red Flags That Can Trigger an IRS Audit in 2024 [VIDEO]

As we move into 2024, the IRS continues to refine its focus during audits. Following are five areas of scrutiny that could trigger an IRS audit. Addressing these can help business owners safeguard against unwanted IRS attention. 1. Inaccurate…
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Secrets to the EDD Audit

Facing an EDD audit can be a nerve-wracking experience for any business owner. With potential assessments and disputes looming, it's crucial to approach the process with preparation and strategic insight.  John Milikowsky,  CEO…
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5 Tips for CPAs to Minimize Audit Risk for Their Clients

If you are a CPA, here are 5 things to help your client reduce the risk of an EDD, IRS, or SBA audit: If you are a CPA, here are 5 things to help your client reduce the risk of an EDD, IRS, or SBA audit: 1: Confirm that your client’s…

Safeguarding Your Finances: Why You Need a Criminal Tax Defense Attorney in San Diego

Dealing with criminal tax charges can put your financial well-being at risk, making it crucial to seek the expertise of a skilled criminal tax defense attorney. In San Diego, having a knowledgeable legal advocate by your side can make all the…
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What Should You Pay for a Tax Attorney?

How much should you pay for a tax attorney? It depends on the issue you’re facing. If you’re a business owner, you can expect to pay a little bit more because these cases tend to have more complicated issues. Sometimes, cases can cost $2,000 to $3,000, but it depends on the complexity of the case itself.
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The CPA’s Guide to Helping a Client with an SBA PPP Loan Forgiveness Denial

When the COVID-19 pandemic wreaked havoc on small businesses, the U.S. government stepped in to offer some relief in the form of SBA PPP (Paycheck Protection Program) loans. Those loans were designed to help businesses keep their doors open…
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Don’t Be Duped Into Filing Unfounded ERC Claims (You Could Open Yourself Up to Criminal IRS Investigation)

As part of its annual Dirty Dozen campaign, the Internal Revenue Service (IRS) is warning businesses and individuals to steer clear of aggressive promoters offering questionable claims for the Employee Retention Credit (ERC).  These…
CPA vs Tax Attorney: What’s the difference?
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CPA vs Tax Attorney: What’s the Difference?

In some cases, it may be difficult to distinguish what your CPA is capable of helping you with and which tasks are better suited for a tax attorney. Both are experts when it comes to tax matters but in different ways.  While your CPA…