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

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…
SBA PPP LOAN DEFAULT: HOW TO RESOLVE COLLECTIONS BY THE US TREASURY
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SBA PPP Loan Default: How to resolve collections by the US Treasury [VIDEO]

The SBA Paycheck Protection Program (PPP) offered a financial lifeline during uncertain times. However, as we shift from application to forgiveness, some business owners are facing challenges with non-forgiven loans and ensuing collections.…
Can SBA Audit a PPP Loan That is Already Forgiven? A worried business owners sees an audit notice on her laptop.
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Can SBA Audit a PPP Loan That is Already Forgiven? [VIDEO]

In an unexpected turn of events, some businesses are receiving notifications to provide additional documentation for PPP loans that were already forgiven. This development brings to light the importance of being diligent and prepared, even…
2024 IRS Audits what to Expect - a business man looking out a plate glass window.
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2024 Tax Audits: What to Expect

As we near the end of 2023, business owners are eager to know what to expect for IRS tax audits for 2024 with questions such as: What areas will the IRS focus on in the coming year? How can we steer clear of potential audit triggers? What proactive…
Luxury cars. Does the IRS look at Social Media during a lifestyle audit?
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Does the IRS look at your Social media when they audit you? [VIDEO]

The digital footprint you leave on the internet, especially on social media, can be more revealing than you think. In an eye-opening video, John Milikowsky, the founder of Milikowsky Tax Law, discusses the extent of the IRS's reach when conducting…

An IRS Audit Agent says I don’t need an attorney, is that true?

Facing an IRS audit can be a stressful and daunting experience. When you receive that dreaded audit notice, a whirlwind of questions and concerns can overwhelm you. One common question that often arises is whether you need an attorney to navigate…

SBA PPP APPEALS: The Inside Scoop

In the realm of supporting American businesses, the U.S. Small Business Administration (SBA) has been a pillar since its establishment in 1953. Tasked with aiding, counseling, assisting, and safeguarding the interests of small business concerns,…

What Triggers an EDD Audit in California?

If your business is currently facing an audit from California's Employment Development Department (EDD), it's crucial to understand what led to this scrutiny. Knowing the reasons behind the EDD audit not only helps you navigate the audit…

Does the IRS Search Your Social Media Accounts When They are Conducting an Audit?

Have you ever shared a recent photo of your luxurious new boat, sports car, or exotic vacation on platforms like Facebook, Instagram, or other social media, all while reporting a modest income to the government? Rumors have been swirling…

Tips to Appeal SBA PPP-2 Loan Denials

If your SBA PPP-2 loan forgiveness request has been denied, it's crucial to be well-prepared for the appeal process. In this blog, we're providing essential tips to help guide you through the complexities of appealing an SBA PPP-2 loan denial. 1.…

Navigating the PPP-2 Appeal Process: Addressing Common Questions

If you've found yourself facing the denial of your PPP-1 or PPP-2 loan, the appeals process might appear daunting. In this comprehensive guide, we're here to shed light on frequently asked questions that often arise when businesses need to…

Common Mistakes Made on PPP-2 Loan Forgiveness: Navigating the Complexities

If you've had the privilege of receiving an SBA PPP-2 loan, you understand the relief it can provide during challenging times. However, the path to complete loan forgiveness can be fraught with potential pitfalls that might lead to denial.