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

EDD audit testimonial

1099 Misclassification Audit Testimonial: How Milikowsky Tax Law set Realistic Expectations

Facing an audit from the California Employment Development Department (EDD) can be daunting for any business owner, especially when it involves potential 1099 worker misclassifications. The process is complex, the stakes are high, and the regulations…
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How to Prepare for an IRS Audit in 2025: A Comprehensive Guide

Preparing for an IRS audit can be a daunting task, but with the right strategies and tools, you can navigate the process smoothly and confidently. As we approach 2025, it’s important to stay ahead of potential changes in tax regulations and…
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2025 Tax Audits: What to Expect

Tax audits are evolving as we enter 2025. Changes in technology, tax laws, and enforcement practices are reshaping how audits are conducted. Whether you’re an individual taxpayer, a business owner, or a financial professional, staying informed…
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ERC Credit Explained: 3 Requirements IRS Will Look For

The Employee Retention Credit (ERC) was designed to support businesses affected by government and business closures during COVID-19. To qualify, businesses must meet three main requirements: being a qualified business, having qualified wages,…
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IRS ERC Audits & Voluntary Compliance Program

What Is the Voluntary Compliance Program (VCI)? The IRS has introduced the Voluntary Compliance Program (VCI) for businesses that filed for the Employee Retention Credit (ERC) and believe their claim was inaccurate. This program allows companies…
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IRS Strategic Plan: Increased Audits on Wealthy Taxpayers, Corporations, and Partnerships

The Internal Revenue Service (IRS) is making a significant shift in its approach to tax audits, focusing more intensively on high-income earners, large corporations, and complex partnerships. This new direction is outlined in the IRS's updated…
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5 Tips for CPAs to Minimize Audit Risk for Their Clients

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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…
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…