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How to prepare for a sales tax audit

On: May 29, 2020

In California, a sales tax audit is something that businesses of all sizes will run into at some point. While a sales tax audit looks at all matters related to sales tax, auditors can look at other facets of your company to make sure that you are doing everything correctly and paying everyone who needs […]

What Is a Tax Lien?

On: May 22, 2020

You may have heard the term “tax lien” before and wondered what it meant. If, on the other hand, you know all about tax liens—it is not, hopefully, from experience as they can be burdensome and will leave a long-term stain on your credit record. Basically, a tax lien is a government claim against your […]

How to help avoid a sales tax audit

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In the state of California, there are some things that you just can’t avoid, including a sales tax audit. Business owners in the state will learn at some point that a sales tax audit is one of those things. While they are not mandatory, a sales tax audit can be triggered by a random occurrence […]

What Is a Wage Garnishment?

On: May 15, 2020

Wage garnishment happens when the government instructs a U.S. business to withhold money from an employee’s monetary compensation (including salary) and send it directly to the creditor whom they owe. This usually occurs as a result of a court order. Wage garnishments may continue until the entire debt is paid or otherwise resolved. Employers must […]

How to report payroll tax in California

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If you are a business owner in California that has employees then you are probably familiar with the payroll tax. Usually taken out automatically by an employer, the payroll tax is a series of taxes that go to various state and federal agencies and programs. While it may seem like a pain, it is a […]

What to Know for Your IRS Audit

On: May 9, 2020

To protect yourself during an IRS audit, there are some things you need to know. By not educating yourself and failing to prepare for an IRS audit, you leave yourself vulnerable to making a mistake, and when it comes to IRS audits, mistakes are never a good thing. Here is what you need to know […]

Tips for a sales tax audit

On: May 8, 2020

Sales tax audits are an unfortunate part of being a business owner in California that you can face for any number of reasons. Sometimes that reason is simply because you were the random taxpayer chosen to be audited or because you were flagged in their system. Either way, here are some helpful tips to keep […]

How to Prepare for an IRS Audit

On: May 1, 2020

IRS audit is no one’s dream. There are, however, things you can do to prepare, which will make them far less painful and much easier for you. Here are some tips for how to prepare for an IRS audit. About IRS Audits To know how to prepare for an IRS audit, you must first understand […]

What not to do in a sales tax audit

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So you are about to go through a sales tax audit? Do not panic. Sales tax audits are not something that should cause you a great amount of fear unless you knowingly did something wrong. While sales tax audits are something that can be randomly triggered, it is always best to take the utmost precaution […]

High-Income Individuals Beware: The IRS Is Coming!

On: April 24, 2020

Whether it is the truth or an illusion, the IRS is not typically thought to pay many face-to-face visits to higher income individuals for failing to file or pay their taxes. This, however, is changing as the Internal Revenue Service has recently accounted that this year, they will be making more house calls to individuals […]