EDD Audit and What to Expect
If you have been selected for an EDD audit in Beverly Hills, this means that the EDD thinks that you may have forgotten to submit payroll taxes, or you may have an employee who is misclassified. These types of mistakes can happen, but they come with hefty consequences because the EDD rarely forgives mistakes.
When you undergo an EDD audit, there are some steps that the auditor will take, and the first step is to have an entrance interview. During this interview, you will learn more about why you were selected for the audit and what is expected of you.
The next step is for the auditor to review your company’s books and records. During this time, the auditor will check for any inconsistencies and any errors that may occur. Once the audit is completed, you will be notified via mail of the results.
The results of the audit can go one of four ways, which include no charge, underpayment, overpayment, or both underpayment and overpayment.
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