On: June 19, 2020
Every state has their own version of payroll taxes that must be paid. While they may seem like a nuisance, they are an important part of being a business owner and are crucial to keeping your business alive and well. In California, there are four general payroll taxes that are taken out of each paycheck […]
On: June 12, 2020
Filing tax returns is compulsory for all U.S. residents. If you’re not filing intentionally, you’re committing a crime. IRS can investigate the matter that may lead to severe penalties. So, if you continue to suppose it’s an honest plan to not file returns, then you might need to change your thinking. Rather wherever finances are […]
Being a business owner in California means being responsible for making sure you cover and pay the payroll tax. While it is different in every state, Californians have to deal with them or possibly have to suffer the consequences of breaking tax law. By staying on top of your job and knowing all the state […]
On: June 5, 2020
A revenue officer is a person who collects back taxes and enforces the filing of back tax returns. The IRS normally sends revenue officers to collect taxes when taxpayers have not set up a payment agreement with them, or when they owe large amounts of fees, back taxes, or have unfiled back tax returns. A revenue officer […]
If you are a business owner in California, then the payroll tax is probably a big part of your life. While every state is different, the payroll tax is a percentage of a person’s paycheck that is taken out to help fund other various programs and agencies in each state. Alongside state taxes, federal payroll […]
On: May 29, 2020
Wage garnishment occurs when a court issues an order instructing your employer to withhold a portion of your paycheck and to send it directly to a creditor that you owe money. In general, wage garnishments continue until the debt is paid off in full or otherwise resolved. Stopping Wage Garnishments One strategy to deal with the […]
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 […]
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 […]
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 […]
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 […]