![]() Which Payroll Taxes Are Administered By The EDD? Because of its broad powers to investigate and the length of time it could take to undergo an audit, most who find themselves under investigation will find it prudent to hire an EDD lawyer to handle the process and ensure the best and most efficient outcome. The EDD is the third largest taxing agency and increasingly it works in cooperation with the IRS. ![]() Throughout the state of California there are thirty-one employment tax district offices where field operations, including audits, are conducted. Specifically, in the long run, it pays to routinely reevaluate how you classify your workers and determine if you are indeed reporting and paying the correct amounts of payroll taxes. Therefore, if you are a business owner the last thing you want to be is complacent when it comes to your employment practices. It is generally agreed upon that the EDD is far more aggressive when it conducts audits than the IRS. The biggest take-away here is that when it comes to the EDD and EDD tax audits, the auditor’s assumption from the get-go is that you are out of compliance therefore, his/her ultimate goal is to uncover wrong doings and then collect fines, interest, tax penalties, and back taxes from you. This taxing agency is responsible for administering the collection, accounting and enforcement processes of the state’s basic employment taxes. ![]() If you happen to run a business in the state of California, you are likely to be familiar with the Employment Development Department (EDD).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |