Navigating EDD Audits: Your Essential Guide
This comprehensive guide provides crucial insights into what triggers an EDD benefit audit, the audit process, associated penalties, and more.
The Essential Guide to Changing Your Business Entity: Expert Insights for Strategic Decision-Making
Whether you're scaling up, seeking tax advantages, or aligning your business structure with future goals, understanding how to change your business entity is crucial.
Maximizing Retirement Savings in 2024: A Guide to Secure 2.0 Act Benefits for Small Businesses
The Secure 2.0 Act significantly increases the startup cost credit, making it more financially feasible for small businesses to offer retirement savings options to their employees.
Tax Relief for American Families and Workers Act of 2024
An interesting provision including in The Tax Relief for American Families and Workers Act of 2024 bill would allow taxpayers to elect to apply the 100% bonus depreciation to prior years.
Corporate Transparency Act 2024: Updates on Beneficial Ownership Information Reporting and Filing
The Corporate Transparency Act (CTA) of 2021 introduced significant changes to beneficial ownership reporting, aiming to enhance transparency and combat financial crimes. As of January 1, 2024, the Financial Crimes…
2023 Tax Season Prep & Planning
In this short article, we'll cover important tax deadlines, our tax prep process, and frequently asked questions.
Understanding IRS Notice 2024-7: Relief for Taxpayers Impacted by COVID-19
The IRS has recently issued Notice 2024-7, offering a beacon of hope to almost 5 million taxpayers who did not receive automated collection reminder notices during the pandemic. This relief…
The Democrat Tax Increase Proposal
Yesterday, the House Ways and Means Committee (‘House Democrats’) circulated their proposed tax plan. There are substantial raises in the tax rates, including increasing the tax rates on corporations, investors,…
Understanding Business Taxes
The Orange County business tax attorneys here at Evolution Tax & Legal frequently receives questions on how to plan for and appropriately file taxes for your business, whether it operates…
Tax Planning for Businesses
All businesses want to lower the amount of tax they pay. So, how do you actually do that? The team here at Evolution Tax & Legal is here to help…