TM Tax Advisors — Insights https://www.tmtaxadvisors.com/insights/ Tax, accounting and business insight from TM Tax Advisors in Azusa, California. en-US Sat, 12 Sep 2026 05:15:38 GMT The dates a California small business should have in its calendar https://www.tmtaxadvisors.com/insights/california-small-business-tax-deadlines/ https://www.tmtaxadvisors.com/insights/california-small-business-tax-deadlines/ Wed, 02 Sep 2026 09:00:00 GMT Deadlines Most penalties we see are not the result of a disagreement with the IRS. They are the result of a date nobody had written down. LLC or S-corp in California? The break-even is a calculation, not a rule of thumb https://www.tmtaxadvisors.com/insights/llc-vs-s-corp-california-break-even/ https://www.tmtaxadvisors.com/insights/llc-vs-s-corp-california-break-even/ Wed, 26 Aug 2026 09:00:00 GMT Business Structure Every forum will tell you to elect S-corporation status once your profit hits some round number. That number is made up. Here is the arithmetic that actually decides it — including the California-specific costs that most national advice ignores. An EDD letter arrived. Here is what actually happens next. https://www.tmtaxadvisors.com/insights/edd-worker-classification-audit-california/ https://www.tmtaxadvisors.com/insights/edd-worker-classification-audit-california/ Wed, 12 Aug 2026 09:00:00 GMT Payroll & Compliance Most California employers who get audited for worker classification did not think they were doing anything wrong. Here is how the process works, what the ABC test really asks, and the decisions that matter in the first week. What a CP2000 notice really is — and why the 30 days matter more than the number https://www.tmtaxadvisors.com/insights/irs-cp2000-notice-what-it-means/ https://www.tmtaxadvisors.com/insights/irs-cp2000-notice-what-it-means/ Wed, 29 Jul 2026 09:00:00 GMT IRS Notices A CP2000 arrives looking like a bill for thousands of dollars. It is not a bill, and it is frequently wrong. What it is, is a clock. The quiet way families lose refunds: an expired ITIN https://www.tmtaxadvisors.com/insights/itin-renewal-lost-refunds/ https://www.tmtaxadvisors.com/insights/itin-renewal-lost-refunds/ Wed, 15 Jul 2026 09:00:00 GMT ITIN & Families A return filed with an expired ITIN still gets processed. It just gets processed without the credits — and the letter explaining why arrives months later. What it actually costs to be two years behind on your books https://www.tmtaxadvisors.com/insights/what-it-costs-to-be-two-years-behind/ https://www.tmtaxadvisors.com/insights/what-it-costs-to-be-two-years-behind/ Wed, 24 Jun 2026 09:00:00 GMT Bookkeeping Nobody falls behind on purpose. But the cost of staying behind is rarely the bookkeeping fee — it is the tax you overpay, the loan you do not get, and the decisions you make on numbers that are not true.