The dates a California small business should have in its calendar
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.
Insights
No recycled newsletter filler. These are the questions clients actually ask us — answered properly, with the California specifics that national advice leaves out.
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.
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.
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.
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.
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.
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.
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