Few things cause more anxiety than receiving an audit letter from the Internal Revenue Service (or any taxing authority). While rare, it happens. Many taxpayers decide to handle these matters on their own, putting them at a disadvantage. Consequently, they may pay more than their fair share, not because of an error on their tax return(s), but for their lack of knowledge of the tax and audit laws and of their rights. Our years of experience with all types of tax authorities leads to a fair resolution, frequently without our clients even speaking with the IRS.
Taxes permeate every part of our business and personal lives. Being tax efficient means being in touch with us during, not after, year-end for thoughtful tax planning. Doing so takes advantage of opportunities like special deductions and tax credits. The timing of expenditures is also critical in managing overall tax exposure. And, the laws and regulations change frequently, which means good advice, provided last year might not be relevant next year. Our experts optimize clients’ decisions to achieve the lowest possible tax-effected cost.
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax deposits and returns when due.
Sales Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in different jurisdictions. We can help determine whether sales are subject to sales tax. Then, we help gather and remit the proper sales tax by preparing the required state(s) and local returns.
State and Local Taxes / Nexus
It has become relatively easy (even necessary) to conduct business outside of your home base. There are a number of state and local tax issues that are important to know when doing business in another state, and they’re not always obvious. We have the resources to work with businesses to identify nexus for income, franchise, sales and payroll tax purposes and comply with regulations in each jurisdiction a business operates.
Tax Compliance and Preparation
Tax ‘simplification’ has been part of the political discourse for decades. Yet, preparing a tax return is anything but simple, and the costs of making a mistake are on the rise. We have the resources and experience to serve you by preparing your taxes to ensure you don’t pay a nickel more than required under the laws and regulations. Some of the returns we prepare include:
- Limited Liability Companies