What We Do Best
We offer a wide array of services that many other tax firms do but there are a few on the list that we consider our house specialties. Throughout the years we have developed specific strategies that reduce tax exposure, thus reducing tax liability. Our goal is to equip every taxpaying citizen with the knowledge needed to remain in compliance at all times and to avoid the Uncle Sam altogether.
IRS & State Tax Relief
When dealing with the State and IRS especially, it is imperative that you are well equipped and aware of what they can and can not enforce. You need to understand that the IRS can levy bank accounts and seize assets, however, they MUST follow certain protocols. Whether it is payroll tax and they are threatening to close your doors and assess you a massive trust fund penalty or you have personal tax and they are demanding that you sell everything you own and liquidate bank accounts, it is crucial that you make the right moves at the right times and that you are aware of what your Collection Statute Dates are; they can’t collect FOREVER! You must be very strategic when providing financial statements along with supporting documentation. There are so many options such as Penalty Abatements, Partial Pay Agreements or Non-Collectible status, let us give you clarity.
IRS & State Settlements
The commercials on TV are correct, to an extent. The taxing authorities do settle tax debts for pennies on the dollar, however, you must either be basically insolvent or you must be extremely creative. Also, the spokesperson does not usually tell you the rest of the story and that is that the IRS puts you on a watch list for the next five years just waiting for you to stumble so that they can rush in to assess you the previously settled liability plus interest. We have settled more than $25 Million in tax liability and we have had zero clients default settlements to date. After running our Reasonable Collectibility Potential(RCP) algorithm we can tell you in just minutes what your chances of success are. Whether you decide to make a lump sum cash offer or make periodic payments, we can help you navigate the process to make sure that you’re not being taken advantage of.
Tax Reduction
Why does it seem that the wealthy pay less per dollar that the average US citizen? That cant be legal, or can it? Believe it or not, most of them are not breaking any laws, well at least not tax laws! After years of reviewing fortune 500 corporate returns we have devised strategies that mirror that of the one per-centers. We have just been able to scale it down so that the common small to medium sized business owners can take advantage of those very same strategies. This is one of our “House Specialties” and we pride ourselves on understanding tax law so well that our formulas can not be emulated. They are catered to every business just as a fingerprint is to every human.
Entity Structuring
Sub-contractors and freelancers rejoice because you too can take advantage of the same strategies that the large corporations use year after year! Taxpayers need to stop thinking one dimensional when it comes to paying your “fair share” of tax. You might realize that your “fair share” could stand to be a lot more fair. You might not save $100,000 per year in tax liability like some of the larger corporations but on average a self-employed freelance photographer, mechanic, truck driver, realtor, etc. earning $50,000 per year can reduce their tax liability by anywhere from $3,000 to $6,000 per year just by restructuring themsleves. These services coupled with our Tax Reduction Service can be a beatiful thing!
Tax Prep & Bookkeeping
Of course we offer tax prep and bookkeeping services for all types. Individuals on a fixed income all the way to corporations with up to 500 employees. Our tax returns are completed by experienced licensed EAs or CPAs only, no run of the mill tax preparers here. We offer very competitive pricing and we use Intuit Proconnect ProSeries Tax Software so you can rest assured that your returns are accurate and filed correctly. As for our bookkeeping department, they do absolutely nothing but bookkeeping. We believe that to be truly great at a task practice makes perfect and our bookkeeping department runs like a well oiled machine. As always, we offer these services a la carte or we can bundle them, its completely up to you and what fits your needs. We can also review previously filed returns just to give you peace of mind that your not exposed to unwarranted tax.
Virtual CFO
Our number one goal here is to give our clients the freedom to do what they do best. Whether you are a baker, an architect, a TV persona, a doctor, a mechanic, or you create unicorn shaped mugs, we want to give you the opportunity to succeed at your profession. We may not know the ins and outs of every profession but we do know the ins and outs of how to run a business. Our VCFO Service is a combination of all the services we offer in a way that fits your specific needs. Maybe you need assistance with obtaining lending and financials need to be provided or maybe you need someone to just need real-time support when it matters the most. We create accounting systems that work and we are constant liaisons to shareholder and investors alike. We prevent tax related issues from arising and we keep you productive and as always, these services are unique to every individual.