Category Archives: IRS Representation

How Accountants for Small Business Can Help You Survive IRS Troubles

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small business accountants can save you from the irsAfter discovering about $450 billion is likely owed and going uncollected, with under-reporting by small business accounting for about $140 billion of that figure, the IRS has been cracking down on small businesses. Since the fall of 2012, the Internal Revenue Service has reportedly sent out letters to some 20,000 small businesses to notify them of possible income under-reporting.

In this case, they are trying to nab businesses they believe have an unusually high number of reported sales through credit card transactions, with the thinking that they are getting a lot of cash transactions that aren’t being reported. It is likely that the IRS will also come up with other methods to go after small businesses to make up for the billions of missing revenue.

The IRS is not an organization that any business, or individual, wants to have to deal with. But if you should get a similar letter, utilizing accountants for small business can be essential to positively dealing with the situation and coming out on top.

Experienced accountants for small business understand exactly what the IRS is looking for and why. If you receive a letter, or are audited, you need an accountant on your side. An accounting expert specializing in a business like yours can help you respond appropriately or represent you in the audit.

If you’ve been handling all of the financial aspects of your business, you’re probably feeling overwhelmed; keeping all of the records straight and ensuring that you’re following all of the IRS rules and regulations is a full-time job of its own.

While you may be pulling your hair out at this point, there is some good news. Fortunately, GoodAccountants.com can help you to find the best accountants for small businesses to ensure your taxes and any IRS issues are handled correctly.

Finding an expert accountant now can also help you be better prepared in the future. The right individual is much more than just a tax preparer, but can also become a trusted advisor helping you to manage cash flow, keep your books in order and plan for growth. This will allow you to take care of your most urgent responsibilities such as earning money for your company, while leaving the majority of the financial paperwork and IRS dealings in the hands of an experienced, qualified accounting professional.

The Best Accountants Can be Trusted with Sensitive Information

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On August 26th, rapper Fat Joe will head to prison after a tax evasion conviction in December of 2012. He will serve four months for failing to pay taxes on over $1 million in income during 2007 and 2008. Failing to pay income taxes is a very serious violation of the law, and Fat Joe might be lucky to only be serving four months.

Where the story interesting, however, is in the fact that Fat Joe is claiming his failure to pay taxes is the fault of a suspect accountant. You would imagine that a millionaire rapper would only employ the best accountantsfat joe could have used the help of the best accountants to avoid jail time, but apparently that is not the case. Either he is not telling the truth regarding the unpaid taxes, or Joe needs a little help interviewing his employees and choosing the best in the field. Surely, he could have afforded an accountant who would ensure that his taxes were paid and that he remained a free man.

This story is relevant to every business owner or manager because almost every business entity has an accountant or a group of accountants working on their behalf. You would hope that you only have the best accountants on your team, but how do you know? If your accountant can’t be trusted with highly sensitive and important information, you could find yourself unwittingly in the middle of a serious problem. Assuming Fat Joe is telling the truth regarding his case,  that is exactly what has happened to him.

Vetting any accountant before they are trusted with your information and tax responsibilities is an important process. You should take the time to check references and work history thoroughly, especially considering how much trust you will be placing in their hands. Using GoodAccountants.com to locate a list of qualified accountants within your area will make finding the best accountants simple and straightforward. Once you have an accountant that you know can be trusted with even the most sensitive of materials, you will feel as if a weight has been lifted off your shoulders. Get started choosing your accountant today to ensure that you don’t suffer the same fate as poor Fat Joe.

Find An Accountant And Resolve Your Tax Woes

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find an accountantThe federal government may under staff and overwork the IRS, but that does not mean the people who work for the agency have transformed into a group of Mother Teresas. As recent news stories indicate, the IRS is the same tough as nails tax collection organization that can turn your world upside down. Taxpayers who struggle with the IRS need to know how to find an accountant to straighten out the paperwork and present a winning case.

Most of the issues with the IRS concerns tax debt. A number of reasons can lead to unforeseen tax debt, such as failing to include all sources of income and incorrect mathematic computations. The increasing complexity of the US tax code also contributes to erroneous returns. Your best method for avoiding unforeseen tax debt is to hire an accountant before you file to make sure you have correctly established your tax liability. However, most people need IRS relief after the fact, which means they have to find an accountant, and fast.

You can let your fingers do the walking and take your chances or access the large accountant database at Goodaccountants.com to find an accountant who has the qualifications to take on the IRS. Over 50,000 accounting firms list at GoodAccountants.com. The website allows you to find an accountant for free by inputting personal information and a little information about your situation. Go to the audit page to learn how you can get five competitive bids for your audit. You can find five qualified accountants on the website’s taxation page. Once you receive bids, you need to know how to hire the right accountant to resolve your tax woes.

Your tax professional should be a certified public accountant, which is one of the few professionals allowed to represent taxpayers in cases before the IRS. The accountant should be well versed in every aspect of income tax law. Make sure the accountant you choose has extensive experience dealing with issues that are part of your case. For example, hire an accountant who specializes in maximizing your deductions, if you need to shave a few more dollars from your income. Finally, after considering multiple factors, choose your accountant and start the resolution process as quickly as possible.

IRS Scandal Brings Up Financial Concerns for Many: How the Best Accountants Can Help Avoid Those Tax Worries

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best accountantsThe recent IRS Scandal  has many people, including business owners, thinking about their own finances and tax concerns. The news came to light in early May when it was disclosed that the agency had been improperly targeting some conservative groups such as tea party groups who had applied for tax-exempt status.

If you hope to avoid a run in with the IRS, having the best accountants on your side can decrease those odds of being targeted or facing one of many tax issues that can occur.

For a small business as well as an individual, this can make the difference financial success and financial disaster.

A professional, experienced accountant such as those you’ll find with GoodAccountants.com can act as your trusted advisor, helping the business owner to manage cash flow, implement strategies and plan for growth, assess risk and make sure your all of you records are in order. Not only can an expert help save you money by managing your finances and taxes wisely, but a professional can save you hours and hours or precious time and the stress that comes with it.

The best accountants for a small business will understand the dynamics and complex accounting requirements and also have experience and knowledge in your specific industry. Many accountants even specialize in particular industries such as construction or real estate, making them an even more valuable part of your business.

An accounting expert can provide important long-term strategic advice that can help you manage business finances the right way and provide services such as budgeting and forecasting, risk assessment or even advice for starting up a small business.

The expert business consultants at GoodAccountants.com can match your particular requirements with the very best accountants in the nation that will provide the best fit for your business at no cost to you.

With businesses relying on accurate and insightful financial information in order to maintain and increase profitability, capitalize on new opportunities, save money, headaches, plenty of stress – and avoid that dreaded visit from the tax man, a trusted accountant is a must.