If you think preparing your own personal income tax return is tricky wait until you see the complex laws related to business or "Entity" type returns. Whether your organizational structure is C-Corporation, S-Corporation, Partnership, or LLC our tax professionals have the experience and know how to tackle any situation. Here at Facchetti & Facchetti, no account is too big or too small. According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. For instance, did you know that disproportionate shareholder profit distributions from a Sub Chapter S Corporation could be a triggering event that will automatically revoke your "S" status?? Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.
Here's what you get...
- Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
- We will make sure that all relevant items; income, expense, payroll, fixed assets, and banking accounts all tie into the entity returns. Also, if relevant, basis accounts for all partners or shareholders will be kept on an individual basis.
- If you are a QuickBooks user and provide us with the necessary information, we will send you back an accountants copy export file so all adjusting entries made by us will be seamlessly imported into your file.
- Rest assured all relevant credits and deductions that may have been recently enacted will be accounted for in your return. Also, given our 44+ years of experience, we are very familiar with many of the irregularities that may trigger possible audits. (red flags)
Books a Mess? No Problem!
If you haven't kept up your bookkeeping, don't worry. We can help you. We'll take care of all the bookkeeping and data entry procedures needed to file a compliant return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.
