Whether you’re a professional association or professional corporation, we have the knowledge and experience to provide you with the services required to run your business efficiently. At Smith & Smith, we can help you organize your financial projections and take care of your tax planning.
The team of CPAs at Smith & Smith can cater to your needs and tailor them to your preferences. We’ll ensure that all of your financial projections are maintained in order and aimed at improving your business. We can assist you in managing your accounts using A/P and A/R systems and help you in achieving your financial strategies.
We are focused on delivering results that positively impact the bottom line while minimizing tax liabilities. To learn more about the services that we provide, please read below.
The Dreaded Letter from the IRS.
A client received a letter from the IRS regarding his prior year tax return. Unfortunately, he was being audited. The IRS believed that expenses for his LLC were overstated and disallowed certain deductions. In addition, the IRS stated that the client owed thousands of dollars in penalties alone. We met with this client and went over all of the relevant documents. We were able to guide him through the process and provide him peace of mind. Upon review of transcripts and various documents, we met with an IRS agent on behalf of our client. This ...
An owner of an auto shop came to Smith & Smith CPAs, LLC with a letter from the IRS.
This letter stated that an audit would be taking place. Having never been through an IRS audit, the owner needed help to prepare. We advised him on the process and shared our past experiences. When the audit came, we were there with him every step of the way.
An Oil & Gas company needed guidance on how to handle their growth.
They started as a sole proprietorship and were in search of a CPA firm that could advise them on how to handle the growth of their company. After searching for a firm, they decided to meet with Smith & Smith CPAs, LLC. In our initial meeting, we learned of their business and inquired about their goals. We decided that it was best for them to incorporate.
A group of doctors were looking for a CPA firm to help them form their new practice.
A group of doctors had been working for various practices and decided to form their own medical entity. They were sure that they could succeed given their experience and knowledge in their field of medicine. Needing a CPA firm to advise them on various tax decisions, they decided to seek the services of Smith & Smith CPAs, LLC.
A cardiologist received a letter from the IRS for delinquent payroll taxes that had already been paid.
The cardiologist was sure that the payroll taxes had been paid however, he needed help to prove this was the case. Our CPAs reviewed the tax payments and reconciled them to the various tax liabilities. Upon completion, it was determined that the aforementioned taxes were indeed paid. The issue was that they were applied incorrectly.
Playing chess is all about making the right moves and thinking up smart strategies to win the game fair and square. The same applies to your taxes thanks to the preferential treatment granted by the IRS. Taking advantage of this golden opportunity allows you as an investor to save your hard earned money from a storm of taxes. The following strategies will help you achieve that goal using legal loopholes or exceptions: Making Wise Investments Nowadays, it is possible to invest in a number of companies, stocks and even real estate properties. Going down the real estate road is an…