Your attitude may be costing you thousands of dollars every year, and you don’t even know it! Being an entrepreneur, you do most everything yourself, and we think that’s awesome! In fact, we’re hosting events so you can learn how to do some of the parts of business ownership much more efficiently, and so you can do it at a higher quality (read: faster and better).
Any experienced business manager will tell, you should manage your business by considering opportunity cost, not accounting cost. That is, if something saves you a few hundred dollars today but, by not spending it, you would lose the likely possibility of getting thousands of dollars in the very near future, then you should obviously spend the few hundred dollars now.
This seems obvious, yet each year, you use TurboTax to do your tax return. It saves you a few hundred dollars, and a penny saved is a penny earned … right?
Understandably, your attitude is to get it over with as cheaply, quickly, and painlessly as possible, but you still spend countless hours poring over summarized tax rules and working with knowledge you can only hope is adequate.
A tax return is an opportunity to minimize the amount you pay to the IRS and state tax authorities. Your get-it-over-with attitude prevents you from asking the right questions and arriving at safe and favorable conclusions. We can help you eradicate the frustration and risk of missing something or getting IRS speculation and help you achieve the most favorable results possible from your tax situation.
By using our services instead of preparing your own taxes or going to a retail tax shop, you will often pay the tax authorities thousands of dollars less or get a refund of thousands of dollars more. We are saying this based purely on all the amendments we’ve done of self-prepared or retail-prepared tax returns. On top of that, you will reduce your risk of IRS inquiry or audit, as we detail below. Tax software is great if you only want to think inside the box. If you have a business that doesn’t belong in a box, you can do much better by working with us.
To properly prepare a business tax return, complicated individual return, or an individual return with a business on it, the instructions are a good starting place. But when you have facts and circumstances in the gray area, you need to dig down into the Tax Code and the Treasury Regulations. When those aren’t enough, naturally, you should see what the Revenue Procedures, Revenue Rulings, relevant case law, and Private Letter Rulings have to say.
Essentially, things can get tricky because the IRS doesn’t publish every rule for every situation in its instructions. An experienced, well-informed tax practitioner knows all the additional sources to check for relevant precedents, even beyond the few mentioned above.
Let’s see what your small investment now can earn for you:
With our firm, you get the attention of an experienced tax practitioner and his team. Our head consultant and accountant, Justin Sundberg, has Big Four experience and has been doing taxes for over 10 years. Not only that, we have the experience to know when something is in that magical gray area of tax, and we can dig through various obscure sources of tax guidance and authority to safely minimize your tax or your risk.
Justin knows what it means to be an entrepreneur and small business owner. He’s built his practice from the ground up. He’s right there in the trenches, working beside his clients every day.
Seeing the need for a quality tax service for small businesses, Justin redesigned and redefined accounting firm standard practices and processes, creating a new kind of accounting firm that focuses on high-quality, forward-thinking tax management for small businesses.
One major reason you should use our services is the sheer reduction in risk of IRS audit. There are lines in a tax return that should be equal to each other, and there are lines that should add up to a line on another page. If they don’t, it’ll raise a red flag. We know all these little rules and make sure there are no red flags in your return.
On top of that, our signature at the bottom of your return reduces your risk of IRS audit. We have never had the IRS inquire about any numbers on our returns. They trust us because they know we are very thorough. We look at the details to extract and mitigate items that are loaded with tax risk.
By not using a quality tax practitioner, each year, you could be adding more risk than you want and potentially leaving thousands of dollars on the table. Give us a call at (651) 689-4789 or send us an email at firstname.lastname@example.org if you would like to stop taking risks and start utilizing the tax code to help your business.