Tax Audit Representation in Marina, CA

Tax Services

TAX REPRESENTATION

Tax Management Services:

We guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to you financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.

Representation and Negotiation:

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealing with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries to rest. We are ready and willing to answer any and all questions the IRS may be asking of you.

  • Audits
  • Collections
  • Offers-In-Compromises
  • Tax Liens
  • State tax problems
  • Seizure of wages and bank accounts
  • Appeals
  • Penalty Abatements
  • Taxpayers Rights
  • Unfiled Tax Returns
  • Payroll tax debt release
  • innocent spouse

Income Tax Preparation Service for:

  • Individuals
  • Not-for-Profits
  • Sole Proprietorships
  • Estate & Trust
  • C-Corporations
  • S-Corporations
  • Partnerships
  • LLCs
  • Other Returns

Bookkeeping:

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. We can assist you with the day-to-day tasks associated with bookkeeping.

  • Reconcile your bank statements
  • Reconcile credit card statements
  • Post expenses
  • Post revenue
  • Post wages and taxes to employees’ records
  • Complete Payroll Tax Returns
  • Complete any Sales Tax Returns
  • Calculate tax and depreciation
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Quickbooks Services

  • Software Installation
  • Software Support
  • Troubleshooting
  • Phone Consultation
  • One to One Training

Payroll Services

As your business grows, it must hire more employees, which can mean increased payroll administration. We can assist you in implementing the controls necessary to insure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll returns in a timely manner.

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  • Payroll Processing
  • Payroll checks written
  • Payroll and check Registers
  • Tax Deposit Information
  • Multitude of deductions
  • Complete Payroll returns:
    • 940 Federal Unemployment Tax Return (FUTA)
    • 941 Quarterly Federal Tax Return
    • DE 9 and DE 9C Quarterly Wage and Withholding Reports
  • W-2 Wage and Tax Statement
  • W-3 Transmittal of Wage and Tax Statements

Commercial Insurance

Business Owner Policy

Insurance companies selling business insurance offer policies that combine protection from all major property and liability risks in one package. (They also sell coverages separately.) One package purchased by small and mid-sized businesses is the business owners policy (BOP). Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face.

BOPs include:

  1. Property insurance for buildings and contents owned by the company -- there are two different forms, standard and special, which provides more comprehensive coverage.
  2. Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
  3. Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.

    BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles and your employees.

EPLI

Employment Practices Liability Insurance (EPLI)

EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated.

The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits. Recognizing that smaller companies now need this kind of protection, some insurers provide this coverage as an endorsement to their Businessowners Policy (BOP). An endorsement changes the terms and conditions of the policy. Other companies offer EPLI as a stand-alone coverage.

EPLI provides protection against many kinds of employee lawsuits, including claims of:

  • Sexual harassment
  • Discrimination
  • Wrongful termination
  • Breach of employment contract
  • Negligent evaluation
  • Failure to employ or promote
  • Wrongful discipline
  • Deprivation of career opportunity
  • Wrongful infliction of emotional distress
  • Mismanagement of employee benefit plans

The cost of EPLI coverage depends on your type of business, the number of employees you have and various risk factors such as whether your company has been sued over employment practices in the past. The policies will reimburse your company against the costs of defending a lawsuit in court and for judgments and settlements. The policy covers legal costs, whether your company wins or loses the suit. Policies also typically do not pay for punitive damages or civil or criminal fines. Liabilities covered by other insurance policies such as workers compensation are excluded from EPLI policies.

To prevent employee lawsuits, educate your managers and employees so that you minimize problems in the first place:

  • Create effective hiring and screening programs to avoid discrimination in hiring.
  • Post corporate policies throughout the workplace and place them in employee handbooks so policies are clear to everyone.
  • Show employees what steps to take if they are the object of sexual harassment or discrimination by a supervisor. Make sure supervisors know where the company stands on what behaviors are not permissible.
  • Document everything that occurs and the steps your company is taking to prevent and solve employee disputes.

Personal Insurance

Automobile

Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
Auto insurance provides property, liability and medical coverage:

  • Property coverage pays for damage to or theft of your car.
  • Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
  • Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you're financing a car, your lender may also have requirements.

  • Life Insurance
  • Annuities