A few ways we’ve helped clients obtain greater financial certainty.
Client was having an issue with the IRS. His previous CPA retired and sold the firm. The new CPA listed him as deceased on his Trust tax return. We had to bring him back to life. Trust us -it was not easy.
Client in construction came to us with a large tax issue. His bookkeeper had entered the deposit from long term contracts into a current liability account. It got so big his tax liability was six figures. We repaired his bookkeeping and setup completed contract and percentage of completion revenue recognition to significantly reduce tax liability for the year.
Client came to us with a dream of starting a business. We help to develop the business and tax plan that helped him secure funding to acquire the necessary equipment. It is now 2 years later, and he is expanding - right on time with his plan.
Client feared losing his home and business due to a poor IRS audit decision. We saved his home, business and hundreds of thousands of dollars.
Client wanted a second opinion. We uncovered numerous unused tax deductions and credits, and helped implement several strategies, reducing their tax liability by 47%.
Client wanted to refinance their home, despite having an IRS lien. We processed a lien subordination through the IRS, and with the new and lower mortgage payments, client is saving for retirement and making their installment payments.
Client needed financial statements to apply for a loan, but the prior accountant was 8 months behind with the books, and they were highly inaccurate. With our reports, the client secured a larger loan, and was able to expand workforce by 33% and increase profits by 65%. We also uncovered tax savings of thousands of dollars and client was refunded.
Client was selling a property and was concerned about capital gains tax. We managed to reduce the capital gains and allow the client to keep more cash.