Individual & Business Tax Preparation in Lakewood
At Financial Forensics, LLC, our priority is providing you financial services that set you or your business up for long-term economic success. We provide reliable and accurate tax preparation services so you can stay compliant with IRS regulations and maximize your return. Our team has extensive experience working with small businesses and individuals with complex tax needs, including rental properties and investment portfolios. You never have to worry about your small business or side business being too small. We're the team you can trust to help you minimize your obligations and find all the deductions available to you.
Tax codes and regulations are constantly changing. We partner with you to thoroughly understand your financial situation or business before making any recommendations. Our team helps ensure you're set up for long-term success based on your goals and aspirations. If you're looking for tax preparation in Lakewood, let us help you save time, money, and resources. Contact us today for your free initial consultation.
Advantages of Professional Tax Preparation
We understand that tax season can be a challenging and stressful time. It doesn't have to be. When you work with us, our team works hard to help you save money and avoid potential tax problems. We offer a secure portal to upload all your documents without the need to come into our office, saving you valuable time. Should you have any questions, our team is available when you need us to help alleviate any concerns you may have. Once your taxes are complete, you can either come into our office to review them or simply sign them through our portal.
We're also experts at tax resolution. Along with our CPA's extensive experience within the IRS, our team knows how to handle a notice from the collection agency and get you the answers you're seeking. We'll handle all communications with the IRS, retrieve requested information, and work toward a favorable outcome. It is not uncommon for the IRS to be mistaken, and we know exactly what to look for to ensure you're only paying what you absolutely must. Our team has the forensic accounting services you can count on, from dissolutions of partnerships to IRS audits and fraud examinations.
Lakewood Tax Preparation for Businesses
Helping you reduce your tax bill and take advantage of all your deduction and credit opportunities is always our priority. There are several tax situations that we can help you with, including:
Deferred Income: Also known as unearned revenue, deferred income is when you receive advanced payments for products or services that will be delivered at a later date. The prepayment you receive is recorded as deferred revenue on your balance sheet. This type of income can be difficult to navigate, especially when your company's generally accepted accounting principles (GAAP) indicates you owe a different amount than what the IRS is requesting. We know how to untangle the knot of deferred income taxes and help you stay on top of your tax obligations as they approach throughout the year, ensuring you aren't paying any more than you have to.
Reviewing Entity Selection: Few factors affect your taxes more than which entity you pick for your business. From pass-through entities to corporations, our team will analyze your business' structure and financial goals to ensure that your entity type selection is working for and not against you.
Setting Up Retirement Plants: Establishing retirement plans for your employees not only helps them save money, but can also provide you with tax advantages. Because this investment benefits your employees, the expenses you pay for the plan may be deductible. These expenses may include contribution matches, plan maintenance, and administrative costs.
Our team also monitors changes to the tax code to help your company quickly adapt to any regulatory shifts. We'll advise you on strategies for your retirement, investments, and personal financial growth.
Do All Businesses Need to File Tax Returns?
Regardless of the amount of money you made, you have to file a tax return. Our team will walk you through the importance of quarterly or annual filing, payroll taxes, tax planning, accurate accounting, and bookkeeping to ensure you're maximizing your tax return each year. We specialize in helping you find your financial strengths and build upon them to achieve your goals.
Tax Preparation for Individuals
Our team is exceptional at providing Lakewood tax preparation for individuals with complex needs. We can help make sure you receive all relevant deductions and avoid any penalties and fines. We are well-versed in the tax requirements associated with charitable contributions, rental properties, investments, and other unique financial considerations. In addition, we can help you evaluate potential tax planning solutions for minimizing your tax liability while remaining compliant with the IRS, such as retirement accounts and health savings accounts.
Dependable Lakewood Tax Preparation for Individuals & Businesses
At Financial Forensics, LLC, our goal is for you to be financially secure, so you can have time with your family and grow your business to provide a financial legacy. We alleviate worry by keeping up with changing tax laws and providing accurate and reliable tax services. If you're looking for tax preparation in Lakewood, we're the team you can trust to help you achieve a bright financial future. Contact us today to schedule your free initial consultation.