Paying taxes is something every small business owner dreads and wants to avoid. Your tax liability includes city, state and federal tax obligations, payroll taxes, franchise and sales taxes. Meeting your obligations requires record-keeping, planning and up-to-the-minute knowledge of the ever changing, increasingly complex tax code.
A great tax accountant can use his knowledge to negotiate a complex web of laws and regulations in a way that minimizes your liability, saving you real money. A really great tax accountant will also look ahead and put a strategic plan in place that minimizes your liability for years to come and takes advantage of every opportunity the law affords you.
Everyone knows about payroll taxes, income taxes and most state levied taxes. However, we routinely encounter clients that are unaware that there is a business tax levied by their city and or county government. We once had a client that opened an office in Beverly Hills. We advised the client to register with the city and he did not. The local tax agent showed up one day with a $10,000 bill for an office with three people and no revenue.
Tax Return Preparation
From our La Jolla headquarters, Witt & Associates has helped entrepreneurs and small businesses in San Diego and across the country to use tax law in their favor while they meet their legal obligations.
Our work includes corporations, partnerships, LLC's & LLP's, and individuals both within California and across the country.
We can work with input from any accounting system; or we can design and install flexible information systems, providing technology consultation and support. We'll even train your personnel on your new system.
Our toolkit for return preparation is extensive. We maintain a repository of every tax form required by every regulatory agency that our clients operate in. We utilize Intuit's Lacerte tax software for 1040's, 1041's, 1065's, 1120's and returns for all 50 states.
Tax Audits
We are skilled in working complicated matters with Internal Revenue Service agents. We have assisted many clients with the dealings with the IRS. We have developed a level of competence that will ensure that our client's facts are accurately presented and rulings properly negotiated.
If you are faced with an audit, we'll step in and defend your interests effectively and definitively, compiling the information that presents you in the best light.
