Undertaking the role of tax preparation can be quite a burden for you or your business. Don’t struggle with tax planning and preparation on your own. Heller & Filippone, LLP has helped countless White Plains businesses ensure their taxes are compliant and filed on time. We look for ways to help you legally lower your liability, and provide guidance and representation for tax problems.
Effective tax help is here and ready for you! Contact our office to schedule your free consultation today!
Our professionals are trained to detect errors, omissions, and unclaimed opportunities in your tax information so that you don’t end up paying more than you owe. We work hard to stay up-to-date with the latest tax laws and will ensure all of your filings are done in accordance with the current statutes. Additionally, if the IRS is auditing your books or you have tax debt, we can step in to negotiate a solution that will help you clear your debt and secure your financial status.
Heller & Filippone, LLP serves both businesses and individuals and has decades of experience. Our strategies are tailored to your situation and goals in mind, helping you deal with current compliance while working toward long-term success.
The government requires that you file specific returns based on your income. Failing to do so completely and accurately may subject you to penalties. Tax preparation helps you avoid paying penalties or facing other legal measures for tax delay or evasion by ensuring that your tax forms are compliant, correct, and filed on time.
As an individual, all of your liquid (and most illiquid) assets must be considered in your tax filing. This can include everything from bank accounts to investments, property, and more. Whether you have a spouse or dependents will also affect your tax returns, especially if you share custody. With so many factors to keep track of, it can be easy to overlook something, which leads to both unintended errors and unclaimed exemptions.
Having a professional CPA to look over your whole financial situation can make a world of difference for your tax experience. We take the burden of filing off your shoulders, strive to complete your form accurately, and identify hidden savings to ensure that you only pay what you owe.
Our CPAs have years of experience working with individuals who often have complex tax filing requirements, including professionals such as doctors, dentists, realtors, and high-net-worth individuals. No matter how large and involved your tax filing is, we have the skills and up-to-date knowledge to help simplify and optimize your tax filing.
Small businesses are often targeted for cases of late tax payments and tax evasion. If you are a small business owner, you already have a lot to manage in running your business without the time and stress of tax filing on top of it. Hiring an experienced accountant to do it for you can save you a lot of trouble in the long run. Some of the benefits of working with Heller & Filippone, LLP for tax preparation include:
Saving Money – There are complex tax laws that apply to small businesses, and these can change abruptly from year to year. Familiarizing yourself with these laws can be a difficult task on top of running a business. Setting out to prepare taxes on your own can lead to huge penalties if you miss something or misrepresent information. You may also miss out on deductions, exemptions, or credits you didn’t think you qualified for or weren’t aware of. Many businesses find that the savings they achieve outweigh the cost of bringing in a professional for tax help.
Saving Time – As a small business entrepreneur, you are not only the owner of the business, but possibly the manager, accountant, and many other professional hats. Having a CPA you can rely on to organize your records, complete your tax form, and file gives you peace of mind and lets you focus on running your business or simply enjoying more time with the things and people you love.
Dealing with the IRS – While having your taxes professionally prepared will reduce your chances of being audited, it can still happen. Most audits involve tax forms filed years earlier. If you are audited or owe back taxes, we can represent you before the IRS, organizing and sending requested documents, reviewing their findings, and negotiating on your behalf.
As an experienced CPA, we are in the business of preparing and filing taxes. Most of the tasks you find to be overwhelming, such as organizing tax information, noting deductions, credits, or incentives, and developing tax strategies, you can count on us to resolve them effectively and quickly.
We will not only help you spot common errors but also take advantage of tax cuts or incentives. We are also up-to-date with changes in tax laws and how they affect your business.
As CPAs, we’ve received the highest tier education and certification for accounting. We take our work seriously, and you can expect us to do the same for your business or personal tax returns.
Additionally, we’ll advise you on the appropriate time to purchase large assets, upgrade equipment, or give to charity. With a well-calculated timeline for transactions, you will be able to make tax-savvy decisions and protect your bottom line.
One of the basic elements of tax planning for your business is saving on sales and payroll taxes. Most states require you to collect sales taxes and remit them, which can be especially tricky for multi-state business transactions. We help to ensure that you stay in compliance and keep collected sales tax out of your larger cash pool so that you don’t find yourself short when it comes time to file.
Tax planning services enable you to enjoy various opportunities for saving money and time. We will capitalize on all the discounts, deductions, tax credits, and any other strategies that help you legally lower your tax liability. Moreover, you do not have to spend countless hours reconciling financial reports, checking for errors and omissions, and ensuring you fill in the correct information in the tax forms. We bear the whole burden of tax planning and preparation, leaving you time to attend to other business affairs.
One of the benefits of having a CPA instead of a standard accountant or tax professional is that we can understand all the financial aspects of your business and how they interact. For tax planning to be truly effective, we need access to accurate information provided through solid accounting and bookkeeping practices.
Tax planning and business consulting regularly go hand-in-hand. We evaluate how various goals and business decisions will be impacted by taxes and help you identify when and how to implement your plans effectively. This insight may even help you to decide between acting on or declining certain opportunities for the greatest benefit to your business.
NGOs can also benefit from our services. As a nonprofit, your tax-exempt status is vital to helping you meet your goals and serve the greater good. However, it also means you face very strict guidelines for tax filing and must be careful to stay in compliance or risk losing this status.
We help you organize your information and look for risk factors that may threaten your tax exemptions. With our insight, you can quickly correct issues and ensure that your organization can pursue its mission for many years to come.
Tax resolution involves settling grievances between taxpayers and the IRS. We act as mediators between the IRS and you, applying our knowledge of your situation and the IRS standards to establish a solution to your crisis.
Tax resolution can help you resolve your tax debt through a manageable payment plan or compromise. With our help, you can get out from under tax debt and avoid greater fines, helping you to get back to solvency and on with your life.
The first thing we will do is to review your tax information to get a clear picture of your financial situation. This review will help us pinpoint any errors, omissions, or any unfair claims. We will also apply the tax laws that apply to your solution to develop a payment strategy. Some of the strategies we will use to offset your tax debt include:
An IRS tax audit is performed to determine whether there are discrepancies in your tax filings. One of the major discrepancies may be non-filed returns.
We help you with an audit by presenting all the information requested during the process. We’ll review the IRS’s findings and verify whether these conclusions reflect the information gathered in the tax and financial statements. If you owe the IRS, we can negotiate for a reasonable payment plan based on your financial situation.
Whether you’re filing for yourself and your business, knowing that your taxes are compliant, accurate, and filed on time comes with invaluable peace of mind. With our tax expertise, we can make the process as streamlined and painless as possible. Heller & Filippone, LLP is here for you whether you’re filing quarterly or yearly, and we’ll help you understand your taxes so that you aren’t caught by surprise.
Experience the difference a professional tax expert can be for you. Contact our office to schedule your consultation today!
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