Question 1

How much does professional tax preparation cost for small businesses?

Accepted Answer

The cost depends on your specific situation and complexity of services needed. Basic small business tax preparation typically ranges from $300-500, while tax resolution services vary based on the scope of work required.During your free consultation, we provide transparent pricing based on your actual needs. Unlike national chains that use one-size-fits-all pricing, we evaluate each situation individually. You'll know exactly what you're paying for and why before any work begins.Many clients find that professional preparation actually saves money through proper deductions, credits, and strategic planning. The cost of mistakes or missed opportunities often exceeds the investment in professional services, especially for businesses with complex situations.

Question 2

What happens if I receive an IRS audit notice?

Accepted Answer

Don't panic - audit notices are more common than you think, and most result in manageable outcomes when handled properly. The key is responding promptly and having professional representation throughout the process.We immediately review the notice to understand what the IRS is questioning and gather all relevant documentation. Then we communicate directly with the IRS on your behalf, handle all correspondence, and represent you during any meetings or examinations.Most audits involve documentation requests rather than in-person meetings. With proper preparation and professional representation, the majority of audits conclude with minimal additional tax owed or sometimes even refunds when overlooked deductions are discovered during the review process.

Question 3

Can you help with back taxes and payment plans?

Accepted Answer

Yes, resolving back taxes and establishing manageable payment arrangements is one of our core specialties. We work with both the IRS and Pennsylvania Department of Revenue to find solutions that fit your financial situation.Options include installment agreements, offers in compromise, penalty abatements, and currently not collectible status for qualifying taxpayers. We evaluate your financial capacity and negotiate terms that allow you to resolve your obligations without creating undue hardship.The process typically involves stopping collection activities, negotiating payment terms, and establishing a plan for future compliance. Many clients are surprised to learn they qualify for programs they didn't know existed, often resulting in significantly reduced payment amounts or extended payment periods.

Question 4

How do I know if I need professional tax help?

Accepted Answer

If you're losing sleep over tax issues, receiving IRS correspondence, or spending significant time trying to understand tax requirements, professional help makes sense. Business owners especially benefit when dealing with employee taxes, multiple income streams, or complex deductions.Warning signs include notices from tax authorities, penalties and interest charges, unfiled returns, or uncertainty about compliance requirements. If you're spending more time on taxes than on growing your business, that's another clear indicator.The free consultation helps determine whether professional services make financial sense for your situation. Sometimes simple guidance is sufficient, while complex situations require ongoing professional management. We help you understand the difference and make informed decisions about your tax strategy.

Question 5

What makes you different from national tax preparation chains?

Accepted Answer

We specialize in problem-solving rather than just form completion. While national chains focus on volume and basic preparation, we handle complex situations that require expertise, negotiation skills, and personalized strategies.Our team works year-round on tax resolution, not just during tax season. This means deeper expertise with IRS procedures, Pennsylvania tax requirements, and local compliance issues. You work with the same professionals who understand your situation rather than different preparers each visit.Our approach is consultative rather than transactional. We take time to understand your specific circumstances, explain options clearly, and develop strategies that address both immediate problems and long-term tax planning. This often results in better outcomes and fewer future problems compared to cookie-cutter approaches.

Question 6

Do you handle both personal and business tax issues?

Accepted Answer

Yes, we provide comprehensive services for individuals, small businesses, and situations where personal and business tax issues overlap. Many small business owners face interconnected tax challenges that require coordinated solutions.This includes sole proprietorships where business and personal taxes are filed together, partnerships with complex distributions, and situations where business problems affect personal tax obligations. We understand how different entity types create different tax requirements and compliance obligations.Our integrated approach means you don't need separate professionals for personal and business issues. We coordinate all aspects of your tax situation, ensuring strategies work together rather than creating conflicts between different areas of your financial life.

Tax Preparation La Anna, PA