Auditing services for your small business in Rancho Cucamonga provide the ultimate peace of mind

Business Auditors at Whyte & Associates in Rancho Cucamonga Area

“Audit.” The very mention of the word sends shivers up small business owners’ spines. The reality is, according to the IRS Data Book, small corps are far less likely to be audited than larger corps (.5% versus 6.2% of total returns are audited, respectively). Larger businesses tend to have more potential red flags on their tax returns than organizations and individuals with lower incomes, and resources are deployed toward audits among those higher-income corps as the juice may be more worth the squeeze. However, the greatest source of owners’ peace of mind comes from exceptional business auditing services in Rancho … Continue reading

How to prepare for a franchise audit of your Rancho Cucamonga business

Business Audit at Whyte & Associates, Inc. in Rancho Cucamonga Area

Owning a franchise has undeniable benefits, which many Rancho Cucamonga entrepreneurs find enticing. With a tried and true business model and established brand recognition, you can be up and running quickly. However, there are also distinct downsides to this business model, some of which can come as a surprise if you did not review the contract very carefully. For example, the franchisor can – and likely will – conduct a business audit periodically. What does that mean, and how can you prepare? What is a franchise audit? When you hear the word audit, you probably think of IRS. However, not … Continue reading

Services and representation for all types of tax audits in Rancho Cucamonga

Just the word “audit” can strike fear in the hearts of business executives and individuals alike. Do not worry, you do not have to face it alone. The top-notch professionals at Whyte & Associates, Inc. offer many types of audit services in Rancho Cucamonga, CA. We can help you understand why you are being audited, what to expect, and how to prepare. Types of tax audits There are several types of tax audits, with differing processes. In each case, the goal is to either verify that information on your tax returns is accurate or adjust if inaccuracies are confirmed. Correspondence … Continue reading

Professional accounting firm offers proven and trusted audit services near Fontana, CA

Professional Accounting Firm Offers Proven and Trusted Audit Services Near Fontana, Ca Area

There are not many things in this world more likely to induce a feeling of dread or anxiety than when you open a letter from the Internal Revenue Service (IRS) indicating that you have been selected to be audited. An audit by the IRS that results in a penalty can have a long-lasting negative financial impact on individuals and businesses alike. Because of this, an audit notice should be taken very seriously. Mr. Steve Whyte of Whyte & Associates offers professional audit services for those in need in the Fontana, CA area. Audits can have varying repercussions based on the … Continue reading

Professional Audit Assistance Is Available to Those in Need in Rancho Cucamonga

Small Business Auditing Services Provided by Whyte & Associates in Rancho Cucamonga, Ca Area

Taxes have been filed and you get that dreaded phone call. The IRS or some other franchisor is auditing your financial records. This is everybody’s worst nightmare as the auditing process can be incredibly confusing and intimidating. You have no idea where to even begin and feel like you have nobody to turn to. This doesn’t have to be the case. Mr. Steve Whyte of Whyte & Associates Inc. in Rancho Cucamonga, CA is here for you and would love to be in your corner as you are going through the auditing process. Whyte & Associates offer a wide range … Continue reading

Helpful Tips for avoiding a tax audit in Rancho Cucamonga, CA

Audit Service Benefits in Rancho Cucamonga area

We have all heard of somebody who is being audited. That audit may be coming from a franchisor or from a government agency, such as the Internal Revenue Service. Regardless of who is mandating the audit, it can be a confusing and scary process for the individual being audited. Now you are the one receiving a notice that you are being audited and you have no idea where to begin. That’s ok! Mr. Steve Whyte of Whyte & Associates Inc. in Rancho Cucamonga, CA is here for you. Mr. Whyte offers a range of services which will benefit those being … Continue reading

Rancho Cucamonga small business owners discover the benefits of business auditing services

Business Auditing Services Rancho in Cucamonga area

Owning a business is not easy. An audit is the last worry you want. Let Whyte & Associates, Inc. in Rancho Cucamonga ease your mind with business auditing services to keep your business running smoothly. Our team of professionals can analyze your finances and prepare you for an auditing examination. An audit involves a very detailed, methodical review, verification, and objective examination of your business financial statements. Specific information is verified according to the general practice of your business or the type of audit performed. An audit may be performed by the IRS or an independent auditor to ensure an … Continue reading

Understanding audit services offered in Rancho Cucamonga

Understanding audit services offered in Rancho Cucamonga

The term audit often brings worry or stress to business owners. However, stress can be eliminated with proper preparation and planning. Whyte & Associates, Inc. offers comprehensive business services including audit services in Rancho Cucamonga. By understanding the types of audits, the reasons for them, and how to organize your business, our team can lessen your stress when audits arise. Reasons and types of audit services Audit services are an accounting function for businesses. An audit is performed as an external review of a company’s financial or business information. There are several purposes including: Reviewing compliance with regulationsEnsuring the effective … Continue reading

Turn to your Rancho Cucamonga tax specialists for help with an audit

Accountant is highly desirable for small businesses located in the 91730 zip code.

Although most people fear a tax audit, this investigative process by the IRS occurs relatively rarely. If you have received a letter from the IRS, try not to panic. With calm assessment and professional assistance, your situation can be handled efficiently. Letters from the IRS do not always mean what you think. The adjustment letter. This is not a letter indicating an audit, but a letter that indicates there has been a change to either your refund or the amount owed in taxes. If the IRS notices a mistake in numbers on your form and sends you an adjustment letter, … Continue reading

Professional audit services for franchisees in Rancho Cucamonga, CA

professional audit services rancho cucamonga

Most often, when we hear the term “audit” we imagine a visit from a stone-faced, intimidating IRS agent. Business owners may face other types of audits. Whether you own a start-up or a franchise, you can benefit from the professional audit services available at Whyte & Associates in Rancho Cucamonga, CA. Franchising and royalty fees At the heart of the franchisor-franchisee financial relationship, is the issue of royalty fees. These fees are agreed upon and outlined in the franchise agreement. Fees are paid by the franchisee to the franchisor for the duration of their agreement. They are paid in exchange … Continue reading