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4-plus triggers for an audit; how our services in Rancho Cucamonga, CA support your small business

Posted By: | Published On: | Audit
Small Business Audit Services at Whyte & Associates in Rancho Cucamonga Area

The word “audit” inspires fear among many people. However, when it applies to businesses, there are many reasons the process may be needed. Your income tax accounting and payroll services partner, Whyte & Associates, Inc., provides prompt small business audit services in Rancho Cucamonga, CA, that are suited to your unique needs. Here are just a few of the reasons a business may be audited: Financial institutions may require an audit as part of a loan. In other words, banks might review financial statements and notes associated with those statements to confirm that you meet various benchmarks to determine your … Continue reading

The benefits of working with business audit professionals in Rancho Cucamonga

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Business Audit Professionals at Whyte & Associates Inc in Rancho Cucamonga Area

“You are being audited.” It is a phrase that no business owner or executive wants to hear. However, it does not have to be a stressful and confusing ordeal, because you do not have to face it alone. The experienced business audit professionals at Whyte & Associates, Inc in Rancho Cucamonga are here to help! What is an audit? Your first questions might be what exactly an audit is and what is going to happen. The answer is: it depends. There are many types and levels of audits, with different processes and risk levels. A business audit may mean: Internal … Continue reading

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

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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

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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

Posted By: | Published On: | Audit

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 Audit Assistance Is Available to Those in Need in Rancho Cucamonga

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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

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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

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

Posted By: | Published On: | Audit, Blog
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

Worried about a tax audit? Rancho Cucamonga, CA, experts can a provide business account review

Posted By: | Published On: | Audit, Blog
Business Meeting, Whyte & Associates, Inc.

Even if you’re sure your records are in order, tax audits can be stressful and overwhelming. Therefore, many companies in Rancho Cucamonga, CA, reach out to Whyte & Associates for a business account review. Whyte & Associates professionals know that the IRS uses a computer program to analyze returns, those returns with statistical outliers are often flagged. There are some common areas that are most likely to cause a flag by the computer program, including: A higher than average income. Less than 1 percent of individuals making less than $200,000 a year are audited. Individuals who make more than $1 … Continue reading

Rancho Cucamonga business auditors help small businesses avoid IRS audits

Posted By: | Published On: | Audit, Blog

During tax season, IRS agents review tax returns that are submitted by individuals and businesses. Most tax returns process without incident; however, if an agent spots something abnormal, it can trigger an IRS audit. While undergoing an audit does not mean that there will be additional monies owed, most individuals and businesses would rather avoid the process. The professionals at Whyte & Associates in Rancho Cucamonga have helped countless businesses prepare their taxes. They have a solid understanding of state and local taxes. They provide the following tips to avoid an IRS business audit: File a complete income tax return. … Continue reading