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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

Accounting professionals in Rancho Cucamonga, CA offer excellent audit services

Accounting professionals in Rancho Cucamonga, CA offer excellent audit services

The respected accounting professionals at Whyte & Associates, Inc. understand a tax audit can make people nervous. You can rest assured that our team cares about your personal and professional financial wellbeing. We offer excellent audit services in our Rancho Cucamonga, CA office to help you regardless of the business you operate or the status of your personal finances. Before meeting with the auditor, we will help you thoroughly review the tax returns to be audited. We will help you organize your records for the auditor in a logical fashion. We understand tax law. We will help show an auditor … Continue reading

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

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

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

Rancho Cucamonga accounting firm explains the importance of business auditing services

Importance of Auditing Services for Business Rancho Cucamonga area

The word “audit” can strike dread in the hearts of business owners or managers. It conjures images of IRS agents camped out in corporate offices, combing through the books, questioning every transaction. In reality, however, the importance of auditing is for evaluating the effectiveness of internal controls in your company. Regular auditing from Whyte & Associates, Inc. in Rancho Cucamonga can help you avoid an unpleasant IRS scenario, and these services provide many additional benefits in managing your enterprise. Importance of auditing services in Rancho Cucamonga to meet business goals You have ambitions for the success of your business, and … Continue reading