The Internal Revenue Service sees it all: almost every way a return could be filed erroneously or vital items could be missed. And, throughout our nearly 70-year history as a full-service accounting firm in Rancho Cucamonga, California, we have “seen it all,” too. Your personal financial health and overall well-being can benefit from this substantial experience during “tax time” and beyond. Our tips and guidance are not limited to a season; we work with you throughout the year. So that way, nothing falls through the cracks. We can identify all potential tax-saving credits and deductions and also ensure everything is completed properly, on schedule, and fully to avoid costly penalties and fees.
This is a common error. Do not make the assumption that filing isn’t applicable to you and your situation. If you don’t file, you could miss out on all sorts of opportunities to better your financial circumstances – via refunds, credits, and other incentives.
This is not something you want to do, nor something you want to second-guess. You want to be as precise as possible here. Otherwise, you could be subject to state and federal penalties when you withhold income or do not accurately report it. By getting all receipts and documentation in plenty of time, there is no rush to file, which helps to ensure nothing is missed, and there are no mistakes related to reporting your earnings.
Expect to be hit with a penalty for filing after your respective deadlines. These fees are cumulative; the longer you go before filing, the more you will owe to the IRS due to penalties. Again, you benefit from our approach of partnering with you throughout the year to begin the process and to account for any changes that could affect your requirements/obligations and eligibility for credits and deductions.
As clients of Whyte & Associates, Inc., you never have to ask that question again. We don’t expect you to be “in the know” about every new opportunity to reduce your tax bill. That’s our job. By staying abreast of all changes in tax law and your personal and professional situation throughout the year, we are aware of all credits and benefits that would be relevant and appropriate for you.
Our reputation precedes us. For almost seven decades, we have taken the stress and anxiety out of tax season for our individual and business clients alike. We are teamed by Enrolled Agents. So, in the rare event of an audit, our EAs are in the best possible position to favorably represent you – on all tax-related matters and at all IRS offices. Due to holding this, we have unrestricted representation privileges, the highest distinction awarded by the IRS. Find out for yourself why so many of your neighbors in the Rancho Cucamonga, CA area trust their taxes and financial well-being to us. Call (909) 575-0080 to schedule your consultation today.
