Examples of successes by working with a CPA with a business focus on the bottom line.
Mediation of Unpaid Taxes
A medical billing company faced a critical challenge with several years of unfiled tax returns and overdue payroll taxes, threatening its financial stability and reputation. The accumulated unfiled returns and unpaid taxes exposed the company to severe penalties and potential collection actions from the IRS and California Franchise Tax Board (FTB).
To avoid further complications and ensure continued operations, it was imperative to address these issues promptly. We intervened as a mediator between the company and the taxing authorities, bringing the company current with tax filings and establishing a payment plan acceptable to both the IRS and FTB, while also being manageable for the company, allowing it to focus on growth.
Audit Saves Millions
Success Story for sales tax audit consulting for a fortune 500 Company in the entertainment industry. The audit was conducted in the California headquarters by the New York State Department of Taxation and Finance. The audit lasted for 3 months, and I saved the company about $11.5 million. While I was there, I consulted in streamlining the recording and reporting Use Tax Liability and related Sales & Use Tax research.