Highly successful businesspeople, top-notch corporate executives and wealthy individuals don’t take chances with their tax returns. That’s why they regularly hire the best NYC tax accountants to prepare their taxes. Sometimes, that’s not enough. If you’re worried about your taxes, hire a professional, third-party accountant to do a tax audit
In 2015, the IRS audited only one percent of returns from people earning less than $200K. If you earned $1 million or more, the rate of IRS audits increased to more than 12 percent. Also, the more income streams you have, the more difficult it may be to be certain that you report all your earned income. These are just several of the IRS audit triggers.
TAX AUDIT HELP
Tax problems in the world of high finance are not rare occurrences especially in New York City; in fact, they happen all too often. You need to arm yourself with a dependable tax team that has experience dealing with complicated tax returns and six-digit incomes. You need the expertise of a personal accountant who looks beyond the numbers on the page to find ways to make your money work for you, not against you — not just during tax season, but all year long.
In addition to hiring the best tax accountants in NYC, you can take other steps to ensure your tax returns remain problem-free:
- Seek tax planning advice, which gets you thinking about your taxes throughout the year.
- Keep your finances straight with small business accounting services from a seasoned pro.
- Make sure you’ve filed all returns and paid your back taxes.
- Commission a tax audit to examine your tax return before it’s filed with the IRS.
WHY A TAX AUDIT IS A GOOD IDEA
If you’re worried about your taxes, hire a professional, third-party accountant to do a tax audit in NYC; it will reassure you. It’s basically like a dry run, except instead of going through the IRS audit process, you go through it with an independent New York accountant who has your best interests in mind. That doesn’t mean a tax audit from Miller & Company with offices in NYC and Queens isn’t thorough, however. All audits:
- Have to follow strict guidelines
- Are the most intensive review of your tax records available
- Verify all financial information reported
- Check for any missing income
- Investigate every deduction taken
- Ensure that your tax returns are bullet-proof
- Take a big-picture view of your finances to develop an encompassing strategy
Tax audits take time and they’re not inexpensive. When you consider IRS audit penalties and the disruptions to your business and your life from an IRS audit, you’ll realize that a tax audit from Miller & Company located in NYC and Queens is money well spent. The results of the audit get reported directly to you, not to the IRS, so you can take the recommendations before the IRS even sees your tax returns.
GET A TAX AUDIT FROM MILLER & COMPANY
NYC CPA firm Miller & Company is one of the best accounting firms in Manhattan and the New York metropolitan area. They serve high net-worth individuals, top-ranking executives and highly successful businesspeople. Their CPAs also provide small business consulting services, so they think in terms of best practices and successful outcomes. They have a track record that’s unparalleled when it comes to saving money for wealthy individuals and thriving businesses.
When the NYC tax accountants perform a thorough tax audit, they have to follow Generally Accepted Auditing Standards (GAAS). There are no shortcuts to doing an audit, and the more complicated a tax return, the more thorough the audit. When you hire professional CPAs like those at Miller & Company, they not only double-check the numbers on your existing tax return, but they also ask questions that may save you money.
When your personal CPAs deliver your audit report, you can rest assured that no stone has been left unturned. If you follow the recommendations when you do file, you can feel confident in submitting your returns to the IRS. You may still hit the IRS audit triggers — you can’t avoid them if you’re earning $1 million or more — but your tax return will pass any IRS audit process.
Read more at https://www.cpafirmnyc.com/tax-audit
Monday – Friday: 9:00 am – 7:00 pm;
Saturday: 9:00 am – 4:00 pm,
Payment: cash, check, credit cards.
Miller & Company LLP
141-07 20th Ave, Suite 101,
Whitestone, NY 11357
Miller & Company LLP: CPA of NYC
Midtown Manhattan, NY
274 Madison Ave, Suite 402,
New York, NY 10016
18 East 48th Street, #1001
New York, NY 10017
700 Pennsylvania Ave, SE, Ste 2050
Washington, DC 20003
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