Paying taxes is something every small business owner dreads and wants to avoid. Your tax liability includes city, state and federal tax obligations, payroll taxes, franchise and sales taxes. Meeting your obligations requires record-keeping, planning and up-to-the-minute knowledge of the ever changing, increasingly complex tax code.
A great tax accountant can use his knowledge to negotiate a complex web of laws and regulations in a way that minimizes your liability, saving you real money. A really great tax accountant will also look ahead and put a strategic plan in place that minimizes your liability for years to come and takes advantage of every opportunity the law affords you.
Everyone knows about payroll taxes, income taxes and most state levied taxes. However, we routinely encounter clients who are unaware that there is a business tax levied by their city and or county government. We once had a client who opened an office in Beverly Hills. We advised the client to register with the city and he did not. One day, the local tax agent showed up with a $10,000 invoice for an office with three people and no revenue.
From our La Jolla headquarters, Witt & Associates has helped entrepreneurs and small businesses in San Diego and across the country to use tax law in their favor while they meet their legal obligations.
Our clients include corporations, partnerships, LLC's & LLP's, and individuals both within California and across the country.
We can work with input from any accounting system; or we can design and install flexible information systems, providing technology consultation and support. We'll even train your personnel on your new system.
Our toolkit for return preparation is extensive. We maintain a repository of every tax form required by every regulatory agency or municipalities that our clients operate in. We utilize Intuit's Pro-Series tax software for 1040's, 1041's, 1065's, 1120's and returns for all 50 states.
We maintain a license with Commerce Clearing House online tax service where we have triggers set to alert us to changes in tax laws whereever our clients operate. We utilize this same service to send out timely, relevant and informative information to our clients about upcoming changes in the tax law.
We are skilled in working through complicated matters with Internal Revenue Service agents and have assisted many clients in their dealings with the IRS. We have developed a level of competence that will ensure that our client's facts are accurately presented and rulings properly negotiated.
If you are faced with an audit, we'll step in and defend your interests effectively and definitively, compiling the information that presents you in the best light.