Business Tax Services

 Business Tax Preparation

Every business wants to reduce taxes, but to do it correctly isn’t always simple. Tax strategies that often look good by themselves can be less sensible, even problematic in the context of your whole business.

Hamilton & Associates, Inc.s’ experienced taxation advisors are experienced at guiding business owners and executives through today’s complex tax environment. We focus on your total business picture, not just your next tax return. We will help you define the right tax position, designed to save you money, while meeting your larger business goals. Since we have over 32 years of experience, we see opportunities that other tax specialists might miss.

Another point that separates us from other tax specialists is that we work for you the entire year, not just during tax season. The federal, state and local tax laws are constantly changing and it’s our business to always monitor these changes and accurately interpret the law for our clients.

What can we do for you:

  • Tax Planning
  • Tax Preparation
    • Corporation
    • Partnership
    • Trusts
    • Estates
  • Tax Research and Consulting
  • Multi-state Business Operations
  • Local and State Tax
  • Local Property Tax Issues
  • States Sales Tax
  • State Income Tax Issues
  • IRS Representation

Tax Planning

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and pro actively recommend tax saving strategies to maximize you after-tax income.

We recommend Tax Saving Strategies that help you…

  • Grow and preserve assets by keeping Uncle Sam out of your pockets
  • Defer income so you can keep your money now and pay less taxes later
  • Reduce taxes on your income so you keep more of what you make
  • Reduce taxes on your estate so your family keeps more of what you’ve made
  • Reduce taxes o your gifts so you can give more
  • Reduce taxes on your investments so you can grow your wealth faster
  • Reduce taxes on your retirement distributions so you can retire in style

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Tax Problems

IRS Audit Representation

Nothing strikes fear in the hearts of people ore than receiving an IRS Audit letter in the mail. Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law.

Many taxpayers decide to handle a tax audit themselves, and may have been “penny wise,”avoiding a representative’s fee, but “pound foolish”, because they received a substantial bill for a significant tax deficiency.

You see, IRS auditors are trained to extract more information from you than you have a legal obligation to provide. IRS auditors know that most people fear them and are ignorant of their rights. As a result, they know they can use that fear and ignorance to their advantage.

Rarely do our clients even have to talk with the IRS. We handle it all for you so that you need not take time off of your business or job to handle the bureaucracy and paperwork of the IRS. No lost wages or business. You simply forward notification of an audit to us and we handle it from start to finish.

If you’ve received an audit notice from the IRS, please call us at 405-946-8500 to speak to a certified public accountant.

Non-Filed Tax Returns

If you delinquent in your tax filings, know that the IRS will find you out sooner than later.

Failing to file your tax return is a criminal offense. If you do not file, you can be prosecuted and punished with potential jail time, one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns.

If you voluntarily file your delinquent returns you’ll likely avoid further problems other than having to pay the interest and penalties. But if you wait for the IRS to file your returns, they are filed in the best interest of the government, usually with little or none of the deductions you are entitled to.

Let us help you get out of this predicament by filing the delinquent taxes and working on a course of action to help you get back on track.

Call us at 405-946-8500 to speak to a certified public accountant.

Offer in Compromise

Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.

The IRS Code states:”We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonable reflects the collection potential…”(Internal Revenue Code section 7122)

If done correctly your debt may be settled for a fraction of what you owe. The key is to determine the least amount that the IRS will accept from you before you make the offer.

Call us at 405-946-8500 to speak to a certified public accountant.

Payroll Tax Problems

The IRS views failure to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees’ withholding. Not paying your company’s payroll taxes is tantamount to stealing your employees’ money in the eyes of the IRS.

As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than other types of penalties. They can drastically multiply the amount you owe in a very short time.

If you are behind on reporting and/or paying payroll taxes for your company, BE CAREFUL!!! The IRS is extremely aggressive pursuing collection of this type of tax. They would rather seize your business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities.