MSM Advisors is a trusted and experienced CPA firm that provides professional tax services for small to mid-sized businesses.
Tax regulations are constantly evolving, creating ongoing challenges for small to mid-sized businesses to stay on top of preparing tax returns and forecasting for future tax seasons. Unlike many accounting firms, MSM Advisors offers year-round professional tax support and tailored solutions to help ease the burden of tax compliance. Our approach and emphasis on your unique requirements ensure that you are an integral part of the process that extends beyond a traditional tax season.
Tax Preparation
Navigating tax preparation and filing can be a daunting task for business owners, with complex tax forms and convoluted instructions that can leave even the most seasoned individuals feeling overwhelmed. At MSM Advisors, LLC, we understand the challenges of tax regulations and compliance. We take the burden of tax preparation off your shoulders to ensure your taxes are processed accurately and primed for maximum tax savings!
MSM Advisors Tax Services
- Prepare all forms and ensure all the numbers and calculations have been recorded accurately
- Thoroughly examine records to make certain you receive the maximum possible deductions and credits
- Review payroll withholding to ensure you aren’t overpaying (or underpaying) each tax authority
It is essential to keep good records and have them available for your tax preparation consultation.
Tax Forecasting
Many business owners do not fully understand tax liability and that operational decisions and changes they make in their business can have direct implications for their future taxes. MSM Advisors has over 30 years of experience with the intricacies of tax law and expertly applies their knowledge to your unique business to minimize your tax liability.
At MSM Advisors, we take the time to get to know you, your business’s financial posture, and your goals, to forecast a tax strategy that ensures you do not overpay taxes. Our goal is always to minimize your tax obligations and keep you in good standing with the government.
Here are just a few examples of tactics we may utilize to minimize your tax liability:
- Find tax-advantaged investments that will allow you to defer or eliminate tax liability
- Capitalize on tax credits
- Redistribute income or expenses from one year to another so lower tax rates apply
- Closely monitor and identify all expenses that are eligible for deductions
- Determine how changes in tax regulations and programs may offer your firm a tax advantage
Tax Complications
Properly preparing and filing your taxes is a priority for every business owner. However, we understand that sometimes problems with your taxes can arise – particularly for small and mid-sized businesses. Whether you haven’t filed your taxes for a year or more, you’ve failed to remit the taxes for your payroll, or you haven’t had the funds to pay your tax liability, we can help get your business back on track.
Resolutions for past tax mistakes can often be negotiated with pursuing institutions, but business owners typically don’t have the knowledge, time, or experience to handle these negotiations properly themselves. Throughout the process you are following to resolve a tax problem, we can help to ensure you are treated fairly and according to applicable tax laws.
Some ways MSM Advisors can help with complicated tax issues are:
- Review your prior tax years and verify that previous tax filings have been submitted accurately
- Negotiate payment plans through the tax authority to resolve your debt, protecting you from the routine contingency plan of asset seizure
- Explore the potential for a settlement on your tax debt for less than the full amount owed. (Eligibility for this option depends on the tax authority’s determination that your offer is the most they can collect within a given time.)
- Facilitate the acquisition of IRS Innocent Spouse Relief to protect you even if your spouse or former spouse has failed to report income or claimed inaccurate deductions in their taxes
- Give financial and discretionary guidance on how to move forward with bankruptcy filing
If you have already been targeted for an IRS audit, we can serve as your representative and advisor throughout the process. Our expertise and experience can help you rest assured that you aren’t caught off guard with unexpected or undeserved fees and penalties by the end of your audit.
MSM Advisors can provide Tax Services for your business.
Let’s schedule a complimentary consultation to see if we are a good fit for your business
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