Hewitt, Heerschap & Couch, PC

Here are a few of the benefits you’ll reap when using our service:

• We’ll prepare all of the appropriate forms and record all figures and calculations accurately
• We’ll make sure that you receive all of the deductions and credits to which you are entitled
• We’ll file your return electronically to speed delivery of refunds
• We’ll work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less
• We’ll show you how to adjust your finances to take advantage of tax benefits on future returns

Are you a sole proprietor? Have you been so focused on your business that you haven’t paid close attention to your books? No worries! We'll tidy things up and prepare your Schedule C as part of your personal income tax return Then we'll help you set up an easy system to keep your books current going forward

• Splitting income among several family members or legal entities to take advantage of lower income tax brackets
• Shifting income or expenses from one year to another when it can yield a lower tax rate
• Deferring or eliminating tax liability through use of tax-advantaged investment vehicles
• Tracking all expenses eligible for itemized deduction
• Taking advantage of tax credits
• Adjustment of payroll withholding Even if you have not been targeted for an IRS Audit, you may be aware of problems that will catch up with you eventually Common examples include:
• Missed tax filings for one or more years
• Insufficient funds to pay the tax liability when due
• Failure to remit payroll taxes We’ll work with you to review your prior tax years and make sure that all of your tax filings have been submitted accurately If you don’t know what’s included in your tax record, we’ll help you get copies from the tax authorities without raising any "red flags " We'll assess your tax liability and the associated interest and penalties Then, we’ll work with you on an approach to negotiation

It is far better to face your problems than to wait for them to land on your doorstep We’re here to help in any way we can

• Settle your tax debt for less than the full amount owed if the tax authority deems your offer to be the most they might collect within a reasonable time period
• Payment Plan to resolve debt
• This approach protects you from asset seizure to settle your obligations
• It may be possible to secure relief on penalties and/or compound interest
• The IRS provides Innocent Spouse Relief when for an aggrieved party when his or her spouse or former spouse failed to report income, reported income improperly, or claimed improper deductions or credit
• If circumstances do not lend themselves to a negotiated settlement, then it may be necessary to seek protection through a Bankruptcy filing

Businesses of all shapes and sizes depend on accurate, insightful financial information to manage their day-to-day operations, capitalize on opportunities, and sustain profitability We lend our expert support to meet your accounting needs so that you can focus your time and energy on building a strong business

We’ll create and maintain a chart of accounts to capture all of your financial transactions, provide the right information to manage your business, and prepare federal, state, and local tax returns Through periodic internal audits, we’ll identify and resolve discrepancies (e g , double billings, unrecorded payments) to ensure that you have a complete and accurate picture of your financial position

While a clean set of books is a key objective for every accountant, it’s also important to match the accounting records with the monthly bank statements Our bank reconciliation services ensure that every deposit and withdrawal aligns with entries into your accounting records This assessment enables us to identify lost deposits, lost checks, unauthorized transactions, and inappropriate bank fees It triggers investigation into any fraudulent activity (identity theft, forgery, embezzlement, etc ), and expedites restitution And it gives you a clearer picture of your cash position for addressing planned outlays and investments

We can prepare a complete set of financial statements to help you assess the health of your business This package includes:

• A Balance Sheet that gives you a snapshot of your overall financial condition at month, quarter, and/or year end
• An Income Statement (a
• k
• a
• Profit and Loss Statement) that summarizes revenues, expenses, and net profits so you can assess the operating performance of your business