Khamas Tax & Accounting Services

IRS REPRESENTATION / IRS AUDITS

An Expert in Everything You Need An audit can be a tedious and a complex process that most do not have the expertise, resources or time to properly manage on their own Often times an audit involves numerous requests for records, information and other materials to substantiate various items reported on the tax return This process is often draining, distracting and leaves you unfocused on your daily tasks

“Doing it alone” with the IRS is usually not the best approach It’s often more effective to work with an accounting partner that can manage the process To help relieve you from this burden, Khamas CPA will prepare a Power of Attorney, walk you through the Audit process, address requests for documentation, carefully review IRS questions and formulate responses, file any prior year tax returns, and work closely with the IRS to reach an optimal resolution

COMPANY FORMATION / LLC / S-CORP

A Wide Range of Services Forming a Corporation provides limited liability protection to their owners Typically, the owners are not personally responsible for the debts and liabilities of the business; thus, creditors cannot pursue owners' personal assets, such as a house or car, to pay business debts

Khamas CPA will help you file:

• All initial Secretary of State and Corporation Commission fees, such as Filing initial CA Forms
• Preparing standard form Charter Documents such as Articles of Incorporation (or Operating Agreement, if needed)
• Obtaining Federal and State Employer ID numbers
• Prepare Corporate Dissolution Documents

Business licensing requirements are unique in every state, county, city and municipality; making it difficult to determine what applications, licenses, permits and tax registrations are required to operate your business Khamas CPA can assemble a comprehensive package of all licenses and permit applications required and send them to you electronically We understand license and permit requirements, rules & regulations, statutes, licensing authority contact information, permit forms, instructions, schedules, and other associated documents Khamas CPA is in constant contact with every licensing authority, staying on top of the many constant changes, and bringing our clients the most up-to-date license and permit data

LIVING TRUST / LIVING WILL

Your Last Will Should Be Your First Wish

Personal Net Worth Statement

Your Finances Are Your Ultimate Concern Personal financial statement provides a realistic listing of the assets you own and the debts you owe It is a snapshot of an individual's financial health at one particular point in time It is also a planning tool to show you indicators of the amount of liquid assets (for emergencies) or that investments are too heavily concentrated in one area

Having a Personal Net Worth Statement prepared by Khamas CPA, can help you secure a loan for you or your business, show the dollar value of what you own and what you owe, highlight the importance of debt reduction, and make sound financial decisions based on your current financial standing

Converting Your Financial Data into Financial Statements You may be considering business expansion or acquiring a new business Such action usually requires the preparation of a forecast or projection A compilation report would be issued with the forecast or projection since the financial information would be based on the representations of management

401K / IRA FORMATION AND ROLLOVER

Retirement Planning Is Everyone's Priority American workers are delaying retirement because they haven’t saved enough over the years Khamas CPA can help you plan for retirement, start a 401 (k) plan, or Rollover a current retirement plan Also, the set up of an IRA account, as well as 529 College Savings Account for your kid's future education The earlier you start saving for retirement, the more tax advantage you will have, and the more your money will be compounded over time

Khamas CPA will help you set up an IRA or a 401K for you and for your employees We will also determine the best pool of funds to invest in, taking into consideration several key parameters We will make investing easy for you, and for your employees as well