Corporate Tax Services
Areas of Corporate Specialization
The entire operation of Phoenix Accounting Services, is rooted in a tradition of meeting the highest standards of accounting practices. Although we specialize in Small Business Tax Accounting, we also provide Corporation Tax Accounting and Services to include: "Specialized Business Accounting Services", "Strategic Tax Planning", "Financial Planning Services", "Auditing Services" and "Consulting Services". _________________________________________________________________________
WHO MUST FILE TAXES?
All corporations who have been in existence since the beginning of the tax year or any part of the year, including corporations in bankruptcy, must file an income tax return whether or not they have taxable income. If you have a US Company doing business in the US, your company is subject to IRS tax rules. If you are not a resident of the US, and you own a US company, or are a foreign company doing business in the US, then your company is also subject to United States IRS tax rules.
Bookkeeping and Payroll Services
All companies whether a Corporation or an LLC must keep financial records. It can be extremely difficult to keep a business running without proper bookkeeping. Our Accounting experts can provide quality and reliable bookkeeping services. If you have employees working on salary taxes must be deducted and reported to the IRS on a quarterly basis.
Our Accounting Department offers a wide range of accounting services to corporate businesses. To help you keep records, Phoenix Accounting Services is a Quickbooks Advisor. By engaging in the services we offer, we will then be able to help you and your business create and implement financial strategies to achieve your goals.
Audit & Appeal Representation
We possess the expertise and experience to represent taxpayers before tax authorities. Our tax professionals understand the dispute resolution and appeals process and work diligently to obtain you the most favorable results.
Business Succession Tax Planning
You spent your life building your business and now you want to pass it on to the next generation or sell the value you built. We advise businesses on the proper succession planning to preserve your family and business legacy while also looking out for potential tax consequences that may result.
Other Tax Services
Financial accounting for income taxes can be complex. Our professionals have the technical skills and experience to help our clients navigate through these complex requirements and create efficient income tax accounting and reporting. We also help companies stay up-to-date with regulatory guidance and disclosure requirements. The services we offer allow our clients to minimize year-end surprises and reduce risk related to reporting. These services include:
We keep our clients up-to-date on the latest federal and state tax issues through newsletters, website postings and face-face to meetings. By staying ahead of tax issues, we can communicate how they will impact your operations quickly and address them in a timely manner.
Estate and Trust Tax Services
If you have not considered what will happen to your hard earned assets as you age and eventually pass on, you should. Without an estate plan, the wealth you worked your entire life to build will be distributed according to state law and not according to your wishes. Estate planning is crucial if you want to minimize taxes and distribute as much as possible to your preferred beneficiaries.
We will work with you to design an estate plan customized to your particular needs by utilizing a variety of planning vehicles such as family limited partnerships, trusts and charitable entities. Our team can assist you by performing the following:
Review - Limited Assurance
Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.
A review doesn't require us to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.
Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit.
Disclaimer: Phoenix Accounting Services in not a Certified Public Accountant Firm. We cannot directly perform Audits or Reviews. However, we have built alliances with several Certified Public Accountant Firms. Working with these alliances we can refer you to a CPA who can provide Audit and Review Services. By working within these alliances we can usually reduce the Audit and Review Services fees.
Business valuations enable you to accurately determine the value of a business and its components. It is essential that you know what a business is worth whether you are buying, selling, involved in litigation or planning your estate. Our highly trained and experienced professionals work with attorneys, other accountants and financial institutions to ensure you are represented fairly. Our business valuation team is comprised of Certified Valuation Analysts (CVA), Accredited Senior Appraisers (ASA) and accountants Accredited in Business Valuation (ABV). Additionally, they are experienced in testifying in both Federal and State courts.
Business Location #1
Phoenix Accounting Services
5501 N 7th Ave, Ste 103
Phoenix, AZ 85013
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Business Location #2
Phoenix Accounting Services
1550 E University Dr, Ste 2L,
Mesa, AZ 85203
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