Tax Representation in Oxnard: Do Not Face Your Audit Alone

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Audit defense, or tax audit representation, is where a tax professional stands on behalf of a taxpayer during an income tax or IRS tax audit. If you are audited by the IRS, to have tax representation in Oxnard may be crucial.

You’ve Been Audited, What’s Next? 

When an audit happens, don’t panic. Most audits are simply a letter requesting more information about your tax returns. In other cases, you may have to meet with an agent about your tax forms. Stay calm, don’t ignore the letter and write back as soon as possible.

Choose Tax Representation 

In some cases, an audit may be more complicated than sending in your 1099 forms. In these cases, look for an enrolled agent. Excella Tax, for instance, provides IRS audit representation in Oxnard. An enrolled agent has experience dealing with IRS and state audits. If you have never handled an audit before, this will make your experience easier. Many taxpayers become intimidated during an audit. A representative will ease your mind.

IRS representation in Oxnard takes some of the burden off the taxpayer. Tax representation helps prepare your case. In addition, if you have representation, you can trust that the firm has the experience and knowledge to ensure that you come out of your audit with success.

 

How You Benefit From the Responsibilities of a Tax Preparer in Oxnard

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A tax preparer in Oxnard must prepare and submit income tax returns to the IRS. Correct tax filing is crucial and mistakes incur penalties and late fees for the taxpayer. This is why it’s crucial for a tax preparer to earn a client’s trust. At the end of the day, a preparer’s responsibilities will benefit the client. Here is what they have to do.

Interview All Clients

Before filing a tax return in Oxnard, the preparer has to interview his or her clients fully. These questions will determine which forms they need to prepare. Some of the information gathered includes:

  • Annual income
  • Deductions
  • Expenses
  • Exemptions
  • Businesses owned

The more thorough the interview process, the more likely the tax preparer is to save the client the most money and to file the taxes accurately.

Gather All Financial Information

It is the responsibility of the tax preparer to collect all of the financial information. They will gather income statements, receipts, names and identities of dependents and any other necessary tax forms. As the client, you don’t have to worry about forgetting important financial information.

Complete All Tax Forms

The tax preparer will fill out all the forms and file the tax return in Oxnard. Some may utilize professional software to ensure that they file all forms and fill each one out correctly. Without software, the IRS offers fillable forms to perform calculations easily. The preparer will inform the client of tax refunds or the amount of taxes due. Once completed, it is up to the tax preparer to file the income tax return. This way, you don’t have to about late fees or slow processing times.

To hire a tax preparer in Oxnard takes a lot of responsibility off the client. It is up to the tax professional to go through the entire tax filing process. This takes a huge burden off the taxpayer because you don’t have to worry about getting everything right.

Services for More Than Just Tax in Oxnard

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To reduce your taxes, you need a tax preparer in Oxnard and Ventura County. Bookkeeping and tax firms prepare accurate returns and ensure that the clients receive maximum savings. In addition to your taxes, clients receive help with more than just their taxes.

Year Long Assistance 

When you hire a tax preparer during tax season, the specialist can only assist you with what you have already done. With assistance all year long, you can maximize your deductions as you go. Tax specialists will counsel you on the best practices for tax in Oxnard.

Bookkeeping Services 

If you own a business, you know how important accurate bookkeeping is. Unfortunately, you don’t always have a lot of time to dedicate to good bookkeeping practices. Administrative tasks can get in the way of perfecting your services or marketing your products. An Oxnard tax and bookkeeping services may take care of many of your bookkeeping services.

Here are some of the bookkeeping services that Excella Tax offers.

Cash Services 

  • Reconcile bank statements
  • Verify credit card deposits
  • Verify daily deposits
  • Process daily sales

Accounts Receivable 

  • Apply cash received to customer accounts
  • Maintain subsidiary receivable ledger
  • Account for revenue
  • Mail billings

General Ledger 

  • Input receivable transactions
  • Prepare financial statements
  • Prepare monthly and year-end closing
  • Prepare adjusting journal entries

Accounts Payable 

  • File 1099 forms
  • Request W-9 information
  • Maintain vendor files
  • Prepare vendor checks
  • Reconcile vendor statements

Payroll 

  • Prepare employee earnings and department payroll
  • Complete year-end W-2 forms
  • Respond to any payroll inquirers
  • Prepare, file and pay payroll taxes

These are some of the most common services requested of an Oxnard tax and bookkeeping services.

If you want help with your taxes, it makes sense to hire a professional. In addition, professionals are able to help with more than just your taxes. Instead, you can receive valuable bookkeeping and tax help throughout the year. Simply look for help with tax in Oxnard.

Tax Service in Oxnard

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Tax season is stressful. It’s worse when you go at it alone. Tax services in Oxnard share the burden with you. Specialists work tirelessly to maximize your tax savings. With their help, you can expect to pay the least amount of taxes. 

Tax Services Save Time and Money

Tax services in Oxnard are convenient and accurate. If you are alone, tax forms may take hours to read through. Then, you still have to analyze and fill out the forms. When added up, think about how much free time you could have had. If time is money, you waste more when you file alone.

The real savings come in the form of the errorless filing. Fees and fines are common when it comes to improper filing. Additionally, if you miss any tax deductions or tax credits, you end up overpaying. 

Deductible Tax Service Fees

Tax preparation fees are miscellaneous deductions. You may report them to the IRS. If a tax service in Ventura helps you, you may be able to deduct some of the fees. Your preparer will know which charges are deductible. For an example of common deductible fees, you have:

  • Mileage costs
  • Postage costs
  • Tax regulation books
  • E-filing expenses

For a rundown of deductible fees, consider a professional tax filing in Oxnard.

Extra Services With Tax Preparers 

Excella Tax helps with more than tax season. This tax preparation and bookkeeping firm has superior knowledge and expertise. The services that you can take advantage of are as follows:

  • Business consulting
  • Professional accounting
  • Advanced bookkeeping

Professional tax specialists can assist with a variety of bookkeeping and accounting struggles.

It is clear what a tax service in Oxnard can do for you. Tax season is unnecessarily stressful for most people. When you have a professional behind you, you can save time, money and take advantage of a variety of other services.

Top Three Reasons to Choose Excella Tax

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To use a tax professional to prepare your taxes is to save money on your taxes. Tax preparation services like Excella Tax utilize a variety of strategies to save you upwards of thousands of dollars. Specialists can prepare an accurate return that guarantees all possible credits and deductions end up taken out.

As tax time rolls around, there are three solid reasons to choose Excella Tax for your tax filing need.

Fewer Errors

The IRS has a list of common tax errors. These errors are as follows:

  • Computation errors
  • Simple math errors
  • Entering information on wrong line

Professional tax specialists are less likely to make simple mistakes on a return. Not only is a professional more accustomed to filing one, but also a professional will recheck when he or she is through with the form. Everything should be correct at filing.

Less Burden

Tax returns are complicated. To navigate through a tax return is time consuming and stressful. If you run a small business, you will have itemized deductions and will need to file several forms. Consider all of the work that you have to do as one person. A tax professional eases the burden for you. 

Minimal Risk

Signing your tax return means that you guarantee that the information is accurate based on your best knowledge. If it turns out that there were errors then you might have to deal with legal consequences. When you have a tax preparer, you have a safeguard against liability.

The reasons to choose Excella Tax for your tax filing need are simple. Taxes are not only complicated but it is important for you to make sure that your taxes are filled out and filed properly. When you hire a service to do it for you, you minimize your risk, lessen your burden and have fewer errors overall. This is why it’s crucial to use a tax service.

How to Find the Best Tax Preparer

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Many people choose to use a tax preparation service to file their taxes. If you want to lessen your workload, reduce your stress and save money when you file your taxes, then having a tax preparer is crucial.

It is important that you have your tax return completed accurately and in a timely manner. Tax preparers not only need to finish everything on time but they need to rise to your standards. So, you may be asking, “how do I find the best tax preparer near me?”

Here is what to look for.

Professionalism 

A tax preparation firm that respects professionalism is going to have a better reputation than most. Your tax preparer should be willing to speak to you in a professional, and helpful manner. He or she will want to answer your questions and consult you to the best of his or her abilities. A polite, understanding professional who knows the ins and outs of tax filing is imperative.

Experience 

First, go with a tax preparer that has experience. A preparation service will know how to address specific concerns and will have a toolbox full of solutions due to its experience. No matter the situation you are in, you can rest assured that your preparer has dealt with it before.

Other Services 

Consider a tax preparation service that offers more than simply filing your income tax return. Go for a firm that is not only a preparation firm but a bookkeeping firm also. Look for these services on offer:

Some firms may also provide tax audit representation. It’s important to find one that suits your needs.

When it comes to finding a tax prep service, you need to make sure that it lives up to your standards. With these tips, you may be able to answer the question: “How do I find the best tax preparer near me?”

Reasons to Employ an Insurance, Tax and Bookkeeping Company

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Running a business can be a challenging and rewarding process but juggling the various types of paperwork can be difficult. Incorrectly filling out tax or insurance information or not adequately bookkeeping can be disastrous. However, hiring a one-stop shop for your insurance, tax and bookkeeping needs can help you run your business well.

Save Time

You know that time is valuable in your business and wasting time can be costly. Delegating tasks to different people and being able to retrieve insurance, tax or bookkeeping information as needed can be incredibly time-consuming. If anything is lost or has to be redone, more time will be lost. By hiring one company to fill out forms and file information, you can spend your time focusing on other elements of your business. 

Guarantee Quality Work 

You and your employees know how to manage your business, but when it comes to filing taxes, preparing financial papers and completing forms, you and your employees may feel overwhelmed and bogged down with information. Hiring experts in the field will ensure you receive everything on time. Working with one company also ensures that the quality of work will be consistent, making everything easier to process, document and organize.

Keep Everything in One Place

Managing a wide variety of information can be difficult when you own a business and hiring out several different companies to manage your insurance, taxes and bookkeeping can create more problems. Instead of spending more money by hiring multiple businesses to manage this information, finding one company that handles all of your information is far more practical.

A one-stop shop for your insurance, tax and bookkeeping needs will help your business run more efficiently. You’ll save time, receive accurate, consistent work and will be well-organized when you employ one company to manage your business’s most important information.