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There is no such thing as an unimportant tax return. In fact, the IRS is quite specific as to what it requires of every business, large or small (http://www.irs.gov/businesses). However, many businesses fail to recognize all of their legitimate deductions.

When we prepare your taxes, our main focus is on saving money by identifying legitimate expenses and deductions. We always seek to get you the highest possible refunds so that you keep more of your hard-earned dollars.

Mehdiani Financial Management Tax Preparation services include:

• Tax preparation for individuals, trusts, estates, non-profits, and small to mid-sized businesses, including LLCs, C Corporations, S corporations, and Partnerships
• Payroll taxes and payroll tax filings
• Contract labor 1099 tax filings
• Sales tax filings

We appreciate that everyone we work with is unique. We make it a point to learn about your circumstances and industry in order to provide you with the best tax outcome. Mehdiani Financial Management provides tax advice to many different kinds of clients in all 50 states.

The purpose of tax planning is to do a full analysis on a client’s life and business, and get them to a better state where they are legally paying less in taxes.

Every year people across America give up billions of dollars in tax overpayments because they fail to do proper tax planning.

Tax planning isn’t just a matter of paying less in taxes. The goal of tax planning is to help you make smarter choices as to how you and your business are spending money. Tax planning enables a company to maximize its cash flow and minimize its taxes.

We will work with you to develop a plan to make sure you keep as much of your hard-earned profits as is entitled by law. These strategies include:

• Making sure you get all of the deductions you deserve.
• Utilizing advanced tax strategies such as 1031 exchanges, cost segregation, and many other overlooked strategies.
• Creating a tax plan that is specific to your life and business.

Want to learn more about our Tax Planning services? Let's talk.

We know that accurate record keeping is often a stressful activity for many small business owners. Nevertheless, maintaining records is required by the IRS. The IRS expects every business, whether for-profit or nonprofit to keep proper records.

Bookkeeping is the foundation for any company to determine its overall financial health and provides the basis for tax preparation and tax planning. Bookkeeping can answer many important questions such as “How profitable is my business?” or “Do we have sufficient capital for expansion?”

Mehdiani Financial Management knows that maintaining good books will save you money in the long run. Our bookkeeping staff closely examines your company’s transactions to make sure they’re properly reported. Good bookkeeping is the difference between giving away too much of your money to the IRS and taking legitimate deductions that will translate into increased profits.

What else can Mehdiani Financial Management's bookkeeping services accomplish for your company?

• Gives you a constant picture of your operations.
• Assists in answering tough questions such as whether you need to hire more employees, buy or rent new equipment, add more inventory or even purchase a new truck.
• Prepares your company to be ready for federal and state taxes ahead of time – without the panic!
• Allows your company to properly budget the whole year through and tells you which areas of the company need more or less funding.
• Assists in making presentations to bankers, venture capital firms and other lenders.
• Demonstrates that your company has been compliant with the payment of sales and payroll taxes.

Let us do the bookkeeping for you. Our professional bookkeepers are always here to help. You can’t get more stress-free bookkeeping than that.

Financial statements and reports let you know where your business stands at any point in time. Reports can help your business address many important issues including inventory decisions, equipment purchases, mergers and acquisitions or adding another shift.

Financial statements are another important tool for tax planning purposes, and by using these reports we can help your business save money. Once we put together your financial statements, our professionals can discuss the financial health of your operation in detail and make recommendations.

The financial statements we provide for your company include the Profit and Loss Statement or P&L, and the Balance Sheet, which details your business assets, liabilities, and equity. These statements are key tools in tax planning and tax preparation. The bottom line is that financial statements help you make better decisions for your business.

Mehdiani Financial Management Personal Financial Statement Preparation

We are often asked to prepare personal financial statements for individuals so they can get a realistic view as to their net worth. Personal financial statements can help accomplish many important objectives for the individual such as obtaining loans or lines of credit, refinancing homes or applying for a new mortgage.

We are experienced in preparing personal financial statements for individuals as well as for businesses.

Want to learn more about our Financial Statements and Reports Services? Let's talk.

Entity selection is one of the most important decisions facing those who own and operate businesses. There are several forms to choose from, each of which generates different legal and tax consequences. There is no single form of entity that is appropriate for every type of business owner or entity.

Choosing the appropriate form of entity in which to operate a business is a complex decision. It depends upon many factors, including the owners' needs and desires and the particular characteristics and needs of the business in question. Federal and state tax consequences of each type of entity also play an important role; especially in closely held entities where the parties' combined tax liabilities should be analyzed as part of the decision-making process. In order to choose the proper entity, it is important to understand the characteristics of each type. 

In choosing the proper form of entity in which to do business, it is important not to overlook State taxation and annual fees. While there may sometimes only be a marginal advantage from one entity to another as based on the criteria above, State taxes and annual fees can sometimes end up being the determining factor in entity selection.

Mehdiani Financial Management can analyze the tax implications of the entity options available to you and determine the most advantageous business structure to form. We can also help you set up the entity and provide you with the tools you need to optimize its usage while staying compliant with Federal and State requirements.

Did you know that 1 out of 3 small businesses pay penalties to the IRS because they improperly calculate their payroll taxes? These penalties can wind up costing companies a great deal of money. As an employer, you are responsible for making sure your payroll function is compliant with all IRS rules and regulations.

Using a payroll service takes on the work of preparing your payroll so your company will never miss a tax deadline or pay the wrong amount in payroll taxes.

Mehdiani Financial Management Payroll Services provide:

• Federal and state payroll filings including 941/944 quarterly forms, year-end 940 forms and W-2s.
• A secure system to keep all of your payroll information safe including employee records, past pay stubs, tax filings and records of tax payments.
• Electronic deposit of paychecks into employee bank accounts with our Direct Deposit service. Your employees will appreciate Direct Deposit. Pay stubs detailing the current as well as year-to-date withholdings, vacation and sick time for each employee.
• Voluntary deductions such as insurance, retirement plans, and many others.

Mehdiani Financial Management Payroll Services can be tailored to fit every business’ needs.

Want to learn more about our Payroll Services? Let's talk.

We understand that dealing with the IRS and State can be a very time consuming and stressful experience, especially if you’re negotiating an IRS payment plan. Our goal is not only to attempt to achieve tax debt relief and tax debt settlement at the lowest amount allowed by law, or a payment schedule that least disrupts your economic life, but also to reduce your anxiety and stress by having Mehdiani Financial Management deal and speak directly with the federal and state income tax agencies. 

Our goal is to offer you a clear understanding of the process for resolving your tax problem and to leave you with realistic expectations as to probable outcomes. We will not allow you to retain our firm’s tax resolution services unless you are a legitimate candidate for tax relief. The IRS has very strict guidelines governing eligibility. We let you know upfront what tax relief options are available. This is based on a review of your IRS filings, other documentary information you provide to us and a comprehensive financial review.

Mehdiani Financial Management Tax Resolution Services include:

• Past-Due Tax Returns
• Wage Garnishment
• Bank Levy
• Tax Liens
• Payroll Tax Debt Relief
• Delinquent Taxes
• IRS Tax Payment Plans
• Offer in Compromise
• Installment Agreement
• Foreign Bank Account Reporting
• Audit Representation
• Penalty Abatement
• IRS Audit Representation
• Transcript Analysis
• Collection Statute Expiration Date
• Full Representation
• Innocent Spouse Relief
• Currently Not Collectible
• IRS Back Tax Help

Want to learn more about our Tax Resolution services? Let's talk.

Being selected for an IRS or State audit can feel stressful and overwhelming. We get that and work with you to reduce the stress and headache.

Mehdiani Financial Management understands that IRS audit agents will often try to widen the scope of the initial tax audit. They may include other years beyond the tax return or other areas of the tax return in question. Our team of CPAs, EAs, and tax professionals can help limit that scope and the amount of information the IRS agent requests to examine. We will help you organize your tax records to reduce exposure to IRS scrutiny.

Mehdiani Financial Management Audit Representation Services can help:

• Save you more money – you do not pay more than you owe
• Protect taxpayer rights
• Present installment agreements or Offer in Compromise (OIC)
• Eliminate the amount of proposed debt
• Appeal and/or defend an audit
• Accurately identify which portion of your return is being audited

Want to learn more about our Audit Representation services? Let's talk.