Personal

PERSONAL

Preparing your financial statements is one of the most essential steps in the accounting process. With the help of Sasaki Accountancy Corporation, we can assist you with the order of preparation. We have decades of experience in financial statement preparation and analysis, meaning that you can be confident that we will do the job right.

A personal financial statement is quite different from one that a company would have, which is why we make custom templates for each client. Essentially, both a company and an individual’s financial statement follow the same concept: break down assets and liabilities. There are also some complex rules regarding what should go on your personal statement and what should not. Sasaki Accountancy Corporation can assist you through the ever-changing terrain of providing personal financial statements to satisfy lenders as well as providing you with a critical document for financial and estate planning.

Contact us today to get started.

Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.

If you’d like to receive more information about our Tax Preparation Service, please contact us.

When it comes to an income tax examination, we are in your corner. With the IRS auditing less than one percent of tax returns in recent years, you may be thinking it can’t happen to you. But you could be wrong. Especially if you have a lot of business expenses, your tax return is complicated, or you’re in a higher income bracket.

The good news is that nearly 75 percent of those audits are notices or letters sent by the IRS requesting additional information or clarification. The rest are actual field audits.

While you may be tempted to respond to a letter or notice from the IRS, it’s not always a good idea even if you have a firm grasp of tax law. Because as friendly as IRS auditors might seem, they represent the IRS, not you.

Sure, taxpayers can and do prevail during IRS audits, but without an experienced tax professional on your side, it’s less likely that it will happen…and you just might end up owing the IRS more than necessary.

When you hire us to represent you during an audit, here’s what we do for you:

• Take care of all audit correspondence
• Make sure you take the steps needed to minimize your tax liability
• Handle all discussions with auditors to reduce the risk of additional liability
• Appeal a decision, if necessary

The importance of being represented by a qualified tax professional during an IRS or State tax audit or tax dispute cannot be stressed enough.