Taxpayers, particularly small business owners, often encounter difficulty with paying their taxes in a timely manner. Many business owners are unaware of the myriad of business and payroll tax issues, along with the appropriate filing and payment dates, for various types of taxes.

These potential pitfalls can result in significant penalties and interest as well as the frustration in dealing with a seemingly faceless bureaucracy.

Vu and Associates can alleviate your frustration because we have the experience in dealing with

the IRS and State Taxing Agencies so that you can devote your valuable time developing and expanding your business.

Our tax services include:

Compliance and Preparation

To assist you in identifying and dealing with potential tax issues in your area of responsibility, Vu and Associates offers the following services:

• Business and individual tax return preparation;
• Tax planning and consulting;
• Coordination of audits

Planning

The filing of income tax returns is a necessary requirement of being in business. Vu and Associates will help ensure:

• Your business meets legal tax requirements;
• You know how much to save for your taxes; and
• You pay the lowest taxes possible.

Tax laws regarding depreciation, passive losses, minimum tax and capital gains have a tremendous impact on management decision-making.

With the constantly changing nature of the tax system, tax planning is a must for any business. At
Vu and Associates, we strive for the lowest tax liability for our clients. People trained in tax law interpretation implement effective tax planning strategies. In many cases, paying the least possible tax goes hand-in-hand with economic success.

Since most of our clients are closely-held companies, we understand the link between business taxation and personal taxation. Tax planning strategies need to be examined in light of both the business and personal needs of the owners. We feel it is important to know our clients on a personal level so we can help coordinate, advise, and implement successful tax strategies.

Audit Representations

We aren't afraid of the tax auditors. When you need tax audit representation, we are ready to help you.

Do you or your business need a representative to help deal with a tax audit? Many taxpayers decide to handle a tax audit themselves, and discover they may have been "penny wise," avoiding a representative's fee, but "pound foolish," because they received a bill for a significant tax deficiency. At Vu and Associates we have on staff a former tax auditor, putting us in the position to offer you the best advice.

Why does it make such a difference if you have a qualified representative handle your audit? First, a qualified representative speaks the same language as the IRS agent, so they can effectively communicate your position. Second, the representative is a peer with the agent, which removes the intimidation element. Third, the representative is aware of the potential issues and can help you properly prepare for the examination. By representing you on a neutral ground, Vu and Associates can help you avoid damaging issues.

For a complete list of tax services, please download the printable PDF version.