Tax planning involved much more than saving on taxes and keeping the IRS happy. Many businesses work with a tax consultant in Atlanta, GA, for advice on how to prepare accounting records and strategies for purchasing assets. These experts help businesses take a proactive approach to tax planning and optimize the business’s position and exposure.
How a CPA Can Help
When businesses hire a tax consultant in Atlanta GA, these experts work with them to gain a complete understanding of the financial situation. They will review three years of prior returns, as well as financial statements that were used in producing the returns. Tax consultants have decades of experience developing solid financial information, and they are experts in current tax laws. They help businesses plan ahead. They help with corporations as well as partnerships, and they know how to analyze and review distributions, profit allocations, and negative capital account rules according to their operating agreement rules.
Other Consulting Services
When a business works with a tax consultant in Atlanta, GA, there are different services available. In addition to tax planning, they can help with new start ups, mergers and acquisitions, and selling or exiting a business. They understand all of the details involved in these transactions. CPA professionals also help businesses when they are seeking bank financing, and they can help in cases of bankruptcy. These professionals provide a wide range of essential services, and they are experts in their field. Finally, they support businesses in cases of audits or litigation.
