CLG Professional Services, LLC

Description

Since our inception, we have offered a complete range of tax and small business consulting services. We make it our focus to help all of your unique tax and consulting needs. We provide personalized, face-to-face meetings; we offer early morning, late evening, and weekend appointments; and, we are additionally open 7 days a week for our customers’ convenience! For expert, affordable tax resolution services from a practitioner that cares about you, choose CLG Professional Services ™ in Plano, Texas. High dollar balances above six figures are our specialty, either payroll taxes, audits, or individual.

Business Services | LLC Formation Our Business Services answer many questions. Need help setting up an LLC? What states are the most favorable for businesses? Where should I incorporate? Should I dissolve my corporation? What business entity will best suit my current and future needs, while still minimizing my tax obligations? What fringe benefits can I take advantage of? We get these and many other questions frequently. With your CLG tax professional, we’ll take the tax complexities of business entities and bring it down to an understandable, personal level. We’ll share with you real-world tax reduction strategies for your corporation, LLC or partnership that are often times simple, yet effective. With our familiarity and exposure to a wide array of business industries, we will often uncover tax deductions or tax reduction strategies missed by other tax professionals who lack our real world experience in working with various business entities. Setting up a new business can be tricky,to say the least. An LLC can be setup by state and shield you from personal liability and protect your assets.today and your corporate, partnership, or LLC tax return is included. This is a service that really pays! Without question, the business clients that pay the lowest amount of taxes each year and are continually in compliance are our monthly or quarterly bookkeeping clients . Why is this? It’s simple, really. We become familiar with their finances and have consistently accurate, reliable data with which to work with; we can monitor both their tax and cash situation throughout the year, and recommend appropriate tax reduction strategies . This helps to avoid tax pitfalls before it is too late! As trusted business and tax advisors , we know you don’t want to get bogged down in the day-to-day bookkeeping activities of your business. Why not outsource that important function to CLG and free up your time to do what you are best at! Recently, it was revealed that the number one reason for non-compliance on tax returns was due to…Quickbooks! This is not an indictment of the software as much as it is the reality that the vast majority of Quickbooks users are ill-prepared to properly use the software.and/or a bank levy to collect any back taxes due. The taxpayer usually will receive several notices of time to pay. The way to address these issues is acting immediately. The IRS will also require that any tax returns that haven’t been filed be completed before they will entertain any payment options to resolve your account.The IRS can issue a levy on Social Security benefits also. The IRS collections department or revenue officer may require a collection information statement to determine your ability to pay. This requires a full disclosure of your current income and expenses. This form is a IRS 433-A Individuals or 433-B for businesses. Be prepared to present the last 3 months of bank statements and supporting documentation. It is also the taxpayer’s responsibility to prove financial hardship. Once again, this is only determined by proof of income and expenses. Additionally it may be in the taxpayers interest to request a CDP (collection due process) hearing or we advise bringing in a Tax Attorney skilled in this type of venue on IRS collection procedures. At CLG Professional Services our emergency management team can address these issues in a timely fashion.audit , no matter how simple it may seem. Even if you honestly believe you filled your entire tax return out correctly, meeting with the IRS can be a very intimidating experience. This is especially true if you have to experience a face-to-face audit. The majority of IRS audits are done via correspondence. In other words, most IRS audits are in the form of letters asking for explanations of various tax items on a tax return or requesting supporting documentation. The fact of the matter is that on average only about one-third of all IRS audits are done on a face-to-face basis with a revenue agent, tax compliance officer, or tax examiner. In fact, according to the IRS 2007 Data Book, during fiscal year 2007 (Oct. 1, 2006 through Sept. 30, 2007), only 22.49 percent of all tax return audits were conducted in person, while 77.51 percent were what are called correspondence audits . More often than not, an IRS audit of a tax return will result in changes to the return. Whether these changes are good or bad for the taxpayer depends on the situation.

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