[Individual, S Corporation, C Corporation, Limited Liability Corporation,
Partnership, Limited Liability Partnership, Estates and Trusts]
Recognizing the complexity inherent in tax law changes and their implications,
PSG LLP maintains a specialized Tax Department dedicated to providing
you with the highest quality tax services and helping you reduce your
tax liability.
Highly skilled and experienced in tax planning and compliance issues,
our tax specialists have a comprehensive understanding of international,
federal, state and local tax regulations. We work with you to ensure
your tax reporting obligations are met in an accurate and timely manner,
and to help you minimize, eliminate or defer the payment of taxes
and add value to your company. By keeping informed of tax code changes,
we help you understand how they affect you and your business.
Audit Defense/Representation
[Internal Revenue Service, CA Franchise Tax Board, CA State Board
of Equalization, CA Employment Development Department]
Clients are subject to periodic audits by various state and local
governments, yet do not have the experience to resolve technical issues
or manage the process.
PSG LLP provides services ranging from limited technical advice to
intensive audit management, protest and appeals services. Our team
has over 30 years of collective experience as former Franchise Tax
Board (FTB) auditors, and we apply that experience to every client
we serve.
Tax Planning
[Choice of Tax Entity, Managing Business Growth, State and Local Tax
Planning, Mergers and Acquisitions, Estate Planning, General Accounting
Services.]
When you select a professional tax advisor, you want to know you are
receiving informed advice that will ensure you are in compliance with
the law, while maximizing your tax benefits. PSG LLP tax professionals
provide that assurance for your business and personal tax needs.
PSG LLP’s tax planning and consulting specialists deliver smart,
innovative ideas that help you keep more of what you’ve worked
so hard to make. We focus on practical, value-added solutions to your
tax problems. Our tax consultants specialize in making sense of the
complex rules that often trap unsuspecting taxpayers.
Our tax planning services range far beyond just determining how much
tax is owed based on your income. We work with you to answer strategic
tax planning questions. PSG LLP’s tax professionals work with
you through every step of the process, including obtaining needed
rulings from the IRS or state revenue agencies.
QuickBooks Setup and Support
As a Quickbooks Professional Advisor, we offer a variety of services,
including setting up, training and consulting in the use of Quickbooks
business management software. We have access to resources to answer
all of your Quickbooks accounting questions. Full Service Accounting and Bookkeeping
Often, the most important service that accountants can provide is
capturing and summarizing reliable financial information. Information
about sales, expenses, receivables, payables and cash flow is vital
to those that want to effectively manage their companies. We understand
the clients’ time is better spent on generating revenues for
their company rather than spending precious time bookkeeping. Our
services range from basic bookkeeping and financial statement preparation.
Compilation, Review, and Audit
Depending on your needs, we will compile your financial statements
on a monthly, quarterly or annual basis. Compilation involves preparing
financial statements based on information provided by a company's
management, and will often involve some adjustment to the accounting
records. Sufficient for many small, private companies, a compilation
provides no assurance that the materials submitted by the company
are valid or were prepared in conformity with Generally Accepted Accounting
Principles (GAAP).
Reviews are often needed for companies that must report their financial
results to third parties such as creditors, regulatory agencies, or
business owners who are not actively involved in the management of
the company. During a review, we make inquiries concerning financial
statement-related matters, interviewing company management and personnel
as needed. We use analytical procedures designed to identify unusual
items or trends in the financial statements that may require further
analysis. A review provides limited assurance that material changes
to the financial statements are not necessary.
An audit is the most in-depth financial statement service we provide.
An audit begins with a study of internal controls and an evaluation
of risks. Based on these procedures, we design audit tests to overcome
these risks. These tests often include direct confirmation of account
balances with third parties such as banks and other financial institutions,
customers and vendors. We also review significant contracts and agreements
in addition to examining the source documents supporting these transactions.
Our report to management offers recommendations for improvements for
your internal controls, insights into business risk, industry trends,
and regulatory issues while highlighting opportunities for savings
throughout the organization.
Business Consulting (including startups,
acquisitions, and dispositions)
We approach this role as one of an experienced and trusted advisor
on issues of critical importance to your business: finance, operations,
and profit planning. PSG will help you by delivering services that
keep your business on the right track in an increasingly complex and
rapidly changing environment. PSG provides service such as strategic
planning, feasibility studies, information systems evaluation, outsourcing
opportunity evaluations, estate planning, and mergers and acquisitions.
State and Local Tax Services
(SALT)
PSG’s SALT team possesses a wide range of multistate tax services
to assist your company through the state and local tax maze. The size
of your company doesn't matter, nor does the complexity of the state
and local tax issue. PSG’s SALT team can assist your company
with constantly changing laws in each state and locality your company
does business. PSG partners collectively have over 30 years of government auditing experience working for the Franchise Tax Board.
Credit and Incentive Studies
State and local tax credits and incentives are available in many
states, and our SALT professionals can assist your business in identifying
and obtaining state and local credits and incentives that are applicable
to your business operations. We have staff solely dedicated to these
operations assuring your company will maximize the benefits available
to it.
Dispute Resolution Services
Our experienced
SALT professionals can represent your business before a state or local
tax authority regarding taxes or business fees you are required to
pay. Remember, our team of professionals has over 30 years of collective
experience as former Franchise Tax Board auditors and we want to provide
that value to you. Our staff are considered experts in the areas of
Unity Issues, Business/Non-business Income, State Apportionment, Intercompany
Transactions, Combined Reporting Issues, and Water’s Edge.
Nexus Study
This service is designed
to help your company determine and quantify the state and local tax
filing obligations created based on current business operations. Working
with our SALT team ensures your company is aware of its filing obligations
in each applicable state and local jurisdiction.
Tax Refund Studies
This study identifies
potential income tax and sales and use tax overpayments that your
business may have incurred. We bring you former FTB and BOE tax auditors
to examine your reporting process and identify any areas in which
you have overpaid your taxes. Once a refund is identified, we document
the claim and submit it to the corresponding state agency to secure
your refund. We handle all of the correspondence with the state agency
while minimizing your business's involvement. This allows you to conduct
daily business operations with minimal interruption.
Voluntary Disclosure
Our SALT team
negotiates on your behalf with state and local tax authorities, based
on where your company has conducted or is currently conducting business
without proper registration and filing. This service can limit prior
compliance obligations, reduce or eliminate penalties, and properly
register the company on a going-forward basis.
