Employees Benefit Plan Audit
It is mandatory to plan an employee benefit plan to prove your company is ethically practicing. Such a plan requires an expert service for better financial planning. As a proficient auditing firm based in Milpitas, CA, we specialize in designing employee benefit plans for our clients. Our strategic planning integrates robust audit processes. Thus, our expertise extends to auditing both single and multi-employer plans. The plan covers various structures such as defined benefits, contributions, cash balance, pension, health, and welfare plans. CFOs in our team ensure that the selected plan operates in strict accordance with the established planning, guaranteeing compliance and optimal functionality.
General Audit
A general audit is otherwise known as a routine audit. Such kind of auditing helps companies thrive in a competitive environment. Internal audits, unlike external ones, focus on continuous improvement and strategic goals.
Internal Audit
Our internal audit evaluates a company’s controls, governance, and accounting processes. The role is to provide independent assurance on risk management and internal controls. The Internal auditors in our team ensure progress toward objectives, effective risk management, and proper policy application. Internal audits cover compliance, operational performance, information technology, and environmental audits. For this, we have a cover-up to enforce our expert team and advanced technology to bring you the best real-time information on your business aspects.
Federal Tax Audit
We are familiar with the majority of federal tax file submissions as a prioritized kind of tax. If you want your federal tax liabilities to be processed with no harm to your payables, reach out to us about your submission. We will scrutinize your tax urgency with our special federal tax audit. The scrutiny may lead to potential tax adjustments or a case closure without changes, possibly resulting in a refund. Whatever it is, our federal tax experts in California and Texas are here to assist you in the auditing process.
The selection process for scrutinizing the federal tax auditing filing typically initiates in one of two ways:
1. Automated programs identify returns with potential inaccuracies, utilizing information returns like Forms 1099 and W-2, past examination data, or issues flagged by compliance projects.
2. External sources, including newspapers, public records, and individuals, may provide information indicating potential inaccuracies. Valid and reliable data from these sources may prompt us to select a return for examination.
3. Publication 556 details the IRS’s examination rules and procedures, outlining the examination process, appeal rights within the IRS, and federal court appeal options. It also guides you on claiming a tax refund.
4. As a taxpayer, you’re entitled to fair, professional, prompt, and courteous treatment from IRS employees, as outlined in Publication.
5. Additional resources include Publication 3114 (Compliance Check, Audit, Examination, or Review) and Publication 3598 (The Audit Reconsideration Process).
Our professional tax consultants collaborate with the taxpayers in federal tax audit solutions to your case. That’s how we serve our clients with compact tax assistance in federal tax compliance. If your tax call is on the door, don’t wait any longer. Let us contribute to your tax savings through accurate and precise tax payments.