|Fichera & Company, CPAs
offers a wide range of services to our individual and business clients. Being a relatively small firm, we are able to provide our clients with personalized attention. Below is a list of services we offer along with a brief description. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.(Click Service Title For Details)
We pride ourselves in finishing your returns accurately and timely. We prefer to take a proactive vs. reactive approach to tax preparation. In our office the only returns that go on extension are those with incomplete or late information or at a client's request. We also understand that we are working for you, not the government, so your returns are prepared taking full advantage of all legal tax saving opportunities. Tax preparation services offered include the following:
By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. There are several basic tax planning strategies that can be applied to both individuals and businesses to save you money. These include shifting income and deductions, tax deferral through qualified plans, tax exclusion through proper investments, splitting income among family members, and structuring your affairs in order to maximize business deductions. The best way to take advantage of these opportunities is to consult with us before the end of the year. We will review your current situation, offer tax savings suggestions, and provide you with a report outlining your potential savings as a result of our suggestions.
IRS and CA Audit Representation
If your returns are audited we offer several options. We can organize your case and meet with the tax authorities on your behalf, or we can help you organize your information if you decide to represent yourself in simpler matters. In most situations we recommend full representation. However, in audits requiring only basic substantiation, some of our clients have successfully represented themselves and used our services only to help them prepare. We also provide full support in responding to IRS and FTB notices.
Accurate tax preparation requires thorough research. Our firm has access to authoritative research material using federal and state online research services. We have the resources available to investigate your complex tax issues with the goal of legally maximizing your savings.
Business Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Buying & Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.
Pension & Profit Sharing Plans
Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs...) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.