Our Tax, Accounting, and Consulting Services
At Karim Tax LLC, we offer a wide range of tax and accounting services to our clients. Below is a list of some of our service offerings. If you are in need of a service that is not noted below, please get in touch with us to discuss.
Tax Compliance
We can assist you in filing the following tax return types:
- Federal Income Tax (Individual & Business)
- State Income Tax (Individual & Business)
- State and Local Sales Tax
- Tangible (Business) Property Tax
- Unclaimed Property Filings
Bookkeeping
As a business owner, your focus should be on growing your sales, not on the credits and debits of journal entries. With our bookkeeping services, your business can have an accounting department at a fraction of the cost of hiring a full-time accountant. Whether your business is too small to have a dedicated accounting department, or large enough for one but requires a second level review to ensure everything is in good order, we can help.
Learn more about our bookkeeping services >>
Payroll scheduling, payroll taxes, payroll wages, and payroll processing are all tasks that leave business owners struggling with questions. Even if you know how to manage your own payroll, you don’t have the time to manage your business and focus on payroll. You need a payroll accountant. You need a CPA that knows how to help you grow your business and finish your payroll on time. You need a dedicated payroll accountant that knows how to navigate through the legalities involved with payroll. Let us help you manage your payroll.
Learn more about our payroll services >>
Business Consulting
Our goal is to give you a fuller picture of your business, as it relates to taxes, and provide you with the options that help you minimize your exposure and maximize your cash-flow. Our experience in the following areas that can benefit your business stay one step ahead:
- Nexus study
- Sales taxability study
- Negotiating voluntary disclosure agreements with taxing authorities
- Tax credit review
- Memorandums to provide support for tax positions
Audit Representation
Tax audits shift the burden of proof on taxpayers. This means that without the proper tax knowledge, the tax authorities will dictate the terms and provide you with an assessment that stands unless you can prove otherwise. Let our knowledge of tax and prior experience with the tax authorities work in your favor. Our work experience includes having conducted audits on behalf of state tax authorities. We can facilitate the audit process and make sure that the Department auditors aren’t the only ones armed with the tax knowledge. We have successfully represented our clients in income tax, sales tax, and property tax audits.
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Dispute Resolution
Tax notices have become an unfortunate, but common, part of the business world. If ignored, tax notices can quickly turn into tax warrants, or worst liens. At best warrants and liens can create credit lending issues and at worst, they can result in frozen bank accounts. Our aim in handling dispute resolutions is to stop the collection activities and to quickly resolve the tax notices. We carefully review the facts and circumstances of each tax notice and advocate for clients to receive either a reduction or complete abatement of penalties whenever possible.
Financial planning is the hallmark of developing a roadmap to reach your financial goals. It involves making important financial decisions for yourself and your business. It requires having a certified financial advisor on your side that knows how to help you maneuver pass risks and make smart financial decisions about your future. Our team aims to deliver scalable solutions that will help you as your business grows. We will help you analyze current and future risks. We will also help you with estate planning, succession planning, wealth management, finding investment vehicles, and tax planning.