Tax Planning Case Study

Small Cleaning Business – What A Difference Experience Can Make When The IRS Comes Calling

Small new home cleaning business found itself facing a $35,000 delinquent tax bill because they followed what they thought was the sound advice of their former tax advisor. When they came to us they were in search of a solution to save their business.

 

Challenge:

Faced with a staggering tax bill this small business needed a way to present its case to the IRS in a way that would allow them to substantially reduce the amount of taxes owed.

Solution:

After pouring over every aspect of their business it became apparent that we could successfully challenge the IRS findings and present a case that would demonstrate that this small business was in substantial compliance with the Internal Revenue.

Result:

After we took the time to learn about the inner workings of their business we were able to apply our business experience and tax expertise to reduce their actual taxes owed to $13,000 for a savings of $22,000. The savings equated to $85,000 of sales.

 

 Cornerstone CPA Services  /  6420 W 95th St, Suite 202  /  Overland Park, KS 66212  /  (913) 381-8350 ph  /  (913) 381-7589 fx