WTAS’ experienced professionals can help your business optimize its tax processes and structures, timely meet tax compliance requirements, and avoid tax penalties. We can:

• Review/redesign overall tax department function and processes, such as tax department structure, tax personnel matters (staff size, hiring, evaluation, etc.), workflow efficiency, and technology integration into your tax function
• Evaluate intracompany communication/collaboration among tax and nontax company personnel on matters potentially having significant tax consequences
• Prepare federal and state/local income tax returns, or review returns prepared by in-house tax personnel or outside preparers, for C corporations, S corporations, partnerships or limited liability companies
• Evaluate uncertain tax-return positions and related documentation, to avert accuracy-related penalty (IRC Sec. 6662, substantial-authority and more-likely-than-not standards)
• Help you make in-house-vs.-outsourcing decisions relating to tax activities
• Evaluate and help you select and implement commercial or in-house software used for tax-return preparation, knowledge sharing, tax research and tax planning/analysis
• Help with your federal/state/local estimated-tax calculations and penalty avoidance
• Assist you with penalty abatement (e.g., accuracy-related, estimated tax, information reporting penalties) and penalty calculations
• Resolve statute of limitations issues on tax refunds/deficiencies
• Verify interest computations on tax refunds/deficiencies
• Help your business meet tax information-reporting requirements (e.g., Forms 1099)
• Advise on records-retention policies specifying what tax records and documentation should be retained and for how long