Certified Public Accounting Services for Individuals and Businesses
At Khoury CPA PLLC, we are a licensed Certified Public Accountant. Accounting services are offered for both individuals and businesses. Tax preparation and tax returns are the top services we offer. But we also offer additional CPA services like bookkeeping and payroll services as well as QuickBooks training and new business set-up. Our firm is large enough to offer a full range of professional services but small enough to give you the individual attention that you deserve.
Individual CPA Services
|Small Business CPA Services|
In addition to individual income tax services, the Khoury CPA Practice can assist a variety of small to medium businesses, private schools, nonprofits, and other entities with all their professional tax and accounting needs. Industries we help include retail stores, restaurants, professional services like legal and Real Estate, builders and contractors of services like fencing, pressure washing and landscaping, and MORE. Whatever your professional accounting needs are – we have you covered.
Our Certified Public Accounting Services in Detail
Income Tax Return Preparation & E-filing
Khoury CPA PLLC provides Income Tax preparation and e-filing for both individuals and small businesses. Rest assured you will have peace of mind knowing your taxes are completed correctly by a Certified Public Accountant. Contact Us today for a personal consultation!
Recovery Rebate Credit (Missed Stimulus Payment)
In 2020, as we faced pandemic challenges many of us received Stimulus payments issued by the IRS and Treasury. These do impact filing your income tax returns for 2020. Also, if you did not receive your payments or the correct amount, you are eligible to file the Recovery Rebate Credit. CONTACT US today at Khoury CPA PLLC for expert help with The Recovery Rebate Credit!
Back Tax Returns and Owed Payments
Sometimes life gets so hectic that we get behind in our obligations. The IRS might not understand this but at Khoury CPA PLLC we do! We can help you come up with a plan, a payment schedule and get caught up with the IRS.
Have you received a Notice of Audit and Examination Scheduled from the IRS? An IRS audit is a review of an organization’s or individual’s accounts to ensure information is being reported correctly. Ignoring an audit usually means the IRS files your return for you and you end up paying much more. An IRS audit is a serious situation, but with experienced help, most tax difficulties can be resolved. You don’t have to face an audit alone. Our associates are qualified to represent you before the examination division of the IRS. Oftentimes we can save taxpayers many times the cost of representation and quickly bring the audit to a close.
Small Business Tax Preparation
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state, and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state, or local tax liabilities.
Small Business Payroll Services
When you are a small business, keeping up with payroll can be a challenge. Let our expert CPA Accountants at Khoury CPA PLLC take that task off your hands so you can be left with more time to run your small business. Contact us today to learn more about all our small business services!
Small Business Bookkeeping Services
If your business does not currently have accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping to ensure the smooth operation of the financial side of your business. If you are a new business, we can help you set up your accounting records correctly from the start! As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.
New Business Consultation & Set-Up (Sole Proprietor, LLC, PLLC, Free Lancer)
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also. We can also advise you on the tax implications and other important details when setting up your new business.
Small Business QuickBooks Set-up & Training
QuickBooks is a comprehensive accounting software that can help you manage the financial aspects of your business. We can help you set it up correctly, then train you to take it over. When your taxes become due, we at Khoury CPA PLLC can help you manage those as well!
Tax Problem & Resolution Services
Additional Certified Public Accounting Services:
Back Taxes Owed
Have you filed your tax returns every year, but not paid all the tax you owe? Maybe you just didn’t have enough money at the time and planned to pay more later. Unfortunately, the penalties and interest that are added to back taxes greatly increase how much you will ultimately owe the government. If you are delinquent on your taxes and haven’t yet heard from the IRS, you soon will. The IRS may place a lien on your property or a levy on your bank accounts or wages. The potential damage from unpaid back taxes can be financially ruinous, but it is often avoidable. We can help you assess your tax debt options and negotiate a workable payment plan with the IRS. Unpaid back taxes is a problem that rarely goes away on its own. Contact us today and resolve your tax liability issues.
IRS Audit Representation
Have you received an IRS Notice of Audit and Examination Scheduled from the IRS? An IRS audit is a review of an organization’s or individual’s accounts to ensure information is being reported correctly. Ignoring an audit usually means the IRS files your return for you and you end up paying much more. An IRS audit is a serious situation, but with experienced help most tax difficulties can be resolved. You don’t have to face an audit alone. Our associates are qualified to represent you before the examination division of the IRS. Oftentimes we can save taxpayers many times the cost of representation and quickly bring the audit to a close.
Obtain Your IRS File (Freedom of Information Act)
The Freedom of Information Act, or FOIA, gives any person the right to access their IRS file. Knowing what the IRS has in your file is a great place to start when resolving a tax issue. Furthermore, it is probably as important to find out what the IRS does not know about you as it is to see what they do have in your file. We will make a discreet request for your information from the IRS so as not to draw undue attention to any tax liability. After we acquire your IRS file, we will explain it to you in layman’s terms, as well as recommend a course of action that will set you on the road to ending your tax controversy.
One of the worst things about IRS tax controversies are the penalties and interest tacked on to your original bill. There are penalties for late filing, late payment, and negligence, to name but a few–and the interest on unpaid taxes can rapidly increase your total tax liability. If you are struggling with unpaid taxes plus additional penalties and interest, we can help. The IRS may abate certain penalties if there is reasonable cause and the failure was not due to willful neglect. Many taxpayers who have not previously had major issues with the IRS can qualify for a first time penalty waiver. Generally, the IRS does not revoke interest charges, but some established interest suspension provisions do apply–especially where the IRS has made an error. We understand if you are overwhelmed by penalties and interest. They often appear arbitrary and unfair. We will carefully scrutinize your tax situation to see where penalties and/or interest may be waived.
If you have neglected to file a tax return from a previous year or years you should do so immediately–even if you think you can’t pay. The penalties and interest you may face for not filing a return are often much worse than if you file but do not pay in full. In other words, you have nothing to gain by not filing tax returns except hefty fines and possible jail time. We have the expertise you need to straighten out your misunderstanding with the IRS.
Once we have filed your missing returns, we can help you work out a payment plan or an Offer in Compromise. Please note that the IRS will not accept any payment arrangement or revoke a lien or levy until all delinquent tax returns are filed. Contact us today to learn more about filing your overdue tax returns.