Nidhi Jain CPA Guides US-Based Small Businesses to Help them Prepare for Tax Audits


Posted August 23, 2022 by nidhicpa

The tax consultancy cum CPA firm provides strategic tax filing, bookkeeping, accounting, and payroll services to clients in fifty states across the US.

 
United States of America; 23 Aug, 2022—It was reported that the IRS conducted over 650000 tax audits in the preceding year by jacking up their already high reliance on correspondence audits. Nearly 549,000 out of the total audits were essentially accomplished via a letter sent by the IRS to ask for documentation on a specific line item on a tax return. These audits rose from 80% in the previous years to 86% during FY 2021.

It was noted that while some of the tax audits were conducted based on transactions or issues discovered within their returns or those of their investors and business partners, others were randomly selected through a computer screening based on a statistical formula.

According to the law, the IRS has the authority to intentionally or randomly review a person or entity's tax returns, check the tax filing history, review the provided information, and uncover possible frauds or mistakes. It has been observed that the lower-income earners and small businesses were likely to undergo more complex tax returns containing audit triggers. This is because they tend to file for more tax credits and deductions.

In the event of IRS audits, some queries can be resolved by providing evidence and documents they've requested. For more complex cases, experts at Nidhi Jain CPA offer professional IRS representation and audit defense services at industry competitive rates.

Nidhi Jain CPA offers professional guidance for comprehensive bookkeeping, accounting, payroll, business formation, and taxation services. The CPA firm has multiple tax consultants and accountants who specialize in handling the due diligence for gift and asset inheritance from foreign countries, FBAR filing, repatriating money from foreign countries, international tax compliance and reporting when selling properties abroad, incorporation of US entities by international clients, and many other taxes planning and advisory services.

The firm helps clients remain compliant by filing their taxes on time to prevent legal issues. They assist their clients in submitting tax returns, including full-year resident tax, capital gain optimization, Foreign Bank Account Report (FBAR), and other personal tax returns. They also provide business tax filing assistance to ensure all their clients adhere to business regulations set by the American government. Their experts have saved countless people by helping negotiate stress-free settlements for clients with the IRA while protecting them from penalties, interest, and prosecution.

"IRS audits are normally negotiations to a great extent. From the very first call or email, throughout the initial meeting, and the explanation and presentation of documents, each step must comply with the rules and regulations. We've got some top-of-the-line experts onboard that can help ensure not just that but a lot more. We understand that it's these negotiations that set the groundwork for potential tax litigations, so we help our clients accurately prepare the shoebox with all the records and books. The tedious preparation process helps make a vast difference in the tone and pace of the IRS audit," shared a representative from Nidhi Jain CPA to describe their IRS representation and tax audit service.

The accounting firm also delivers top-class financial bookkeeping services, and its experts can conduct extensive cash flow analysis, financial budgeting, and forecasting. Their efficient payroll services help their clients distribute salaries on time.

Their team of certified public accountants delivers extensive cash flow analysis and budgeting services and provides a comparative analysis of S-Corporation, C-Corporation, LLC, LLP, and partnerships to help their clients select the correct business entity.


The firm's dedicated outsourcing services deliver comprehensive planning and advisory solutions for clients of all sizes. With extensive industry experience, their professionals are highly qualified to meet clients' needs across various industries. Their service model is built upon a highly collaborative and transparent approach, which means the services offered by the company are comprehensive and foolproof.

Firms looking for effective personal or business tax preparation, bookkeeping, and accounting services can use the information below to contact the representatives at Nidhi Jain CPA.

About the Company

Nidhi Jain CPA, CA, CTC, MoC runs this incredibly successful outsourcing firm. Based in California, it serves clients across the US. They have a team of certified professionals offering expert guidance and comprehensive services, from personal and business tax filing to tax consultation, accounting, and payroll services.
Contact Details
Website: https://www.nidhicpa.com
Email: [email protected]
Phone Number: 925-952-7891
Dublin Address: 11501 Dublin Blvd Ste 200 Dublin, CA 94568
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Contact Email [email protected]
Issued By Nidhi Jain CPA
Phone 925-952-7891
Business Address 11501 Dublin Blvd Ste 200 Dublin, CA 94568
Country United States
Categories Finance
Tags back tax solutions , business tax services , individual tax filing , international tax accountant san francisco , tax accountant san jose , tax planning consultant , tax planning services , tax resolutionservices
Last Updated August 23, 2022