Services
Fleites & Company CPA PA provides a wide range of services to individuals and businesses in a variety of industries. At Fleites & Company CPA PA, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Our professional services include:
Tax Planning and Return Preparation Services
Expertise. Peace of mind. These are the things that you can expect your tax advisor to provide. We view our relationship with each of our clients as an ongoing partnership and strive to provide you with quality, up-to-date tax return preparation and advice. We keep abreast of current tax laws throughout the year to minimize your tax liabilities and to maximize your future opportunities. Whether you are an individual or operate a multi-tiered corporation or partnership, our partners and staff can accommodate your needs for tax planning and preparation.
Auditing / Assurance Services
Third parties relying on your financial statements often require an audit for assurance. In order to conduct an audit, we examine your company's financial statements in accordance with generally accepted auditing standards. An audit requires us to examine internal controls and to complete substantial testing of the information underlying the financial statements. We then document our opinion as to whether the statements are fairly presented in conformity with generally accepted accounting principles.
Payroll Services
Fleites & Company CPA PA's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.
Business Valuation
The range of needs for valuing businesses continues to widen, and Fleites & Company CPA PA can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.
Computer Support Services
Our Computer support services include hardware, software, peripherals, internet services and networks It is the interchange of CPA's and Computer technology experts that make our services unique in the market today We offer installation and maintenance services the latest in connectivity products, including wireless services, support, security, design, and installation. By designing the correct computer and network infrastructure and having a reliable computer network support team, a business saves money and time in:
- Computer Maintenance and Network Support – Less time is spent in computer repair and troubleshooting problems.
- Time spent in business processes – users have the correct tools to do their job.
- Network Services Capabilities – many users are unaware of all the tools that their current computer and network infrastructure provides so they can save quite a bit of money by making the appropriate configuration to the current technology instead of buying unnecessary software and hardware.
- Downtime – a well design and documented infrastructure leads to less computer and network services problems.
Our computer network support experience, training and certifications in various types of equipment such as Cisco, ESoft, 3com, HP, Dell, Compaq, etc. allows us to offer the best recommendations available.
We have HP and Novell certified and trained personnel that can help you not only install but optimize your equipment as well as i nstall and configure operating systems, database and email servers
Our Novell certified personnel are able to install, troubleshoot and even optimize Windows NT and Novell Networks.
OPERATING SYSTEMS :
Windows 98/ME/NT/XP Unix Windows NT NetWare 3.xx Windows 2000 NetWare 4.xx Windows 2003 NetWare 5.xx Macintosh AMOS Alpha Micro Linux Others CERTIFICATIONS:
HP and Novell
E-File Services
We provide year-round electronic filing services, the benefits of e-file are, among many others:
- Fast Refunds- Most refunds are issued within 7-14 days of acknowledgement, Same Day refunds are offered via our HSBC Fast Refund Program.
- Direct Deposit- Optional direct deposit of your refund is available.
- Acknowledgement of Returns- Receipt of returns are confirmed using an electronic acknowledgement system. When IRS receives your electronic return, the confirmation sent to your income tax preparer.
- Accuracy- Electronically filed tax returns are received virtually error-free. Statistics show 12% of all paper returns have some sort of error.
- Convenience- The federal/State Program is a "one stop shop" tax filing. e-file allows taxpayers to file both their federal and State tax returns in one transmission.
- Direct Payment- If you have a tax balance due, you may now authorize IRS to automatically withdraw the payment due on the date you specify.
IRS Audit Support
The notice comes in the mail saying that your return has been selected for audit. Along with the notice is the one page laundry list of items that you are expected to bring to the audit and a date scheduled for the audit. And this is for a tax return you filed 2 years ago. Audits range all the way from correspondence audits (letters asking for more information) to field audits where the IRS comes to your place of business. None are fun for the taxpayer. And auditors come with the built in perception that you made an error on your return and owe more tax. Their job is to raise money for the US Treasury. They would not be auditing your return unless they thought they could find errors that resulted in an additional tax assessment.
All tax returns are computer audited. Each item on the tax return is assigned a score (called a DIF score). If the DIF number gets large enough the return is pulled for a human to look at it. If the examiner is satisfied that the return items flagged seem okay, the return is put back into the queue for further processing. Other returns are pulled for audit because the IRS has determined that it wants to audit 8000 returns matching certain criteria in a specific region. The 8000 with the highest DIF scores are pulled and assigned to various district offices. Then the Revenue Agents (tax auditors) go to work. They start down the list and begin setting appointments. When they arrive all income and expense items are carefully scrutinized using the most conservative approach possible. And the auditor can expand the scope of the audit if he/she believes that it would be more productive (for the IRS) to look at other items not on the original list.
Under the new restructuring of the IRS auditors will be specifically trained in auditing the type of return you filed. Wage earners will be audited by a separate division from the self-employed or small business person. Regardless of the type of auditor, he/she will be well versed in the areas of your return that have raised additional money for the IRS from previous audits of the same type of return. They will know exactly what they are looking for. It is critical that you know in advance what areas they are most likely to concentrate on and what parts of the law protect you as a taxpayer. Do not ever count on the IRS to help you understand tax law unless it works in their favor. Only your advocate is going to do that.
Even audits that did not go your way are not always lost. Audit results can be appealed and closed audits can be reopened with good cause. Your representative can work with you on all your options, even if you lost your last audit. I can not even imagine facing the IRS without the assistance of a trained professional. And keep in mind, without a subpoena you do not have to even go to the audit. Most are handled by our representatives. We can generally schedule field audits to be conducted in our offices so as to not disrupt your work place.
IRS Notice/Problems Resolution
Here are a few of the most common IRS Notices and Letters and you may resolve the matter how we can help.
Rev. date: 6/2005
I received a letter from the IRS indicating that due to my misprint of my daughter's social security number, the exemption was rejected. Can I make the correction and still receive the exemption?
You are entitled to the exemption if your child qualifies as your dependent. To correct the return, you must provide the correct social security number information for your daughter. You can return it with a copy of the IRS letter in the envelope provided or contact the phone number listed in the upper right-hand corner of the letter for assistance.
Rev. date: 10/2000
I received a notice from IRS. What should I do?
The IRS sends a letter or notice to you to request payment for taxes, notify you of a change to your account, or request additional information. Please review the information on your entire tax return and compare it with the information on the notice. If the notice tells you that a correction was made to your account and you agree with the correction, a reply is not needed unless a payment is due. If you do not agree with the correction we made, it is important that you respond to the letter or notice as requested. Please call or write to us and tell us why you disagree so any necessary action can be taken. If you are due a refund as a result of our adjustment, it will be sent to you unless you owe other amounts the law requires us to collect (for example, related tax accounts, child support, student loans, etc.). Notices and refund checks are sent from different IRS locations. Any refund issued as a result of our change or correction, should be received within 6 weeks from the date of the notice.
Rev. date: 11/2003
I received an IRS notice. I've contacted the IRS at least three times about it, but the problem still hasn't been fixed. What can I do?
You can call the National Taxpayer Advocate line. Since October 1998 there has been a national toll-free Taxpayer Advocate Program (formerly Problem Resolution Office), available 8:00 am until 8:00 pm Monday through Friday. You may reach the hotline by calling (877) 777-4778.
Rev. date: 10/2000
I received a CP 2000 Notice from the IRS. Have these changes been made to my tax account?
No. CP 2000 is a proposal based on comparing your return with information reported to the IRS by employers, banks, businesses and other payers. You may agree, disagree, or partially agree with the proposal.
Rev. date: 8/2003
I just received an IRS notice indicating changes were made to my return, but it appears an attachment to my return which explained the entry changed by IRS, was not considered. What should I do?
If you believe the IRS made a mistake with the figures, or didn't consider some important information, call the IRS at the number listed on the notice to discuss the matter. If possible, please have a copy of your tax return and the notice when you call.
Rev. date: 12/2004
I received an IRS notice resulting from correspondence I sent regarding a change to my return. The notice includes additional penalties and interest charges. How are the penalties and interest figured?
Interest is charged on any unpaid tax from the due date of the return until the date of payment. The interest rate is determined every three months and is the federal short-term rate plus 3 percent. Interest is compounded daily. If you paid the net amount of tax that was due based on the tax shown on the return, and later determine that more tax should have been shown on the return, you will incur a failure to pay penalty. Additionally, when the IRS bills you for any tax, penalty, or interest, if you do not pay the bill within 21 calendar days (10 business days if the amount equals or exceeds $100,000), then a late payment penalty will be assessed from the date of the bill unless you have reasonable cause for the failure. The amount of the penalty is one-half of one percent of the tax owed for each month, or part of a month, that the tax remains unpaid, up to 25 percent.
If you file on time but don't pay the net amount due based on the tax shown on the return, you will generally have to pay a late payment penalty of one-half of one percent of the tax owed for each month, or part of a month, that the tax remains unpaid after the due date, up to 25 percent. However, you will not have to pay the penalty if you can show reasonable cause for the failure.
The IRS sent me a letter that included an additional amount of tax due. I read the explanation on the letter, but I do not agree with the changes, which were made. Should I file an amended return?
If you believe the IRS made a mistake in the figures, call the phone number listed on the notice to discuss the matter before filing an amended return. If possible, please have a copy of your tax return, and the notice when you call.
Rev. date: 10/2000
I received an IRS Notice titled, "We Corrected Your Return - Amount Due IRS." It appears I did not get credit for one of my federal tax deposits. What should I do?
If your account has not been credited with all of your deposits, call the toll-free number on your notice to discuss the matter. Please have the notice and a list of your deposits when you call.
Rev. date: 10/2000
I got a notice from IRS saying they changed my account and I am due an additional refund, but I haven't received the check yet. What should I do?
Allow at least six weeks from the date of the notice, for your refund to be mailed to you. We could not include the check with your notice, because checks are processed in a different location and mailed by a different system. If it has already been longer than six weeks, please call us at the toll-free number listed on your notice. If possible, please have a copy of the IRS notice and a copy of your tax return when you call.