Planning is the key to successfully and legally reducing your tax liability and insure compliance. We can recommend tax saving strategies to help maximize your after-tax income. We make it a priority to enhance our understanding of the current tax law, tax code, and new tax regulations through a commitment to continuing professional education. Combined with our years of experience, this approach allows us to competently provide expert and accurate advice to our clients. Our business and individual tax clients can frequently reduce the amount of income taxes they pay because we continually look for ways to legally minimize your taxes throughout the year, not just at year end.
Preparation of Personal tax returns
Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office, most taxpayers believe they benefited from using a professional tax preparer, particularly after the recent new tax law changes.
Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you may be entitled, let alone make needless mistakes. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional who can prepare your income tax returns in an accurate and compliant manner, and at a reasonable cost.
Preparation of Business tax returns
Federal and state tax return preparation for sole proprietorships, partnerships, non-profit, limited liability companies, and corporate tax returns for S and C corporations, including out-of-state and multi-state returns.
Multi-state and Expatriate tax returns
As a U.S. based certified public accounting firm, Wm. Briggs & Company, Ltd. is dedicated to serving the American expatriate community around the world with a sole focus on income tax preparation, planning and compliance for Americans living abroad.
Representation before Taxation Authorities
We represent individuals and businesses in disputes with the IRS and the various state taxing authorities. These disputes may include tax notices, compliance issues, tax examinations or the appeal of positions taken by the government. In our years of experience, our firm recognizes that there is a need for professional, personalized services when these types of issues arise.
As your representative, we will ensure that the IRS and other state taxing authorities follow the rules and proper procedures when dealing with you. We will also guard against the violation of your rights as a taxpayer.
Tax examinations and notices are difficult and time consuming, requiring the gathering of information and documentation, coordination and due diligence to ensure your rights are respected and preserved. We stand ready to serve your needs. We will review the issues and assist you all the way through the process and take the action that is appropriate for your situation. Professional representation can be vital when you need assistance during a dispute.
The National Association of Certified Valuators and Analysts (NACVA) is a globally-recognized body of 7,000 professionals specializing in Business Valuation, Litigation Consulting and Financial Forensics. The Certified Valuation Analyst (CVA) designation is the only valuation credential accredited by the National Commission for Certifying Agencies (NCCA), the accreditation body of the Institute for Credentialing Excellence (ICE). The CVA credential requires compliance with rigorous standards of professionalism, expertise, objectivity, and integrity in the field of business valuation and requires recertification every three years.
Wm. Briggs & Company, Ltd. has maintained the CVA credential since 2006 and has performed numerous business valuation engagements and issued Valuation Reports for submission and review by the Internal Revenue Service.
New Business Entity Set-up
Design and Set-up of internal controls
Internal controls are designed to prevent and detect errors or fraudulent activities, safeguard assets, ensure financial information is accurate and reliable, and assist in the achievement of business objectives. Wm. Briggs & Company, Ltd. provides internal control services to all types and sizes of businesses, to assist in evaluating the effectiveness of the company's internal controls. Many internal control engagements are focused on assisting management in documenting or implementing new systems or procedures and making improvements in internal accounting controls. Management and the Board of Directors are much more cognizant of the need for an effective system of internal control.
Forensic Accounting and Fraud Auditing
The Forensic Accountant is a designation bestowed by the (ACFE) American College of Forensic Examiners. William Briggs has been awarded a Diplomate Certification through a voluntary peer-review process which recognizes excellence in the profession of forensic examination.
The term Forensic Examiner refers to a Certified Public Accountant who performs an orderly analysis, investigation, inquiry, test, inspection or examination in an attempt to obtain the truth, and from which to make an expert opinion and report the true results of their findings in an unbiased and objective manner.