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tax audit defense

Accounting & tax services

Established Partner In Tax Audit Defense

We provide accounting support, tax planning, and tax preparation for a select group of clients.  These services include monthly or quarterly accountings and financial statements, forward-thinking tax planning, and tax preparation of partnerships, corporations, and individual returns for those clients that want a high level of service.

At Pace CPA’s & Associates, a distinguished CPA firm located in Austin, Texas, we understand the burden a tax audit can impose on small businesses ─ both in terms of time and finances. However, there’s a solution to minimize such costs and stress: our prepaid Small Business Audit Defense service. We will help ensure your your tax filings will withstand an audit. When partnering with Pace CPA’s & Associates, you know that if a tax audit does arise you will be vigorously defended. Rest assured knowing that our team of seasoned tax professionals is on standby to safeguard your interests.

At Pace CPA’s & Associates, located in Austin, Texas, we recognize the critical importance of reviewing past tax filings to mitigate surprises during future audits. Conducting a thorough examination of previous tax returns enables us to identify any potential red flags or areas of concern that could trigger scrutiny from tax authorities. By proactively addressing any discrepancies or inaccuracies in past filings, we can help ensure that your business is well-prepared to withstand the scrutiny of an audit. Our meticulous review process not only minimizes the risk of unexpected liabilities but also provides peace of mind, knowing that your tax records are in compliance with regulatory requirements. With Pace CPA’s & Associates by your side, you can navigate the complexities of tax compliance with confidence and clarity.

 

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our other professional services Include:

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Don’t let tax issues sneak up on you!

Navigating the ever-changing tax landscape can be daunting, and even the most meticulous business owner can face unexpected tax disputes. At Pace & Associates in Austin, TX, our experienced tax attorneys have your back.

We specialize in resolving ALL types of tax controversies:

  • State and Federal Audits: From understanding complex procedures to challenging unfair findings, we’ll guide you through every step.
  • IRS Collections: Facing aggressive collection tactics? We’ll protect your assets and negotiate a sustainable repayment plan.
  • Criminal Tax Defense: Under scrutiny for alleged tax fraud or evasion? We’ll safeguard your rights and fight for a fair outcome.
  • Tax Litigation: We explore all options, including litigation, to resolve complex tax disputes effectively.

Why choose Pace & Associates?

  • Deep Local Expertise: We understand the intricacies of Texas tax law and its impact on your business.
  • Proven Track Record: Our experienced attorneys have a history of successful resolutions for clients just like you.
  • Personalized Approach: We take the time to understand your unique situation and tailor our strategies accordingly.
  • Open Communication: You’ll be kept informed every step of the way, with clear explanations and timely updates.

Don’t delay – take control of your tax situation!

Schedule a confidential consultation with Pace & Associates today. We’ll help you navigate the complexities of tax disputes and get you back on track to success.

What triggers an IRS audit for my small business?

Many factors can trigger an audit, including: high income reported, inconsistencies in reporting compared to industry averages, unclaimed deductions, and past due tax returns. However, even with a clean record, random audits still occur.

What should I do if I receive an IRS audit notice?

Don’t panic! Stay calm and contact an experienced tax attorney immediately. They can explain the audit process, gather necessary documents, represent you during the audit, and ensure your rights are protected.

What evidence will the IRS be looking for during an audit?

They’ll examine your business records, including bank statements, receipts, invoices, and tax returns. Having organized and complete records is crucial.

What are the possible outcomes of an IRS audit?

The outcome depends on the nature and severity of the issues identified. It could range from no changes to additional taxes and penalties, or even criminal charges in extreme cases.

Can I avoid an IRS audit altogether?

While there’s no guaranteed way to avoid an audit, good record-keeping, timely filing, and seeking professional help for complex tax matters can significantly reduce your risk.