Tax Compliance

Though we are all expected to follow the rules, especially the areas where our taxes may be concerned, we’re well aware that some these rules and laws can be quite complex depending on the type of industry you’re in and the business you perform.

Some companies even have employees whose job it is to focus on nothing but everyone’s compliance. They make sure all internal and external processes are followed to a T, and correct documentation is always created, provided and stored. Failure to do so properly can expose a business to legal liability that may include significant penalties such as fines, legal charges and court actions, damage to a company’s reputation, or worse.

Baker & Associates CPAs has the expertise to provide recommendations to our clients in terms of the proper compliance needed in many areas of federal and state taxation.

Our staff has received extensive training in compliance requirements for many common types of businesses and industries, as well as several specialized fields and industries where attention to detail and proper paperwork is also required. 

This way we can provide a variety of services to help clients demonstrate compliance in their tax planning as well as incorporate it into their ongoing best practices.

Our services can include compliance for a variety of different organizational structures and tax needs, including:

Part of offering these services includes being able to explain to our clients why compliance is so important. Errors can be certainly made if someone tries to deliberately cut corners, but they can also take place because someone is unsure or confused about a particular rule or the wording of a tax document. That’s where our expertise comes in! We’re familiar with common areas where mistakes can happen and know how to avoid them.

In the event a possible error in compliance is detected or an audit is initiated, Baker & Associates CPAs will be happy to provide representation at meetings with the IRS or a state taxing entity.

We understand that these types of situations can be frightening for someone unfamiliar with the auditing process, but our services can include briefing our clients on how to prepare and what to expect at these meetings. We try to make them comfortable about what will take place, their role, their legal rights, and possible options that might be discussed.