For many businesses in North Texas, seeking appropriate credits and deductions is a good way to decrease tax-related expenditures. However, if the IRS calls into question any of your business’s decisions, you must be ready with good audit representation. These professionals are an invaluable resource when it comes to identifying and defending your credits.
The Benefits of Audit Representation
Employment Tax Credits
Many companies can take advantage of employment tax credits, which in some cases offer massive savings. They’re made available to organizations when certain individuals, such as veterans, work for them. Your audit representative can alert you to these perks and provide evidence of your qualifications if questioned by the IRS.
Incentives for Green Buildings
While you can access tax savings if your building uses green energy or other environmentally-friendly techniques, it’s important that you remain in compliance with all applicable laws. A tax attorney can identify the requirements and diligently track any deadlines or other time sensitive issues. You’ll also need to keep track of all documentation of environmental processes to present to the IRS if necessary.
Credits for Research & Development
Businesses involved in the research and development of new products and services can also take advantage of tax credits. Applicable tax laws stipulate that expenses must be related to hiring workers and supply costs for R&D. Your tax attorney will establish that you are in compliance with these rules if you are audited.
The tax attorneys at the Bronson Law Firm PC know that skilled legal guidance is crucial when businesses face an audit. They have been helping clients navigate complex tax issues in Addison and North Texas, since 1978. They offer personalized service and are committed to winning each case. For more information on audit representation, visit them online. You can also call (972) 770-2660 today to schedule your consultation.