If you are searching for a CPA in the Las Vegas Valley, you’re probably looking for a tax and accounting firm that offers accuracy and dependability. At Torchlight Tax of Las Vegas, we take accounting seriously.
Our CPAs, accountants, and bookkeepers can do all your bookkeeping starting with view access to your bank accounts and create your profit and loss and balance sheet. Or we can take what bookkeeping you have already done and correct or complete it as needed. Then the EA or CPA can use these to prepare a tax return that maximizes your tax savings.
Our EAs and CPAs can help you understand your books so you can see what you are doing that is winning and what you need to improve on. We can do tax planning and advise you on tax savings strategies.
We can prepare your taxes to save your tax dollars without cheating or putting you at risk.
We can represent you before the IRS in an audit, negotiate IRS debt, and go to the Taxpayer Advocate or IRS Appeals to make sure your case is heard. We can even represent you in Tax Court with a Tax Attorney.
We understand how stressful financial issues can be. For many, they can be overwhelming.
If this is happening to you, this is probably because you do not understand what your situation is and what legal remedies exist. This is OK. You probably understand a lot of things in your field that we do not understand! So let us help you. We will do all we can to get your accounting and taxes in order and advise you on what to do.
Whether you are trying to resolve debt or create wealth, we can assist you in making correct financial decisions. Don’t let the stress of unpaid debts, back taxes or uncertain finances block you from moving forward on your financial goals.
At Torchlight Tax, we do accurate accounting and advise our clients so they can improve their financial position and save tax dollars. We take your calls year-round and answer your questions and give you the peace of mind that comes from knowing your accounting and taxes are under control. Contact us today to schedule an appointment. Free consultations are available.
Also, our job is also, in addition to legally saving you money, is to make the tax process as pleasant and painless as possible. Advising on tax savings strategies is part of this. Advising you of how to handle a tax debt and handling your questions is part of this.
Unlike the big franchise tax mills, we are here to answer your questions year round. We look forward to hearing from you.
Many people do not know how a professional tax and accounting firm differs from a bookkeeper or tax preparer. The main difference when working with a professional tax and accounting firm, such as Torchlight Tax, is that our firm utilizes the services of CPAs, EAs, and Attorneys who are distinguished from bookkeepers and other tax preparers by stringent qualification and licensing requirements. Our entire team has a purpose to legally save your tax dollars and to make taxes as painless as possible. This means we take your calls and respond to your concerns. If you receive a threatening IRS call or Notice or are worried about some tax question, we are here for year round taking your calls and responding to your emails.
Whether you are filing personal, small business, or corporate taxes, or negotiating IRS tax debt, if you are not already using a professional Tax, Accounting and IRS Representation firm, you most likely have missed out on major tax benefits. This is because a professional tax and accounting firm utilizes licensed professionals such as Certified Public Accountants (CPAs), EAs and Attorneys, who can not only advise individuals on personal financial matters but who can also advise businesses and corporations of all sizes and types. Tax laws are complicated, and no one knows everything. Torchlight Tax is a team and any one of our tax pros can call on other EAs, CPAs and Tax Attorneys in the team who may have specialist knowledge in a specific area of tax.
When doing current taxes, we often come across missed tax savings from prior years. When this happens, the Internal Revenue Service allows you to amend your taxes and lower your tax liability. Whether you or your prior tax preparer missed a W-2 or 1099, a revised 1099. large charitable donations, or made some other error, amending your tax return can help you recover the money you are rightfully owed. When we find this situation, we will advise you on potential savings and amend the previously filed tax return.</p”>
Sometimes, there may be a situation where a tax return could be amended, but it is too late to receive any benefit. Or maybe you made an error that was missed by the IRS that would have increased your tax liability. In some cases, it is prudent to file an amended return. But if it is not necessary and will not save you any money or decrease your risk, we will tell you not to bother. It is silly to amend a return to no advantage which is too old for the IRS to audit. Some firms might file a bunch of unnecessary tax returns and charge a fee. Sometimes a taxpayer himself might increase his tax liability by filing an unnecessary amendment that increases his tax liability. We will not do this.
Amending a tax return requires more professional acumen then doing it right in the first place. At Torchlight Tax, we do file the tax return correctly the first time. And we will happily amend your tax return, but only if it actually is to your benefit. If you think you might need to amend tax returns, contact Torchlight Tax for a free consultation.