DZH Phillips serves the unique compliance and tax planning needs of business clients. We understand the differences between small and mid-size businesses, especially when it comes to taxes. Our firm has significant experience providing tax accounting and guidance to businesses with more than $1 million in annual revenue.
DZH Phillips prepares and files your business tax return, associated schedules and disclosures, and quarterly estimates for the following year. Our CPAs also highlight strategies for lowering taxable income, increasing deductions, and identifying new or underutilized credits.
We assist businesses with the following income tax services:
- Income Tax Preparation & Filing
- Amending Prior Tax Returns
- Nonprofit Taxation
- Credits & Incentives
- Multi-State Returns
- IRS Resolution & Audit Support
- IRS Payment Plan
- Federal & State Correspondence
- Tax Accounting Methods
- Electronic Filing
The most effective tax strategies involve year-round planning to assess your business’ financial situation and limit tax liability. DZH Phillips can help your business with everything from an audit to identifying tax deductions and incentives. We take pride in helping businesses achieve financial success through solid, regular planning.
Here are some of the tax planning services we provide:
- Deciphering tax code
- Understanding key tax deductions and write-offs
- Tracking hardware depreciation
- Realizing tax benefits from trimming excess inventory
- Understanding deductions for interest on business loans
- Determining ownership of business vehicles
- Preparing for an audit
- Recordkeeping strategies
- Paying employment taxes by credit card
- Establishing designated accounts for employee travel and entertainment
- Maximizing employee benefit dollars with flexible spending accounts
If your business is subject to state and local taxes (SALT), you already know how important it is to stay on top of these ever-changing regulations. The professionals at DZH Phillips are well-versed in the complexities of state and local taxes, and employ the industry’s most successful strategies to help you minimize your tax burden while satisfying your business’ tax obligations.
We provide SALT services in the following areas:
- Income & Franchise Tax
- Gross Receipts & Margin Tax
- Sales & Use Tax
- Personal Property Tax
- Payroll & Unemployment Tax
- Unclaimed Property
- State Audit Representation
It’s not uncommon for businesses to miss out on little known or misunderstood tax credits and incentives. But, did you know that many missed credits can be recaptured by filing and amended return, and that liberal carryover rules can help your business claim a credit in a future tax year? DZH Phillips is a leader in federal and state tax credits and incentives.
We specialize in the following credits and incentives: California Enterprise Zone Tax Credit, Federal Work Opportunity Tax Credit, and R & D Tax Credits.
Do you know what “nexus” means? If you conduct business out of state, you should. Nexus is the minimum relationship between a taxpayer and state sufficient to subject the business to the taxing jurisdiction of the state. Business taxes imposed by another state can be significant, and interest and penalties can be levied for all years beginning with the first year nexus was established.
DZH Phillips can help you with: income tax apportionment/allocation analysis (including refund claims), nexus reviews, and audit representation.
DZH Phillips has considerable experience with international businesses. Our typical international client falls into one of three categories: U.S. businesses that are exporting to other countries; U.S. businesses with locations and/or subsidiary companies in other countries; and foreign companies doing business in the U.S. In addition to the expertise of our staff, we draw on the additional resources of our CPAmerica partner, Crowe Horwath International, to process more complex and challenging international tax issues.