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Whether you’re looking to start a new business or clean up your financial records, HRL Tax Solutions LLC provides essential business services that help drive success. Our founder, Henry R. Liu, is a highly-skilled EA whose experience in working with C and S-corporations has helped us lead high net-worth individuals, new entrepreneurs, and small to medium-sized businesses the down the right path.
In other words, we’re your one-stop-shop for all your essential company tasks. From small business accounting and valuation, to tax resolution services and specializing in audit representation, we have the expertise and experience to ensure that your business meets its goals and remains compliant. Contact HRL Tax Solutions LLC to schedule your consultation with our business services expert today!
When you first started your business, there’s no doubt you were passionate about the products and services that you provide. As a hard-working business owner, you deserve to continue to focus on that same passion for running your enterprise, without being bogged down by cumbersome accounting tasks.
From balancing books to filing tax returns and preparing financial reports, falling behind in accounting is a thorn in your side that you want to avoid. Luckily, HRL Tax Solutions LLC specializes in a wide range of small business accounting services that can help you focus on your true passion without compromising your success.
Quality bookkeeping is critical to the longevity and profitability of any business. This is why we partner with you to record and reconcile every transaction in a timely manner. But we do more than just recording. We also analyze your transactions to uncover valuable insights and cost-saving opportunities.
Are you spending too much on a particular service? Can you attract more customers by making changes to your products/services? Let us help you drive success by handling your bookkeeping tasks.
Recruiting and maintaining top talent is critical to the success of any business. But after hiring the right personnel, you also need to pay them correctly and on time. Handling payroll can be time-consuming for most entrepreneurs, which is why we step in to help you compensate top talent accordingly.
In addition to ensuring that all employees are paid on time, we also handle tax issues, deductions, and other requirements set forth by your state and the federal government.
Proper auditing is essential for your business. By carrying out regular audits, you can identify accounting issues and rectify them before they become costly problems. Furthermore, auditing provides evidence to outside parties that your company is compliant with proper financial practice.
An objective audit requires external parties to come in and review your books. This is why you should let us handle your auditing tasks to ensure that you remain compliant with all legal guidelines.
Sometimes you just need an industry professional to help guide your company’s financial goals. The best way of doing this is by hiring a part-time CFO to review your books and provide timely advice. Part-time CFOs can analyze your financial infrastructure to help with budgeting, pricing, process optimization, data entry, and KPI tracking.
Part-time CFOs have also worked with businesses such as yours and can use their experience to help solve challenging tasks. Need a part-time CFO for your small business? We’re here to help.
Maintaining proper cashflows can make or break your business. This is why we can step in to streamline cashflow management and put you on the right track before it’s too late. Our robust services include quicker client payments, securing money channels, leveraging online payments, and reducing costs.
The goal of any business is to grow. If you’re ready to take the next step by expanding your operations, we can help you secure bank financing. Presenting your company in a position of strength is critical towards securing a loan. Let us support the growth of your business through our bank financing services.
Keeping up with tax requirements is one of the most important aspects of your business. We know how complicated tax accounting can be, which is why we’re here to help streamline the process for you. Our tax accounting services involve the following:
Internal controls are the first step towards ensuring accuracy in tax accounting. Such controls monitor financial and accounting information- thus minimizing the occurrence of fraud. Our experience in the field means that we can help you establish robust internal controls to help prevent instances of tax fraud.
Whether you have one employee or a dedicated finance department, internal controls are critical to integrity and accountability.
Forensic accounting is vital in instances where financial fraud is detected, and it’s more than likely you’ll want to identify how it happened and how you can correct it. We provide forensic accounting services to help you get to the bottom of every accounting puzzle. From internal investigations to tracing the movement of funds, our forensic experts are skilled and experienced in reconstructing complex events and helping uncover the truth.
Litigation support from a financial expert is especially helpful when you find yourself entangled in legal proceedings; litigation support services can help you prepare a strong case in your favor. There are many reasons why your company may end up in a legal dispute, examples of these include:
These situations and many others are why you, as the business owner, need strong and dependable litigation support to help you present a solid argument in court.
Tax issues are common in many different businesses. Due to our complex tax code, you may find yourself owing back taxes or payroll tax debt.
The IRS has over 100 different penalties that can be enforced on your business. Therefore, having someone who is legally recognized by the IRS to provide professional tax resolution services is critical. Henry uses his knowledge of the tax code to help you navigate complex tax issues and avoid incurring hefty fines.
Our tax resolution services include:
1. IRS Audit Representation
Dealing with the IRS can be an intimidating experience, especially for small businesses. As an Enrolled Agent with the IRS, our founder, Henry R. Liu, has the appropriate authorizations to represent your company with regard to tax issues. This means that he can help you prepare for an audit by informing you of your rights and navigating through the process. Remember that any company being audited has a right to privacy, confidentiality, representation, and professional treatment.
2. Sales Tax Audit Representation
Sales tax laws can be complex for any business to understand. This is why many companies find themselves in violation of sales tax regulations without even being aware. If you’re under a sales tax audit, HRL Tax Solutions LLC can help you present a strong case by representing your interests. Let our qualified tax professional prepare you for a sales tax audit so you can avoid costly fines from the IRS.
3. IRS Appeals Representation
If you’ve been found in violation of business tax laws, the IRS may enforce many different penalties against your business. These include liens, levies, and a host of different penalties that may affect your bottom line. An IRS appeal can help you reduce or eliminate costly penalties. Let our tax professional help you prepare a strong appeal so you can get your business back on track.
4. Employment Audit Representation
As an employer, you also need to follow proper tax filing requirements when it comes to income taxes. Audits for employment tax audits check that you’ve properly handled income, excise duty, and exemptions. Let our audit professionals help you verify that all aspects of the employment tax audit have been met.
5. Back Tax Settlements - Offer in Compromise
Owing back taxes to the IRS can significantly affect your cash flow. To help you get back on track, we can help you negotiate a tax settlement that essentially forgives a portion of the amount owed. The Offer in Compromise (OIC) is a settlement option provided by the IRS to help you settle back taxes. Let our tax expert help you apply for this option and get a clean slate with IRS compliance.
6. IRS Back Taxes Resolution
In addition to an Offer In Compromise, we also help businesses explore other options for resolving back taxes. Companies have access to IRS payment plans, penalty abatements, extended installments, and lien withdrawals. By working with our enrolled agent, you can explore tax resolution options for your company.
7. Corporate Tax Filing
We also help businesses prepare and file their corporate taxes. When tax season comes around, avoid the last-minute rush and headache of compiling all documents by yourself. Let our team streamline your returns and ensure a smooth process.
Becoming an entrepreneur is an exciting journey. Not only do you get to implement your dream, but you also have the opportunity to explore different business plans and support your ambitions. However, a lot goes into forming a new business.
From developing a plan to recruiting the right partners, proper planning will be key to success from the get-go. That is why we offer new business formation services to help you start on the right foot.
By working with us when starting your company, you can enjoy a robust support system that includes:
Business Selection - Our team of experts can help you select the right resources necessary for forming your business during its initial stages. Our aim is feasibility, sustainability, and profitability. These three essential goals will set your new company on the path to success.
Incorporation and Reporting - We help you formally incorporate your business after all formation elements have been met. Incorporation ensures that your company is legally recognized and is ready for business.
Business Plan Development - Your business plan is the roadmap that will ensure long-term success. As a result, we help you develop a realistic, goal-oriented business plan for your new company. Our professionals know all the nuances that may affect your daily operations and can help you address these issues accordingly.
New Business Consulting - Consultants can help you navigate today’s complex business environment. This is why we offer new business consulting to help you address challenges in advance, optimize workflows, and remain compliant with taxes.
Tax Planning - Our robust tax services include tax planning to get startups on the right path. In this way, you’ll be able to understand all your tax benefits while avoiding costly IRS fines.
Specialty Services for Non-Profit Organizations - If you’re looking to start a non-profit, we understand the unique laws that apply to your kind of corporation. Let our professionals guide you in setting the right goals and operations for your non-profit.
Business Valuation - Valuation is almost always a hot topic in any new business. If you’re looking to sell equity, go public, or merge with a new business, a proper valuation will be key. A lot goes into valuing your company. In addition to current assets, you also need to consider branding, future growth, and current sales. Our expert valuation team can help you assign a proper value to your company when negotiating for growth.
Are you thinking of who will take over your business once you step away? Propper succession planning can make the difference between a damaged brand and generational wealth.
This is why you should only entrust succession planning to professionals like us. We pay attention to detail and identify the exact variables you should consider when changing ownership, structure, and personnel.
Henry R. Liu, BBA, EA, CTRS, is proud to offer the trusted support, expertise, and reliability that our West Covina entrepreneurs need. Whether you’re a seasoned business owner, ready to pinpoint its next successor, or you’re just getting started, you can count on HRL Tax Solutions LLC to deliver expert business services when you need them. Contact our office to schedule your consultation today!