Why It Makes (Dollars and) Sense to Hire an Accountant to Do More Than Just Prepare Your Tax Return (continued from Friday)

By Gary Krupa, CPA





Here are some examples of how I've helped my clients and employers:

As the controller of a real estate company, I discovered, by reference to its amortization schedule, that it had been overpaying interest on its mortgage loan for several periods. I then contacted the lender and arranged to have the overcharge credited to the company and to correct the amount of each loan payment.

I prepared and submitted an offer in compromise for a disabled individual to the IRS. The client owed many thousands of dollars in income tax, and was having much difficulty paying what he owed. I represented the client before the IRS in the matter. This action resulted in the client's offer being accepted by the IRS and all but a small percentage of the tax liability was eliminated.

I helped a start-up leasing company obtain about $0.5 million in loan financing by presenting their financial data in a manner that was more appealing to the lender.

I helped a spa company client avoid having to pay approximately $58,000 in sales tax deposits, due to my timely and accurate filing of its sales tax returns.

For a non-profit organization client, I helped it apply for and obtain tax exemption status with federal, state and county governments.

Tomorrow's entry: a video showing what it can be like when you don't plan ahead, or when you make unsound business decisions.


Gary Krupa is a CPA in New York and Arizona, with more than twenty-five years experience providing accounting, tax, audit and computer services to small and medium-size organizations. He’s especially attentive to the needs of his clients. He moved to Rimrock, Arizona in late May 2008. He has offices in Rimrock and Peoria, AZ. His e-mail address is gkcpa@q.com.
Read more about Gary Krupa's accounting service by following this link:

The Right CPA, to Help You Win at Monopoly and Business