Tax Preparation Guarantee | Lakeline Tax
At Lakeline Tax & Bookkeeping Services, Inc., we are committed to providing our clients with accurate and reliable tax preparation services. To demonstrate our dedication, we offer the following guarantees:
1. 100% Accuracy Guarantee
If an error is found in a tax return prepared by us that results in penalties or interest from the IRS or state tax authorities, we will reimburse you for those penalties and interest, provided the error was not due to incomplete, inaccurate, or inconsistent information supplied by you.
2. Maximum Refund Guarantee
If you discover that another tax preparation method or service entitles you to a larger refund or smaller tax liability than calculated by us, we will refund the tax preparation fees upto maximum of the tax preparation fees you paid to us for that return. To qualify for the Lakeline Tax Refund Guarantee, the refund claim must be made during the calendar year in which the return was prepared. This guarantee applies only if the larger refund or smaller tax liability is not due to incomplete, inaccurate, or inconsistent information supplied by you, positions taken by you, your choice not to claim a deduction or credit, conflicting tax laws, or changes in tax laws after January 1, 2025.
3. Audit Support Guarantee
If you receive an audit letter from the IRS or a state tax authority regarding a tax return we prepared, we will provide guidance to help you understand the notice and advise you on the next steps and if required, we will represent and resolve your issues with the IRS.
Filing a Claim
To file a claim under any of these guarantees, please contact us within 30 days of receiving the notice or discovering the error. You can reach us at:
- Email: info@lakelinetax.com
- Phone: (512) 335-8037
- Address: 2521, Long Lasso Pass, Leander, TX 78641
Please provide all relevant documentation, including a copy of the tax return in question and any correspondence from the IRS or state tax authority.
Limitations
These guarantees are subject to the following limitations:
- Maximum Liability: Our liability under these guarantees is limited to the amount of fees you paid for the preparation of the tax return in question.
- Exclusions: These guarantees do not apply to errors resulting from incomplete, inaccurate, or inconsistent information provided by you, positions taken by you that may be unsubstantiated or incorrect, your choice not to claim a deduction or credit, conflicting tax laws, or changes in tax laws after the preparation of your return.
By choosing Lakeline Tax & Bookkeeping Services, Inc., you can be confident in the accuracy and reliability of your tax preparation.
Note: This guarantee policy is effective as of December 19, 2024, and is subject to change without notice.
Click here to read our blog on the major benefits of tax preparation services that can bolster your small business.
At Lakeline Tax, we offer tax planning services for businesses at every stage. For new businesses, implementing the right tax strategy from the beginning can make all the difference in profitability later on, so we create short and long-term tax plans that encourage sustainable profitability and growth.
We will review your current structure, utilize the latest accounting practices and audit methodologies, recommend any changes needed to mitigate risk, and stay complaint with the IRS to improve your profits. No matter what stage your business is in, we’ll be sure it’s positioned to take advantage of all tax deductions allowed under state and federal law. We watch for any revisions to tax legislation that might benefit our clients and make sure they take advantage of the savings they deserve.
Business owners often need someone who understands their business well enough to give tax-related advice. We provide all of these services with the same dedication that we bring to our own business.
We offer affordable small business tax preparation, payroll, and other business services to help you and your business succeed.
For many of us, income taxes are the biggest single expense that we have in our lives, yet we don’t make an intentional effort to legally cut our tax bill. While we might try to get good deals on tangible items, such as clothing, we don’t think about how to legally discount our tax bill. Our business is different in that we concentrate and work with small business owners to provide tax planning services. Our firm specializes in helping your business maximize profits and pay the least amount of taxes legally possible. We also pay close attention to asset protection and we can help with incorporations and entity restructuring services.
Additionally, through working with Lakeline Tax, you are granted peace of mind knowing that a professional enrolled agent is handling your taxes. Making mistakes can be very costly in terms of missed deductions or triggering an IRS letter or audit. An IRS-certified enrolled agent can help eliminate errors and ensure your returns are prepared correctly. You benefit from money-saving tax planning.
What are the benefits of working with a tax professional?
Tax consultants keep up with tax laws at the local, state, and federal levels, something that you may find hard to do.
If you own a business, filing your taxes can be daunting, especially when you factor in things like sales taxes, which have to be returned several times annually. Trying to file your own taxes may save you money short-term, but will harm you long-term, especially as your business grows.
With a professional tax advisor, you’ll have a better understanding of your tax deductions and you will be given advice about making strategic investments that will help you avoid tax liabilities. An expert tax consultant will not only advise you on how to effectively save on taxes, but also improve your financial portfolio.
You’d be surprised at the number of people fined for making tax mistakes or penalized for not filing on time. With a tax consultant, you don’t have to go digging up all your files and double-check that everything is correct because they’ll do all that for you on time. This means you can place your focus on your business.
Generally, a small business is not required to have a certified public accountant, or CPA. A CPA would be needed if the small business must have its financial statements audited or reviewed to obtain a bank loan, apply for a grant, bid on a job, or some other unique requirement.
Charges for preparing quarterly and year-end business taxes vary depending on the complexity, size of the firm, and the kind of business. Fees for preparing monthly, quarterly, and annual payroll tax forms are usually included as part of a payroll service. Income taxes for a sole proprietorship with no employees are filed as part of the owner’s personal income taxes.
Roughly estimated, hourly rates run from $100-$400 for small and medium businesses. Generally, a fairly simple income tax return for a partnership, corporation, or sole proprietorship with few or no employees starts around $600-$1000 and can go up to $1,500-$4,500 or more depending on the complexity.
Real estate tax laws can be complicated and our tax advisors can help you understand the tax laws related to your properties. It’s important to stay on top of your taxes. Proper preparation can make things much easier when it comes time to file your taxes. We can help to simplify the depreciation estimation process for your real estate business to maximize legally allowed depreciation.
We work with real estate developers, investors, and small business owners of virtually all types. This includes single-family, multifamily, and commercial investors of all sizes. We’ve worked with clients with just a handful of properties to clients with dozens of properties.
Small businesses, in general, are nearly ten times more likely to be audited than individuals who don’t own businesses. The more money you make, the greater your chances of being selected for an audit. The real question is when you are audited, will you survive it? Is your tax preparer capable of representing you if you are audited? Lakeline Tax will be here for you, and we are qualified to represent you in front of the IRS.
Don’t take our word for it
Here’s what customers who made the switch had to say
We constantly update our knowledge and keep ourselves current with the latest tax laws and develop new techniques to save our clients the most money on their taxes. Click here to check the Credentials and Qualifications for Tax preparation experts.
Lakeline Tax provides tax preparation services for everyone including Self-Employed Tax Returns, Individual Tax Preparation, Partnership & Corporate Taxes, Bookkeeping, Tax Planning, and Tax Resolution, serving Austin, Cedar Park, Leander, Liberty Hill, and surrounding cities, along with all 50 states. We utilize QuickBooks and are certified QuickBooks ProAdvisors. Get more done with us.