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Our Tax Services & Solutions

Our Solutions

Liberatore CPA offers a wide range of services to small business owners, large corporations, and individuals. We are a relatively small firm yet we have the experience and resources of a larger firm that enables our clients to receive a much higher level of personalized attention.

Our tenured, highly credentialed, and dedicated team are some of the most respected professionals in the industry, many of whom have a great deal of experience in dealing successfully with the IRS.

Our overriding goal is to provide a high level of personalized service that translates to our clients as a noticeably different experience from others they may have experienced in the past. Below is a list of services we offer to our clients along with a brief description.

The services we provide are designed to help our clients achieve their business and personal financial objectives. We serve a diverse clientele who have distinctly different financial challenges and needs--from the most simple--to the most complex tax scenarios.

Some of the industries and professions we serve include Attorneys, Broadcasting, Construction, Consultants, Court Reporters, Financial Services, Insurance, Landscape Services, Law Enforcement, Manufacturing, Medical, Non-profit, Printing and Publication, Real Estate, Service/Trade Contractors, Travel and Trusts, among others.

The list of services below is by no means all-inclusive, so please feel free to give us a call if you are in need of a specific service, but may not see it listed here. If it is a service we do not offer, we would be more than happy to refer you to a qualified professional.

Accounting Services

At Philip L. Liberatore, CPA, providing financial information to our clients in a timely and accurate manner is a commitment we believe cannot be compromised.

The financial statement is a valuable tool in measuring past performance and determining future decisions. In order to form a more perfect union with our clients, we understand our responsibility in preparing financial statements that yield the maximum amount of clear information for our clients. We also provide support and services for sole proprietors, small businesses, large corporations and individuals.

Our highly experienced and credentialed team offers support and review of internal controls, as well as accounting and administrative systems and procedures. In addition, we can provide assistance with preparing budgets and forecasts, analyzing retirement plans, merger and acquisition negotiations, stockholders' meetings, identifying potential growth areas and more.

Liberatore CPA’s full range of cost effective, accounting services including the following:

*General ledger & financial statement preparation
*Bookkeeping (Monthly/Quarterly/Annual)
*Accounting system setup for new businesses
*Computerized payroll services
*Business tax return preparation (Sales & Use/Business Property)
*Personal financial statements
*Litigation support

We never forget that our success depends upon your success.

Consultation.

Bookkeeping/Write Up

Meaningful, well-organized financial records ensure your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our experienced staff can assist you with the day-to-day tasks associated with bookkeeping.

Consultation.

Other Services

Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, many of which are listed below. We believe our ability to provide such a variety of services reflect our versatility and competency, as well as our dedication to quality client service.

*Mergers & acquisitions
*Asset protection
*Investment review
*Bankruptcies
*Litigation support
*Cash flow forecasting
*Employee benefit plans
*Expert witness services
*Internet commerce

Consultation.

Consulting Services

Philip L. Liberatore, CPA offers a broad range of financial management and consulting services for our clients. We are deeply committed to our clients’ prosperity and seek to establish close working relationships to achieve effective management and profitability.

We assist in planning and innovative problem-solving through our diverse and combined business experience. Our consulting services are designed to assist many types of businesses, especially sole proprietors and small business owners, in applying effective, controlled techniques to achieve targets and goals. We measure our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth while developing solutions that are practical and technically sound.

In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business at every stage of business maturity. The following are just a few of the areas we specialize in:

*Accounting software selection and implementation
*Type of entity selection
*Business valuations
*Buying/selling a business
*Computer systems
*Financial & retirement decisions

Consultation.

Financial Statements

We assist clients in the preparation of financial statements, in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful management tool for making financial decisions.

Consultation.

IRS Representation

Settle for Pennies With the IRS!

Many taxpayers find themselves in a position where they can never pay off the IRS. It becomes mathematically impossible with all the penalties and interest the IRS continues to ADD every day.

The new IRS program called Offer In Compromise allows you to pay the IRS a small amount (pennies on the dollar) and have them wipe out the total amount you owe, including all penalties and interest. When the IRS accepts your offer and you pay it, then ALL federal tax liens are removed.

You Get Your Life Back!

Preparing and successfully negotiating an Offer In Compromise is a complicated process and currently takes 9-12 months. Our firm handles the preparation of Offers In Compromise and all of the negotiations with the IRS. Your Offer is completely handled by our firm. You never have to meet with the IRS to discuss your Offer.

IRS Audit Letter?

There is nothing worse than receiving an IRS audit letter in the mail. The time away from your job and family is considerable when dealing with an IRS audit. We don't suggest any individual or business meet with the IRS directly, in connection with an audit. The IRS auditors are trained to get more information out of you than you have to provide.

The first thing we recommend is having an independent CPA handle all correspondence and meetings with the IRS. This puts the IRS on notice that you are serious about winning your audit.

The preparation before the audit appointment is extremely important. Our firm handles IRS audits by essentially performing an audit on your records in our office before the scheduled audit date. This way we uncover any areas where your documentation is not adequate before the IRS auditor looks at your records. IRS audits usually start with one year and then expand to other years as the auditor make changes. Our goal is to stop the auditors in the first year being audited in order to prevent any additional changes in other years.

Our firm meets with the IRS auditor either in their office or our office, but not in your home or office. You can continue with your business and personal life and let us deal directly with the IRS.

Delinquent Returns

Taxpayers get behind in filing tax returns from time to time and often make the problem worse by never filing. You know the IRS is out there looking for you and you want to start sleeping peacefully again. So what's the hold up?

Well, most people with unfiled returns are afraid of what will happen to them when they get back in the system. By using Philip L. Liberatore, CPA to represent you as you file these old returns, we will be the contact person with the IRS. We handle all IRS communications and enable you to find freedom from the IRS, relieving the huge burden you have been carrying.

The IRS

The IRS Restructuring and Reform Act of 1998, a complex tax law just passed by Congress, directly affects individual taxpayers in a variety of important ways. However, the most important part of the new law, from an immediate tax planning perspective, has nothing to do with IRS reform. The new law clarifies and expands many of the important tax breaks initiated in last year's historic tax-cut legislation, including capital gain tax rate reductions, Roth IRAs and many other provisions.

The new law also provides a long list of new taxpayer rights and reorganizes the IRS under a new structure intended to discourage abusive tactics by its agents.

For more information about IRS Representation please visit www.yourirsproblemsolvers.com.

Consultation.

Payroll Services

As a business grows, it must hire more employees, and this typically results in increased payroll administration. Our experienced team can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our accounting professionals can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.

Consultation.

Sales Tax Services

Several of our clients are responsible for collecting and submitting sales taxes in many different geographical areas. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner.

Consultation.

Tax Preparation

Declare your independence from the headache of taxes! Philip L. Liberatore, CPA provides complete tax advice and preparation with a wide range of federal, state and local tax services. We serve individuals, sole proprietors, corporations, partnerships, trusts, estates and other legal entities and specialize in providing services to court reporters, travel agencies and trucking companies. We also prepare franchise, property, sales, estate, payroll, fiduciary, and gift tax returns for many clients.

We help our clients minimize their taxes by suggesting tax strategies, arranging business structures and current tax analysis. Our tax return preparations focus on maximizing all exemptions, exclusions, credits and deductions allowed by law. By keeping up-to-date on the changes in federal, state and local tax regulations, we can maximize the benefits of your tax structure.

In addition, we can provide a tax-oriented investment analysis to determine the tax implications of the estate, trust, retirement and other portfolios. Given our extensive knowledge of the tax field, and the special needs of sole proprietors and small businesses in particular, we can assist you with any tax examinations and reviews. Our services are designed to help our clients achieve their business and personal objectives.

Let us help you write your own Tax Act and minimize the tax bite while maximizing your investment goals.

Consultation.

Tax Services

One of the major services we provide to our clients is tax planning and consulting. We review tax issues in connection with the annual review and believe the highest quality of tax services we provide includes timely response to tax and financial issues.

We help our clients minimize their taxes by suggesting tax strategies, arranging business structures and current tax analysis. Our tax return preparations focus on maximizing all exemptions, exclusions, credits and deductions allowed by law. By keeping up-to-date on the changes in federal, state and local tax regulations, we can maximize the benefits of your tax structure.

In addition, we can provide a tax-oriented investment analysis to determine the tax implications of the estate, trust, retirement and other portfolios. Given our extensive knowledge in the tax arena, and the special needs of sole proprietors and small businesses in particular, we can assist you with any tax examinations and reviews. Our services are designed to help our clients achieve their business and personal objectives.

Let us help you write your own Tax Act and minimize the tax bite while maximizing your investment goals.

Consultation.

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