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Reliable Tax Audit Services In Sterling, VA

Many individuals understandably dread calculating their income tax and filing income tax returns. If you make any tax calculation or ITR filing mistakes, the IRS may audit your tax returns. Why take the DIY route when you could have an expert do the heavy lifting for you? An experienced tax consultant is worth their salt. They possess specialized knowledge and understand the nature of different types of taxes.

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    40+ Professionals

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    30+ Years of Experience

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    6000+ Happy Clients

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    4.7/5 Rated On Google

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    98% Client Retention Rate

    Sareen & Associates Helps Businesses Manage Their Tax Headaches

    Sareen & Associates, Inc. offers top-notch tax consultancy services. We help businesses and individuals lower their tax liability with custom tax strategies. Our team helps our clients navigate tax-related matters and understand tax implications of financial transactions. Our flawless track record of delivering results speaks volumes. We are committed to helping our clients lower their tax liability. Our tax consultants help individuals with retirement planning and figure out ways to minimize their capital gains tax liability. If you’re a business owner, we can help you identify the best business structure that minimizes business tax liability. We also help businesses reduce payroll tax compliance risks by identifying and addressing payroll errors early.

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    A Range of Tax Consulting Services In Sterling, VA

    Our clientele includes individuals and businesses in almost all major industries. Our in-depth understanding of principles of taxation enables us to develop tailored tax strategies for our clients. We think outside the box to come up with innovative ways to reduce tax liability legally.

    • Corporate tax planning and strategy development
    • Ensuring tax compliance
    • Audit support
    • Retirement and estate and inheritance planning
    • Tax planning and filing (for individuals and businesses)
    • International tax advisory
    • Helping businesses understand tax implications of mergers and acquisitions and recommending ways to reduce tax liability
    • Ensuring compliance with state and local tax laws
    • Educating clients about government incentives and tax deductions

    Key Benefits Of Audit Consultation Services

    Fresh Perspective

    External audit consultants bring a fresh set of eyes to review processes, identify issues, and notify the areas of improvement. This unbiased approach can reveal areas that internal teams may have overlooked.

    . Extensive Expertise

    Audit consultants have in-depth knowledge of accounting standards, compliance regulations and best practices. They can provide guidance on finance management, accounting and bookkeeping, internal controls and much more.

    Technologically Enhanced Audit Quality

    Consultants frequently have access to up-to-date audit softwares and tools. They can recommend improvements in audit processes.

    Reporting Insights

    Audit consultants are skilled at varied aspects of businesses. This makes them skilled at extracting audit insights and presenting meaningful management information to highlight key issues.

    Stakeholder Confidence

    External consultants add credibility and validity to the audit results. This provides assurances to investors, regulators and other respective stakeholders.

    Why Small And Medium Sized Businesses Require Tax Audit Services?

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    Lack Of In-House Expertise

    • Small businesses or medium sized businesses rarely have an in-house audit team. Outsourced audit consultants provide specialized expertise in assessment, risk controls, and assurance.
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    Data Analysis

    • To perform informed decision making through accurate data insights, professional audit consultants are your go-to buddies. Audit consultants analyze the massive amount of data to spot trends, red flags and metrics that SMEs may miss.
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    Tax Optimization

    • Consultants advice on tax planning strategies to lower tax obligations and avoid missteps or penalties.
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    Process Improvements

    • Consultants can critically evaluate current audit processes and recommend enhancements, leading practices and automation to increase efficiency.
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    Supplement Bandwidth

    • Consultants expand capacity of small internal teams during critical audit periods so they can focus on other priorities.

    Who Should Opt For Tax Audit Services In Northern Virginia?

    Defined this way, the primary purpose of a set of audited financial statements is for the benefit of entities interested in the organization’s financial statements, such as banks, government agencies, investors, franchise organizations, and so forth. Part of any audit is to make an assessment of the latent risk of fraud and perform steps to detect the presence of ongoing fraud. However, a basic audit is not designed to find out how much has been taken; that is a different type of audit process.

     

    Sareen and Associates has experienced audit personnel on staff, and we’re happy to customize an audit to fit the needs of your particular business. We do many types of audits, so the chances are excellent that we can provide your business (and the parties that have an interest in your business) the confidence that a thorough review of the company’s financials has been performed and will stand up to the toughest scrutiny.

    • Small And Medium Sized Businesses – SMBs in Northern Virginia often lack robust in-house teams for finance management and need assistance navigating audit requirements. Audit consultancy services can provide support in ensuring financial integrity, compliance and operational efficiency.
    • Businesses Seeking Financing – Consultants lend credibility with audited financial statements required by external investors and reporting requirements for public companies.
    • Healthcare Providers – Hospitals, clinics and healthcare facilities in Northern Virginia may seek audit consulting to ensure compliance with healthcare regulations, optimize revenue cycle management and enhance operational efficiency.
    • Manufacturing And Distribution Companies – Businesses operating in the manufacturing and distribution sectors can benefit from audit consulting services to improve inventory management, supply chain management and cost control measures.
    • Organizations Undergoing Change – Mergers, acquisitions, restructuring and ERP implementations require consultants to audit complex transactions and new processes.

    Documents Required For Tax Audit Services

    List of documents for tax audit services include -

    • Bank Statements
    • Financial Statements
    • Bank Statements
    • General Ledger
    • Accounts Receivable And Payable Records
    • Tax Returns
    • Payroll Records
    • Expense Reports
    • Purchase Orders And Invoices
    • Inventory Reports
    • Contracts And Agreements
    • Invoice, Purchase Orders And Other Support Documents
    • Insurance Policies
    • Minutes Of Meeting
    • Internal Control Policies And Procedures
    • Compliance Reports
    • Audit Trails
    • Data Access And Security Protocols
    • Legal Correspondence And Regulatory Findings

    Our Process

    Audit consultants provide independent assurance and value to companies by enhancing the reliability of financial reporting, operational efficiency, and regulatory compliance. Let us explore the steps they follow -

    1

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    Initial Consultation

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    Data Analysis

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    Risk Assessment

    4

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    Audit Execution

    5

    Remediation Support

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    Reporting And Recommendations

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    Why Trust Sareen & Associates?

    • Team of experts-Our tax consultants have acquired specialized knowledge. They understand tax laws and regulations. Their experience and expertise enable them to avoid tax calculation and filing mistakes
    • We stay current with tax laws-Tax laws and regulations change regularly. Our professionals keep up with tax law changes and also educate our clients about new tax laws
    • Tax automation-We use tax preparation and filing software to streamline the tax preparation and income tax returns filing process. Our advanced software comes with an array of built-in features designed to help tax preparers avoid tax mistakes that can trigger an audit
    • Audit support- Have you received a notice that the IRS is examining or auditing your tax return? Sareen & Associates, Inc. can help. We offer a range of tax audit services. Our team can help you prepare answers to IRS questions and communicate with the agency effectively
    • We help our clients avoid penalties-By accurately calculating their tax obligation and ensuring that all deadlines are met

    OUR SERVICES

    Our Core Competencies

    Meet our team

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    Corby Wester, Payroll
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    Doug Mort, CPA
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    Pramod Gupte, CPA
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    Leonard Goodman, CPA
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    Ken Prohoniak, CPA
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    Rajesh Kumar, CPA
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    Arun Sareen, CPA

    TESTIMONIAL

    Client Opinions & Reviews

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    Shawlik
    Comma

    “I can’t thank Sareen Tax enough for their exceptional service. From individual returns to business tax planning, they’ve been an invaluable partner. Transparent pricing and expert advice – a truly reliable tax service!”

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    Daisy
    Comma

    “Sareen Tax Services has been our go-to for years. Their expertise in complex tax matters and dedication to client satisfaction are unmatched. Timely filing, personalized strategies – they deliver results!”

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    Mary R.
    Comma

    “Choosing Sareen Tax was a game-changer for my small business. Their knowledgeable team provided invaluable guidance, ensuring compliance and maximizing deductions. Trustworthy and reliable – a top-notch tax service!”

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    Phil
    Comma

    “Sareen Tax Services exceeded my expectations! Their attention to detail and personalized approach to tax planning saved me money and eliminated the stress associated with tax season. Highly recommend!”

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    INDUSTRIES SERVED

    Navigating Complexities With Expert Precision

    In the intricate landscape of modern business, the need for specialized financial services tailored to the unique requirements of varied industries. Accounting and bookkeeping firms play a pivotal role in offering such tailored solutions, catering to a diverse array of industries spanning from traditional sectors to emerging fields.

    • Communications
    • Cleaning services
    • Automotive
    • Technology
    • Contractors
    • Construction
    • Home Health Care
    • Franchises
    • Government contracting
    • Hotels/motels
    • Import/export
    • Logistics
    • Lawn & landscape
    • Restaurants

    Areas We Serve

    FAQ

    Frequently Asked Questions

    Key situations warranting audit consultants include regulatory requirements, IPO readiness, significant growth, mergers and acquisitions, internal control failures, and the need for an unbiased assessment.

    Consultants assess financial statements, internal controls, compliance, policies, processes, procedures, technology, and operational areas within the agreed scope to identify risks, gaps and opportunities.

    Consultants improve quality through technical expertise, compliance knowledge, risk assessment techniques, audit tools and software, sampled inspection, analytical procedures, and detailed reporting.

    Consultants must comply with standards like GAAS, GAGAS, PCAOB and other regulatory guidelines applicable to the entity and jurisdiction.

    Consultants only provide recommendations, not execute management functions. Implementation and decision-making remains with client management.

    OUR NEWS DESK

    Latest News & Blogs

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    • Feb 25, 2024
    • Sareen & Associates, Inc

    Navigating IRS Disputes: Tips from Tax Professionals

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    • Feb 12, 2024
    • Sareen & Associates, Inc

    Taxpayer Rights: Understanding Your Options with IRS Notices

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    • Mar 25, 2024
    • Sareen & Associates, Inc

    Your Tax Return Should Stay Private – Why You Should Say No to TurboTax’s Data Grab

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    More Questions? Seek Help of an Expert

    (703)366-3444 info@sareentax.com

    Arun’s Arunism’s

    “Either you are green and growing or you are ripe and rotting”

    “Accountants don’t retire, they just go out of balance”

    “5 P’s of business: Proper Planning Prevents Poor Performance”

    “When you fail to plan you plan to fail”

    “If your business is not successful, you need a check up from the neck up”

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