Advisory

Advisory

At Diversified Financial, our team can help your business navigate important decisions from organization structure to benefit planning. If you’re needing support on anything from IRS audits to capital investments, we expose the tax implications and help you make the profitable choice.

Business Entity Selection

The way you structure your business has far-reaching tax and financial implications. Each business entity class—partnership, LLC, sole proprietorship, S corporation, etc.—has distinct advantages and disadvantages with respect to tax liability, personal asset protection, operational structure, and more. Selecting the best entity type for your company requires careful analysis of your business objectives.

We will thoroughly review your current transactions and business plan with you to help you find the ideal structure for your business. And because the best entity designation today might not suit your evolving needs in the future, we will also provide guidance on how to regularly reassess your business structure, and change it if appropriate.

IRS Representation

Whether you receive an audit notice or just a request for clarification about an item on your personal or business tax return, the thought of facing the IRS by yourself can be overwhelming. Unfortunately, many tax preparers are not prepared to represent you before the IRS. If a problem arises with a return they filed for you, you might be left on your own to resolve the issue.

We will advocate on your behalf and help you and your staff assemble any documentation that IRS agents might request, so that you are never fending for yourself.

By drawing upon our years of experience in handling audit procedures, tax rules, and filings, we can take the stress out of working with the IRS to protect your rights as a taxpayer. Our goal is always to ensure you pay the minimum and correct tax prescribed by the law.

Statute of Limitations

The Statute of Limitations dictates the amount of time allocated for certain tax-related actions.  It is important to know when the Statute of Limitations expires, but it is just as important to know what to do with that information. We have the expertise to help you make those decisions. Sometimes, filing for a certain status or payment plan can do more harm than good. Everyone’s tax debt issues are different and it is critical that all factors be considered. Our tax professionals will find out how the Statute of Limitations applies to your circumstances and then advise you as to the best course of action to take.

Retirement Planning

Whether you are devising your personal retirement strategy or choosing a retirement plan to offer your employees, we can help you find the best options for you. For businesses, we can carefully review the unique financial realities of your company and employee population, so you can offer retirement plans that serve everyone’s best financial interests. For individuals and couples, retirement is deeply personal and we take pride in working with our clients on an individual basis to determine a strategy that fits your unique financial situation, risk tolerance, and long-term goals.