Earned Income Tax Credit (EITC): TAS Study Finds that Sending an Informative, Tailored Letter to Taxpayers Who Appear to Have Erroneously Claimed EITC Can Avert Future Noncompliance Taxpayers can c...
IRS Administrative Policy and Recent Litigation Weaken Supervisory Approval Requirement for Penalties In the past, I&rsquo;ve written extensively about penalties &ndash; touching on topics ...
Puerto Rico Taxpayer Advocate Service offices are temporarily closed due to the effects of Hurricane Maria. The local Puerto Rico office&nbsp;will remain&nbsp;closed for business through Fr...
Tax Reform:&nbsp;Hope Springs Eternal This Fall The next few weeks and months are shaping up to be an exciting time for advocates of tax reform.&nbsp;To be sure, the details of a tax reform...
Previously, I discussed my concerns about installment agreements (IAs) and the study TAS Research conducted on IAs.&nbsp;Today I will discuss the recommendations I have made to the IRS to a...
Some Taxpayer Advocate Service offices were temporarily closed due to the effects of Hurricane Irma. As of Monday, September 18, 2017, all TAS offices in Florida are currently open for business. He...
In this and next week&rsquo;s blog, I will discuss my recent Most Serious Problem on Installment Agreements (IAs) and the corresponding Research Study that was published in my 2016 Annual Repor...
About this time every year, my wonderful staff of attorney-advisors presents me with early drafts of the discussion of the ten most litigated issues in federal courts that are ultimately published ...
Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details ar...
In last week&rsquo;s blog, I described the Federal Payment Levy Program (FPLP) and outlined my general concerns about the IRS&rsquo;s implementation of the &ldquo;Low Income Filter&...
Caton Consulting Group, P.C. provides a wide range of services to individuals and businesses in a variety of industries. At Caton Consulting Group, P.C., we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Our professional services include:
At Caton Consulting Group, P.C., we guide our clients through a full range of tax planning and preparation decisions with strategies aimed at minimizing your tax liabilities, maximizing your cash flow and achieving your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and current on the tax laws and can make sense of your receipts, bills and notices.
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Caton Consulting Group, P.C.'s accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning and investments.
These services include but are not limited to:
Preparation Engagements - Prepared Financial Statements which can be used for internal purposes or shared with third-parties. Prepared Financial Statements are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. We don't just help you use the software, we help you use it more efficiently and more effectively.
Caton Consulting Group, P.C. offers the following solutions to help meet your QuickBooks needs:
We train you personally! Either one-on-one or several individuals within your organization at your company's location.
We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.
We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software, but we can also provide accounting and payroll assistance.
Our QuickBooks review service helps companies that have the expertise to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Caton Consulting Group, P.C. can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
Your business entity type has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Caton Consulting Group, P.C. can advise you on choosing an entity type and restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most appropriate entity type for the functions your business performs.
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to support you in answering any and all questions the IRS may be asking of you.
Caton Consulting Group, P.C.'s payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Caton Consulting Group, P.C. can help you maintain ideal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
No one can predict the future perfectly, but we can all benefit from planning for it. Caton Consulting Group, P.C. combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. Depending on your needs, our work can range from top-level reports to detailed financial models.
105 Decker Court, Suite 870
Irving, Texas 75062
Phone: (972) 650-1900
Fax: (972) 616-6219
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