HOUSTON, Aug. 9, 2011 /PRNewswire/ -- alliantgroup, the nation's premier provider of specialty tax consulting and tax controversy services, is experiencing solid growth in its Tax Controversy Services business with an uptick in the number of audits among federal, state and local taxing authorities. The firm's team of CPAs and lawyers provide taxpayers with accounting expertise and legal services at every step through the process from pre-audit counsel to audit defense to assistance with any lawsuit.
"The challenging economic climate has tax officials at all levels more vigilant than ever on the audit front," said Dhaval Jadav, CEO of alliantgroup. "Unfortunately, taxpayers too often underestimate the importance of understanding and controlling events. alliantgroup's Tax Controversy Services team knows the law, accounting principles, the audit process and specific industries, providing clients with the right resources and ability to close an audit quickly and successfully."
Key considerations for taxpayers who may be faced with a current or future audit:
- Audit Planning/Pre-Audit Analysis – alliantgroup knows it's never too early to prepare for an audit and that today, examiners look beyond just tax returns. Document retention is a critical factor in any defense and a pre-audit analysis ensures the proper substantiation and record keeping that can be the difference between success and a lawsuit.
- Audit Management – Managing an audit is more than simply answering information document requests when served. alliantgroup believes a successful resolution requires a proactive and prepared presentation to focus examiners on the key issues and guide the audit to a timely and fair conclusion.
- Substantive and Procedural Knowledge – There is a need to have a team that can go beyond just the application of substantive law. Additional knowledge is needed in applying the numerous procedural mechanisms that can be invaluable in determining the course of an audit. alliantgroup professionals include engineers, IT specialists and scientists, in addition to those with accounting and legal services experience.
"At alliantgroup, we understand that different tax positions require different resources and we provide a multidimensional team that delivers the best defense," added Jeremy Fingeret, Managing Director of alliantgroup. "alliantgroup works with companies across a wide range of industries as well as their existing accountants to effectively deal with the realities of a more stringent audit environment."
alliantgroup is the nation's premier provider of specialty tax services. Headquartered in Houston, TX, alliantgroup works with accountants and their clients to ensure that they receive the full benefits of all available federal and state government sponsored tax credit and incentive programs, such as the research and development tax credit, export tax incentives, manufacturing tax incentives, federal and state hiring credits, sales and use tax refund reviews, and a dedicated tax controversy services team. For additional information please visit www.alliantgroup.com.