Client: A federal contractor with multiple government contracts and projects across the country.

Challenge: The client was overwhelmed with managing tax compliance for a growing list of contracts. They faced significant issues with missed deductions, potential tax penalties, and cumbersome record-keeping processes.

Solution: Our team worked closely with the client to identify key tax-saving opportunities. We reviewed their existing contracts, identified missed deductions, and implemented a system for efficient expense tracking. Additionally, we ensured the client was fully compliant with federal tax regulations for contractors, including specific deductions they could claim under IRS rules.

Outcome:

– The client received a substantial tax refund from previously missed deductions.

– Compliance was achieved across all contracts, reducing the risk of future penalties.

– Streamlined accounting and tax processes saved the client hours of work per week, allowing them to focus more on their projects.