Case Study

Tax Deductions for Established IT Firm

situation

IT Consulting Firm wasn’t taking full advantage of available state tax deductions because their former accountant didn’t fully understand their business model.

RESPONSE

After working with this client for several months, we better understood the services the client was offering and realized that their previous accountant had missed an additional election on their taxes.

We went back and amended their prior tax returns to allow for the election to deduct additional costs.

Outcome

We were able to obtain a five-figure tax refund for this client by making an this election in their Texas franchise taxes.

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