Is you client getting audited?
Do you have the resources?
How about outsourcing it to us?
Powered Books
Why Choose Us
| In-House Vs Outsourced to Powered Books | In-House | Powered Books |
|---|---|---|
| Easily scalable | ✖ | ✔ |
| Access to large & experienced pool of bookkeepers | ✖ | ✔ |
| Cost effective | ✖ | ✔ |
| Work on multiple clients | ✖ | ✔ |
| More focus on growing & adding new clients | ✖ | ✔ |
Join our ever growing list of CPAs, Tax Attorneys and Accounting firms who rely on us to handle the audit documentation for their Clients.
Powered Books
Audit Documentation Assistance Services
- We do an interview to understand the nature of the business in detail. This includes understanding the cash flow (Income Source and main expense sources like vendors, contractors etc.).
- We will download the bank and credit card statements from your bank, with your authorization. If you already have the bank/CC statements saved in some cloud storage, we can download it from there.
- We will study the 1040 form and the schedules that were submitted to the IRS and prepare documentation to validate what was reported.
Powered Books
Requirements for All IRS Audit
- Provide all the relevant documentation and records that were used for the tax returns submitted is the main key.
- In preparation for Audits, Copies of Receipts, Bank statements, Credit card statements, Invoices, W-2, 1040 forms, Expense overheads, P & L statements should be kept available.
