Our audit and attest services team includes highly trained CPAs with extensive audit experiences. We provide audit and attest services to clients across industries inclu...
Reevaluating your tax structure is a smart thing to do because proper tax planning and business entity reorganization can save precious capital that can be used to expand your business.
Accounting & Payroll
Our online portal is the future of business accounting and payroll management. You are able to submit and access payroll information 24/7 by logging onto our secure, private portal.
Are you thinking about starting a business? Are you wondering what your first steps should be? Community CPA can help.
Audit and Attest
Our audit and attest services team includes highly trained CPAs with extensive audit experiences. We provide audit and attest services to clients across industries including nonprofits, governmental (cities, school districts, local and state governmental agencies), construction, healthcare, professional services and banking and other financial service organizations. Our other attest services include examinations, reviews, agreed-upon procedures and compilation services. We also provide other special purpose reporting services to non-profit organizations, governmental agencies and private corporations.
Community CPA is specialized in providing examination services to historic property developers for the issuance of State and Federal historic preservation tax credit attestations. We have developed a seamless approach to helping clients who are engaged in rehabilitating historic properties to comply with the federal and states requirements and to provide a CPA report on examination of Qualified Rehabilitation Expenditures, as required by the Economic Development Authority and the State Historic Preservation Office for State and Federal tax credits. We also help our clients to develop an accounting and tracking system to maintain financial records in accordance with the requirements of the historic preservation tax credit program.
Through our services, we provide advice on unique compliance and regulatory requirements that are critical to our clients’ overall mission. We provide timely advice and assist our clients in making operational and strategic management decisions. Our auditors are experienced and we deploy sophisticated audit tools that enhance the audit efficiency. The extensive audit knowledge and experience together with enhanced audit tools provide Community CPA with a clear competitive edge evident in our very competitive audit fees in the market place.
Our audit practice is compliant with all regulatory requirements in the profession. Please click the following link to access our most recent peer review report.
IRS Audit Representation Services
Whether an audit is for personal or business taxes, you can trust us to provide knowledgeable and experienced assistance to help resolve your issues. We are authorized to represent both you and your business in dealings with State and Federal government agencies for your convenience so you will not need to deal directly with their auditors.
There is nothing more stressful than getting an audit letter from the IRS, or having the IRS file a lien on you because of the overdue tax liabilities. Community CPA & Associates, Inc. is your best choice for handling, negotiating or resolving any dispute with the IRS.
We will represent you with honor, integrity and diligence because:
Click on the links below to see some of the IRS No Change Letters and Court Case we have handled.
Tax Planning, Re-Structuring, and Tax Preparation
Reevaluating your tax structure is a smart thing to do because proper tax planning and reorganizing your business entity can help save cash that can be used to expand your business. We help you choose and form suitable tax entities and obtain all required licenses and permits to run your particular trade or business.
Tax planning happens at Community CPA & Associates, Inc. annually around the month of November. If you have done tax planning with Ying in the past, then you understand how complex issues can be made simple and how tax dues can be turned into cash savings.
A good tax strategist would not solely dwell on business expense deductions. For example, if a business wants to deduct Starbucks coffee as a business expense, then the business owner has to prove that the coffee was intended for a meeting with a client and further explain how the $3.85 was paid on behalf of the client. This is hardly worth your time and energy. At Community CPA, we believe in saving taxes by thousands by finding ways to reduce your taxable income by tens of thousands. As a firm, we possess the key to your success through having the knowledge of tax structures and tax planning and hence, save you a lot more than deducting Starbucks coffees.
Tax audit representation is a piece which separates Community CPA with the rest of the accounting firms. We do not settle with the IRS auditor if it deemed to be unreasonable and ultimately negatively affect our client. We have taken the cases through all levels up to the Appeals and to the Tax Court to claim the win for the taxpayer.
Many CPA firms shy away from representing clients in front of IRS. It is time consuming and also unpredictable. It depends on which auditor or auditor manager you are working with and your future can be different as night and day. At Community CPA, we fully understand the rights of the taxpayer. Our goal is to represent you fairly and fully in front of IRS. Even if you ended up paying taxes to IRS, we want to make sure that you truly made it and you truly deserve to pay additional taxes. We have often found that you should not be paying if you were working with hardworking POAs. We have the utmost confidence in the big machine of IRS and we trust that if you were charged unfairly by the auditor, we will find the justice for you no matter the cost.
We receive No Change Letters from IRS all the time for the work we do for our clients. To find out our skills, experiences, work attitude and our past successful cases, then please give us a call and we will provide you with references that are relevant to you. Once you see how others not only survived, but thrived, you will be at ease to live your life while working with IRS on audit.
At Community CPA, we also work with auditors from the State government. Same principles apply to our practice. You can trust us to represent you whenever your tax money is involved.
The process of tax planning, audit representation, tax re-structuring, and tax preparation at Community CPA is always easy to implement and simple to understand. You will never worry about "not getting it".
Tax Treaty and Foreign Assets Reporting
We are specialists with international tax needs, including:
We keep up with the regulatory changes related to foreign bank account and foreign assets reporting, and we work with clients to resolve issues and meet the reporting requirements. We can help you withstand the changes in the business world that are created by evolving regulations.
Foreign tax issues can be confusing, frustrating, overwhelming and intimidating. At Community CPA & Associates, Inc., we specialize in dealing with foreign tax issues. You can count on our extensive knowledge and experience to help solve your problem.
As an individual, you can encounter these issues when you are not a US citizen, but they can also crop up if you are a US citizen and have foreign investments and bank savings. As a business, you can encounter foreign tax issues when hiring workers in the United States with Visas, or when you need to send employees out of the country to work for a period of time.
To give you an idea of the types of other foreign tax assistance we offer, we've listed the questions we are frequently asked:
If you have similar questions, you will surely find your answers with us. You can email us your questions, and depending on the complexity of your situation, we can often give you the answers you need without charge. If your situation is a bit more complex, you can set up an appointment and we will be delighted to work with you. We are committed to helping you understand and resolve these issues.
Accounting & Payroll
24/7 Payroll, Vendor Payments and Financial Information
Our online portal is the future of business accounting and payroll management. You are able to submit and access payroll information 24/7 by logging onto our secure, private portal. Paychecks can either be directly deposited into employee's bank accounts, or as the business owner, you can choose to print checks at your office. Our online portal also allows you to make vendor payments 24/7 or view financial statements from any location with internet access.
We provide business IT solutions that give you the freedom to manage your business remotely.
You can monitor your cashier’s activities from your iPhone and research an event that was recorded online through our online camera system. In addition to providing 24/7 payroll and vendor payment access, we also set up POS and inventory system designed specifically for your needs.
Community CPA is globally oriented; hence immigration is an intricate part of the business. Over the years, the firm has partnered with immigration attorneys on many successful H-1 filings and is very knowledgeable of USCIS’ rules on H-1B “general contractors”. We are also familiar with the process of the immigration filings such as: L-1, EB2 & 5, citizenship and green card.
In addition, Community CPA is set apart by its vast array of services we provide such as:
Business Loans and Business Plans
Are you thinking about starting a business? Are you wondering what your first steps should be? Community CPA & Associates, Inc. can help. We understand the underwriting process within each bank. Our team will take you through the "Three Steps to Run a Successful Business" plan, and provide you with the knowledge and information you need for institutional loan applications and jumpstarting your business.
Business IT Solutions
We provide business IT solutions that give you the freedom to manage your business remotely. You can monitor cashier activities on your iPhone, or you can research an event that was recorded online through our no monthly fee Internet-based camera system. In addition to providing 24/7 payroll and vendor payment access, we can also set up a POS and inventory system designed specifically for your needs. We guarantee you will be pleased with our reasonable fees for comprehensive, powerful and flexible total business IT solutions that offers convenience, freedom, and peace of mind.
On behalf of all the women in the Dream Builder class at the Iowa Center, I thank you for your insightful presentation. The way you explained “Assumptions, Profit & Loss, Balance Sheet, Cash Flow Statement, Break Even Analysis and Worst Case Scenario,” was extremely helpful and straightforward. We appreciate you taking the time to share your story and your expertise. We all benefited from the exceptional way you presented the material! You taught us that the numbers don’t have to be overwhelming and gave us invaluable information on how to run our businesses.
We hope to stay in touch and look forward to following your success.
The Iowa Center Team
You are amazing! Thank you for sharing your knowledge in such a “real” way. Best of luck to your son in Iowa City.
Thank you for coming to speak to our Dream Builder class – especially for travelling to do so! Our students loved your presentation, and so did we. We hope you’ll return to teach again in the future!
All the best,
Michelle & Jess
Thank you for being our guest speaker at the Honors Dinner and for the unexpected gift of $250. It was unexpected. Your message was wonderful and we look forward to a continuing relationship. Quick side note, I have found a church on the Illinois side who is interested in hosting IES. I am excited about this.
Thank you again for your talk and donation.
Grant Curtis, President
Quad Cities Alliance for Immigrants & Refugees
After 12 years and 3 CPA's later Ying and her staff at Community CPA resolved a 12 year old tax matter with the highest level of professionism that every business should follow. Every call was answered or returned within that day no matter how busy she was. Ying gave me advice on starting the process myself to save me money on the firms services. Ying and her staff impress me with all the knowledge they have with the tax system. I would like to thank Community CPA again for there professional and honest services they provided me and I highly recommend them. I am so grateful I found this firm!
- a small business owner