MWA is now CLA

We are excited to share that we plan to join CLA (CliftonLarsonAllen LLP) on November 1, 2018. CLA is a national professional services firm that, like us, has developed an approach to business grown out of a passion for the businesses in our communities and a deep concern for the people who make them run. Please click here for more information:

https://www.claconnect.com/media/mwa-cpa-and-business-advisory-firm-joins-cla


As CLA, we can offer you even deeper knowledge and capabilities when you need it — while retaining the agility we have today.
All told, this transition should feel seamless. Take a look at CLAconnect.com to get a feel for CLA — creating opportunities for businesses, individuals, and communities through industry-focused wealth advisory, outsourcing, audit, tax, and consulting services.
If you have any questions or concerns, please do not hesitate to contact us. We look forward to continuing to serve you.
 

The IRS Declared War on Our Client, But We Were Ready

Client Profile

Our client’s business was growing at an unexpected rate, but as is the case with many quickly growing enterprises, monthly cash flow can be difficult to maintain. To free up cash for its expanding operations, our client asked us to explore every possible way to lower its anticipated tax liability. Our client ultimately chose a tax minimization strategy that was substantiated by the law, but was still unproven in tax court at that point in time. 

Pain Point

As anticipated, the IRS audited our client and all its related businesses, and the client asked us to defend its strategy aggressively and minimize its pending tax liability of more than $850,000. 

The Right Solution

Throughout the audit process we documented every step we took and every transaction made, including the supporting case law we used to support our client’s tax strategy. Our arguments successfully swayed the auditor to agree with the majority of our points and to eliminate nearly $500,000 from the total tax liability demanded. 

Above and Beyond Results

We referred our client to a tax attorney who is very familiar with the IRS appeals process and gave our client the best chance to prevail against the audit. By collaborating closely with the tax attorney, we further reduced the client’s total tax liability to less than $150,000.