Level IV does not provide accounting advice or services. However, we work with business owners (and their accountants, if necessary) in analyzing their income and self-employment tax liabilities in an effort to reduce or eliminate these taxes legally. We can provide insights into how to reduce current tax liabilities as well as minimizing tax liabilities going forward.
Proactive tax planning is always the best way to ensure the lowest overall tax bill. When that isn't possible, understanding the audit risks and necessary documentation required by the IRS to substantiate deductions can prove invaluable to a business owner facing a large tax bill, or trying to avoid one.
Tax consulting clients of Level IV enjoy a unique benefit. That being, should you ever be audited for a tax year in which you received a tax consultation and implemented the information provided,Level IV will:
- provide pre-audit coaching on how to deal with an IRS agent and
- be with you on your audit phone call (most initial audit conversations are conducted by phone these days) to assist you in answering questions put to you by the IRS agent
And we do this for no additional charge!!
Case in point, the IRS recently audited one of our consulting clients. The audit was triggered not by our consultation, but rather by a return that was prepared by a tax preparation company that is currently under indictment by the IRS. The audit covered the year that this company prepared our client's tax return and the following year in which we provided consultation. Even though the audit wasn't triggered by our consultation and involved a tax year not included in our original consultation, we provided hours of pre-audit coaching and worked with the client in answering the complex questions posed by the IRS agent and substantiating the deductions taken, all at no additional cost to our client!
Level IV provides career management and development
services for:
- Musicians
- Artists
- Actors
- Models
We focus on handling the business side of the creative arts.
Things like:
- Image development and maintenance including:
- Marketing
- Press relations
- Overall image/look
- Wardrobe
- Fitness
- Income generation
- Contract management
- Financial management
PR/Publicity
Bookkeeping
Web Site Design and Development