sponsor of the month Maria Smietana —Editor-in-Chief
Borshoff Consulting LLC Sherry Borshoff holds a Bachelor of Science degree in accounting and is the founder and owner of Borshoff Consulting LLC, a full-service tax consulting firm Sherry Borshoff located in Carmel, IN. Sherry has been an enrolled agent with the IRS since 2016. An enrolled agent (EA) is a federally licensed tax practitioner who has technical expertise in the field of taxation and who is licensed by the U.S. Department of the Treasury to represent taxpayers who are unable to pay and taxpayers who wish to avoid or recover penalties. Unlike CPAs, who may or may not choose to specialize in taxes, all EAs specialize in taxation and are required by the federal government to maintain their professional skills with continuing education. Aside from needing help to resolve tax problems, there are many good reasons to choose an EA as your tax professional. Here are just a few of the things an EA can do for you as a small business owner/taxpayer: • Income tax returns • Individuals, corporations, partnerships, LLCs, estates, farms, and trusts • Payroll/payroll tax returns • 940/941 filings • W2s and 1099s • Bookkeeping • Sales tax returns • Accounts receivable billing/invoices • Accounts payable management
• Assistance with budgeting and bill paying • Tax planning • CFO functions • Management advisory services • Cashflow management strategies • Strategies to enhance your business • Advice on business decisions and tax consequences • IRS representation • Negotiate IRS settlements and collections • IRS audit representation • Tax-related litigation support • Start-up and business consulting
changes. She still believes that all small businesses should grow and prosper without consuming the entire life of their owner. Contact information: Borshoff Consulting LLC 317-846-1005, ext. 3 www.borshoffconsulting.com
Tax preparation and tax compliance services also remain a very big part of what the firm offers, which means yearly and sometimes monthly or quarterly tax filings for small to medium businesses. It also means helping taxpayers who haven’t filed their taxes for several years get caught up and compliant. One pertinent piece of advice that Sherry offers: “If you have a refund on a return that is more than three years past due, you will not be allowed to collect that refund. I have seen past clients who have unwittingly left money on the table by not having filed their returns in time to get the refund due them.” As Sherry strives to build the best tax representation firm in the Indianapolis area and continues to grow her portfolio of business services, one thing never
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