Santa Maria, CA Accounting Firm | Tax Preparation Planning Page | Lapp, Fatch, Myers & Gallagher, Accountants

There are two distinct elements of client service in the area of taxation. There is the compliance element - the filing of tax returns and other documents with the appropriate governmental agencies and responding to their inquiries, and the planning element - succession, retirement, estate, financial, investment and transactional planning, as well as annual income tax planning. 

The compliance element is often overlooked as a value-added service. The timely filing of a tax return is important from a penalty standpoint, but it also allows the statute of limitations to begin for that return. Timely filed elections are mandated by law; miss the date, miss the election. Prompt responses to all government notices can preclude lengthy, recurring and drawn-out communications.