Is Parent & Parent LLP the right tax firm for you? Seriously — this is not a rhetorical question. Because we really might not be. Seriously. While we are the perfect fit for many business owners and taxpayers, there are others that we are just not set up to serve.
You tell us.
Unlike a typical tax firm, Parent & Parent LLP didn’t start out as accounting and tax preparation firm that just simply grew. But rather, our evolution was completely different. Our evolution led to a revolutionary different way of thinking, and that's why we think we're a revolutionary tax firm. How did this happen?
We started by being advocates first.
From the very beginning of tax firm in 2004, our attorneys actively sought the toughest US tax cases from across the nationa and even around the globe. Cases where both the client and the IRS were both doing things wrong.
As our experience grew, the clients who we saved from disaster insisted that we prepare their taxes going forward. As their demands grew louder, we could no longer ingore the obviou. So our firm invested millions of dollars into a tax compliance division. We took our expertise and how things actually work and applied it to year-to-year compliance. To paraphrase our satisfied clients, "Who better to do you year-to-year work than the firm that got you out of the trouble someone else (and perhaps yourself) got you into?"
Our firm has become the leader in difficult offshore disclosures and even cases where there are other types of exposure in addition to civil penalties. Sure, we handle the straightforward problems, but we also handle the kinds of cases that other firms shy away from.
While high stakes excitement is not for everyone, one a huge advantage for all our clients is that we got feedback from the IRS -- in real time. And these are sometimes for strategies formed after the fact. So instead of guessing what the IRS would do in a scenario, we learned what the IRS will likely do and adjust our action plan accordingly.
This near immediate feedback is a massive advantage as opposed to waiting years to find out that the great tax idea someone had wasn't so great after all.
The fact is far too many tax professionals, while they may be fine people, are rather untested. With the IRS audit rate half of what it used to be ten years ago, many firms assume themselves to possess a competency they only may possess. Yet, as long as the IRS does not challenge them, there is not much of a problem.
We takeover cases routinely from Big Law, Big 4, small law firms, and small accounting firms. Some firms are really great rising to the ocassion. Others are not.
When coming from a large firm, our clients tell us they felt as if their old firm did not value their matters enough because they "wren't big enough." And when coming from a small firm, our cleints tell us they felt as if their old firm didn't have the adequate resources to represent them properly.
For us, one of the reasons our clients stick with us year-after-year is that our firm is that we are big enough to handle any situation, yet not so big you will get lost in the shuffle.
With close to 20 years of experience of fixing the toughest tax problems, we know how to do it once, and do it right. You can rest easy knowing your finances are in our hands.