Par and Profit LLC

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Par and Profit LLC is a Professional Services Firm based in Florida providing CFO services, tax planning, and IRS Tax Resolution to small businesses and individuals seeking these accounting services.

The Penalty You Never Saw Coming: Why Your Business Assets Just Became Government CollateralYou had enough in the operat...
06/17/2026

The Penalty You Never Saw Coming: Why Your Business Assets Just Became Government Collateral

You had enough in the operating account to cover your employees' net pay, but not enough to cover the federal tax deposit. You told yourself it was a short-term loan from the government and that you would catch up next quarter.

When those missed deposits stack up, the IRS eventually stops sending polite reminders and starts the process of securing their interest. This results in two of the most aggressive tools in the federal collection arsenal: the Notice of Federal Tax Lien (NFTL) and the Trust Fund Recovery Penalty. For a small business owner, these aren't just legal terms; they are a direct threat to your ability to keep your doors open and your personal bank account intact.

What a Payroll Tax Lien Actually Is

A tax lien is the government's legal claim against your property when you neglect or fail to pay a tax debt. While a 'silent lien' exists the moment the IRS assesses the tax and sends you the bill, the Notice of Federal Tax Lien is the public version. This is the document they file at the local land records or with the Secretary of State.

Think of it as the IRS screaming to the world—including your bank, your creditors, and your clients—that they have first dibs on everything you own. If you try to sell your equipment, refinance your building, or even secure a line of credit to survive a slow month, the lien stands in your way. It effectively freezes your credit and tells the financial world you are a high-risk gamble.

The Way Out

You do not have to face an IRS Revenue Officer alone. If you are ready to stop the notices and start solving the problem, contact our firm for a confidential consultation. We can help you navigate the complexities of payroll tax resolution and guide you back to a place of financial stability.

Contact us today for a confidential consultation:

Belayet Khan, CPA, MBA
Par and Profit LLC
[email protected]
904-575-6200

When you pay employees, you are technically acting as a trustee for the government. The money you withhold from their pa...
06/15/2026

When you pay employees, you are technically acting as a trustee for the government. The money you withhold from their paychecks for Social Security, Medicare, and income tax never belonged to your company. It belongs to the employees and the U.S. Treasury. In the eyes of the IRS, when you use that money to pay a landlord or a vendor instead of them, you haven’t just missed a payment — you’ve committed a breach of trust.

This is why the IRS is so aggressive about payroll taxes. They don’t just want the company’s money; they want to hold someone accountable. Through the Trust Fund Recovery Penalty (Internal Revenue Code section 6672), the IRS can ‘pierce the corporate veil.’ This means they can ignore your LLC or Corporation status and come after you, personally, for the portion of the tax that was withheld from employees.

Working with a qualified tax professional provides a buffer between you and the IRS. We know how to speak their language, how to navigate their internal manuals, and how to present your financial reality in a way that leads to a sustainable resolution. Whether it's stopping a garnishment or negotiating a settlement, there is a path forward.

Don't let the weight of payroll tax debt keep you up at night. Contact our firm today for a confidential consultation. Let’s look at your books, evaluate your risk, and build a plan to protect your business and your family's future.
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If you're behind on payroll taxes, now is the time to get professional guidance and get back in position.

Every year, millions of individuals and business owners receive IRS and state tax notices—and many wait too long to take...
06/04/2026

Every year, millions of individuals and business owners receive IRS and state tax notices—and many wait too long to take action. In fact, studies estimate that nearly 1 in 6 taxpayers faces some form of IRS issue, notice, or collection activity.

Government agencies take tax enforcement seriously.

The IRS and state taxing authorities have broad collection powers that can severely disrupt your finances and your life. They can file tax liens against your property, making it difficult—or sometimes impossible—to refinance or sell assets. They may levy bank accounts, garnish wages, seize refunds, and pursue aggressive collection actions with very little warning.

For business owners, the stakes can become even higher.

Unpaid payroll taxes, employee withholdings, and sales taxes are considered “trust fund” taxes by the government—meaning those funds were collected on behalf of employees or customers and are expected to be remitted promptly. Failure to properly pay these obligations can result in severe civil penalties, personal liability assessments, and in certain cases, criminal investigations.

The worst thing you can do is ignore the problem.

The second worst thing is trying to handle a complex tax controversy alone without understanding your rights, options, or the tax laws involved. Many taxpayers also turn to large national tax resolution companies that spend heavily on radio and television advertising, only to discover they are often dealing with a high-volume sales operation with limited personalized attention or strategic guidance tailored to their situation.

At Par and Profit, we take a different approach.

We provide experienced, personalized representation focused on understanding your unique circumstances, protecting your rights, and identifying the most appropriate resolution strategy available under the law. We are credentialed to represent taxpayers before the IRS and state agencies, and we carefully evaluate each case to determine what relief programs, negotiation strategies, or compliance solutions may realistically apply to your situation.

Our IRS Resolution and Tax Controversy Services include:

• IRS and State Tax Notice Response
• Installment Agreement Negotiations
• Penalty Abatement Requests
• Offer in Compromise Analysis
• Payroll Tax and Trust Fund Recovery Penalty Defense
• IRS Audit Representation
• Wage Garnishment and Bank Levy Assistance
• Tax Lien Resolution
• Un-Filed Tax Return Compliance
• Innocent Spouse Relief
• Collection Due Process Representation
• Business Tax Resolution Strategies
• Financial Disclosure and Negotiation Support

When you’re facing tax problems, you need more than advertising promises—you need experienced guidance, honest communication, and a strategy designed around your specific financial reality.

Our goal is to help you regain control, reduce uncertainty, protect your assets, and move forward with confidence.

If you have fewer than 100 employees, setting up a retirement plan for your business is easier (and more affordable) tha...
05/22/2026

If you have fewer than 100 employees, setting up a retirement plan for your business is easier (and more affordable) than most owners realize.

Many small business owners assume retirement plans are only for large companies—but that’s simply not true. You can often get a plan established quickly, provide a meaningful employee benefit, and potentially reduce your company’s taxes.

But here’s the caution: Don’t do it alone.

Too many business owners set up the “wrong” plan because they were sold a product—not given advice.

The right retirement strategy should align with:
• Your business cash flow
• Your employee demographics
• Your personal retirement goals
• Your tax strategy

That’s why it’s critical to have an advisor on your side—someone helping you, not just the investment company.

A well-designed retirement plan can be one of the best wealth-building tools for owners and employees alike.

Thinking about setting one up? Let’s talk and dive in.

Did you pay IRS late fees or penalties during COVID-19 Pandemic? You may be entitled to a refund. A recent federal court...
05/19/2026

Did you pay IRS late fees or penalties during COVID-19 Pandemic? You may be entitled to a refund.

A recent federal court case, Kwong v. United States, created a major opportunity for taxpayers who paid IRS failure-to-file penalties, failure-to-pay penalties, or interest during the pandemic.

What happened?
The court ruled that the COVID-19 federal disaster declaration automatically paused many federal tax deadlines from January 20, 2020 through July 10, 2023—not just the shorter extensions the IRS announced.

Why does this matter?
If deadlines were legally paused, then the IRS may have improperly charged penalties and interest during that period.

That means taxpayers who paid:
✅ Failure-to-Pay penalties
✅ Failure-to-File penalties
✅ Underpayment interest
✅ Other late payment-related charges

May be able to request a refund or abatement.

Important:
This is not automatic. Most taxpayers must file a (Claim for Refund and Request for Abatement) or a protective claim to preserve their rights.

If you paid Significant IRS penalties during 2020–2023. Contact Us at 904-575-6200.

Florida Business Owners - Don’t Miss This Deadline!If you own a Florida LLC, your Annual Report is due by May 1st each y...
04/28/2026

Florida Business Owners - Don’t Miss This Deadline!

If you own a Florida LLC, your Annual Report is due by May 1st each year.

✔️ This filing keeps your business in “active” status with the state
✔️ It updates important details like your address, registered agent, and ownership
✔️ It’s required even if you didn’t have any business activity

Miss the deadline? You face a $400 late fee, and continued noncompliance can lead to administrative dissolution of your LLC.

Don’t wait until the last minute. Filing only takes a few minutes, but penalties can be costly.

Need help getting it done quickly and correctly? Send us message.

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Sunday after tax deadline 😅⛳️ . Enjoying the weekend ☀️ and ready for Monday!
04/20/2026

Sunday after tax deadline 😅⛳️ . Enjoying the weekend ☀️ and ready for Monday!

Local love ❤️We like to play at .johnsgolfclub! From the short game practice area to the flow of the course, it’s built ...
03/18/2026

Local love ❤️

We like to play at .johnsgolfclub! From the short game practice area to the flow of the course, it’s built for people who actually want to get better.

We think about business the same way.

The best results don’t come from big swings—they come from understanding the small details, consistently.

Dial in your short game.
Dial in your numbers.

KnowYourNumbers EntrepreneurLife FloridaBusiness GolfAndGrowth PlaySmartBuildSmart

Good businesses track revenue.Great ones understand their numbers.A lot of business owners know what’s coming in.Fewer k...
03/18/2026

Good businesses track revenue.
Great ones understand their numbers.

A lot of business owners know what’s coming in.

Fewer know what it actually means.

Where profit is really coming from.
Where it’s leaking.
What decisions will impact their taxes.

That’s the difference between reacting and leading.

Because when you understand your numbers,
you make better decisions—year round.

—

Par & Profit
Strategy over stress.

We spent the weekend at The Players Championship—(yes, we won tickets from 🙌)And something clicked.The difference betwe...
03/18/2026

We spent the weekend at The Players Championship—(yes, we won tickets from 🙌)

And something clicked.

The difference between good and elite?
It’s not luck.
It’s precision, discipline, and knowing your numbers.

Same thing in business.

The next day, we were back on the course—focused, energized, and fueled by Kailo Bars (real protein, real ingredients, no crash 👌).

And now?
We’re bringing that same energy into tax season.

Because…

Good businesses file taxes.
Great businesses use them to win.

If your numbers feel messy, unclear, or reactive…
you’re already playing from behind.

Let’s change that.

📩 DM “AHEAD” and we’ll help you get dialed in before the deadline.

Address

Saint Augustine, FL
32084

Telephone

+19045756200

Website

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