Jim Liggett, CPA: Trusted Advisor in Financial Strategy, Tax Compliance & Corporate Growth

 In a financial world where compliance, transparency, and strategy intersect, Jim Liggett, CPA has established himself as a trusted advisor for both public and private companies. With decades of experience in financial reporting, tax compliance, and business valuation, Jim currently serves as a Partner at Liggett & Webb P.A., a nationally respected CPA firm with offices in Boynton Beach, Florida.

He specializes in guiding companies through complex transactions such as initial and secondary public offerings, private placements, mergers, and reverse mergers. His insights are grounded in real-world experience and a deep understanding of today’s evolving regulatory frameworks. Jim is known not only for the precision of his work but for his ability to communicate financial complexity in ways that drive confident business decisions.

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🔹 An Academic Foundation Built for Business Precision

Jim Liggett holds a Bachelor of Science in Accounting and Management Information Systems from Drexel University, where he developed his foundational expertise in financial systems, accounting standards, and business strategy. As a member of the American Institute of Certified Public Accountants (AICPA) and the New York and New Jersey State Society of CPAs, Jim continues to stay ahead of emerging accounting practices, technologies, and regulatory changes.

His professional background spans audit, tax, and advisory services to clients in diverse sectors such as wholesale distribution, life sciences, technology, and broker-dealers. His experience makes him uniquely equipped to understand the financial nuances of each industry—something that his clients value deeply. His professional evolution, including his advisory impact on the corporate growth of several public entities, is outlined in his detailed Crunchbase profile.

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🔹 Financial Foresight, Not Just Compliance

What truly sets Jim apart is his belief that financial statements are not just for compliance—they’re strategic tools for long-term growth. His leadership at Liggett & Webb P.A. is defined by a proactive, relationship-based approach. He works closely with executives, legal teams, and board members to ensure every decision is built on solid financial understanding—from tax planning to valuation analysis and capital market readiness.

As outlined in his SmartMoneyMatch profile, Jim is especially valued for his role in preparing companies for major financial events, whether it be an acquisition, an IPO, or a large-scale audit. He helps clients ensure that all financial data is both accurate and strategically presented—because in high-stakes business, trust begins with the numbers.

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🔹 Conclusion: The Value of a CPA Who Thinks Like a Strategist

In every engagement, Jim Liggett brings not only technical expertise but also a strategic mindset focused on long-term business health. His clients don’t just see him as an accountant—they see him as a partner in growth. Whether guiding a fast-growing tech firm through an IPO or advising a legacy distributor on tax efficiencies, Jim blends foresight, precision, and integrity into everything he does.

For companies looking to scale, comply, and thrive in today’s market, Jim Liggett, CPA, is the advisor you want in your corner.

Financial Tips from Jim Liggett, CPA: Insights for Businesses and Individuals

 

Jim Liggett, CPA, a seasoned Certified Public Accountant and partner at Liggett & Webb P.A., brings decades of experience in accounting, tax preparation, and business advisory services. Specializing in financial reporting, tax compliance, and business valuations, Liggett has helped numerous public and privately-held companies across industries achieve their financial goals. Here, he shares some key tips for managing finances effectively and planning for long-term success.

Effective Tax Planning for Small Businesses: Expert Advice from Jim Liggett, CPA

Jim Liggett, a seasoned certified public accountant with three decades of experience, offers essential advice on effective tax planning for small businesses. As a partner at Liggett & Webb P.A. and a co-founder of MLZ Partners LLP and Outsource Partners International, Liggett has extensive expertise in tax preparation, planning, and compliance. Here, he shares key strategies to help small businesses optimize their tax outcomes and ensure compliance with tax laws.

Why are Audits Important?

 

The Meaning and Definition of Auditing

'Audit' is derived from the Latin word 'audire,' which means 'to hear.' In early days, one had to listen to an accountant read over the accounts for verification. He was known as the auditor.

The purpose of an audit is to determine the reliability and validity of the information. Detecting and preventing future errors/frauds by examining books of accounts, vouchers, and documents is the main function of auditing. It protects the company's financial interests. In developed countries like the USA, expatriate taxation can be a tricky matter. In this article, Certified Public Accountant Jim Liggett CPA, will take a look at the importance of an audit system to a company.

 

Functions of Performed by a Public Accountant

The functions performed by public accountants are very important, since their main objective is to comply with the fiscal regulations established by the state in which they operate as well as to facilitate decision-making by the managerial levels of the company or organization.

Here, experienced certified public accountant Jim Liggett CPA will share the main tasks performed by a CPA.

 

What Are Tax Audits?

A tax audit is a review of your tax return by the IRS to verify that you correctly reported your income and deductions.

The IRS (Internal Revenue Service) can decide to make a tax audit to examine your tax return a little more closely and verify that you reported your income and claimed your deductions correctly.

“Generally, your tax return is chosen for audit when something on your return is out of the ordinary,” says experienced certified pubic accountant, Jim Liggett CPA.


The IRS has three main types of audits: the mail audit, the office audit, and the field audit.

Here, Liggett CPA will explain more in depth these types.

Audit by mail 

If the IRS decides to conduct any type of audit, you will always receive a mail notification. The simplest type of IRS review is the audit by mail and does not require you to meet with an auditor in person.

Liggett CPA indicates that generaly, an additional documentation can be requested by the IRS to verify several of the items you included on your tax return.

Office audit

According to Liggett CPA, in the case of an office audit, you are required to go to a local IRS office.

Usually, these audits include questioning by an audit officer about the information in your return.

Liggett CPA also specifies that you can be asked to bring specific information to an audit office. This information may include books and records for your business, your bank statements, and personal receipts.

The professional who is specialized in providing tax, audit and accounting services to companies indicates that you have the right to bring an accountant or attorney to represent you at these meetings.

Field audit

The field audit is the most comprehensive review that the IRS conducts. The audit will be conducted at your home or workplace by an IRS agent. Field audit are generally conducted when more than one deduction or two are being examined by the IRS.

This very comprehensive audit usually will cover many, if not all, of the items on your tax return.

The possible results of an audit

Jim Liggett CPA shares that there are three possible results of an IRS audit:

The IRS is satisfied with the explanations and the documentation you have provided and will not require from you to change anything on your tax return.

The IRS proposes changes to your tax return. You can accept the changes and sign a review report or other form provided by the IRS and establish some type of payment agreement.

The IRS proposes changes to your tax return and you do not accept the changes. Then, you can request a meeting with an IRS administrator to further examine your case, or you can request a formal appeals meeting.

Inheritances in the United States

For inheritances in the United States, the laws of each state establish who owns the assets of a person after their death. Or, to me more precise, who acquires the ownership of the real estate, money, rights and debts of the deceased, and in what percentage.

However, there are legal aspects that apply to the entire country and principles that must be known, such as the types of will, the rights of the spouses and children, succession rules and applicable taxes.