Titus CPAs (formerly Lischkoff & Pitts) Available

Owner-managed businesses in Birmingham frequently arrive at Titus CPAs (formerly Lischkoff & Pitts) facing compounding administrative friction: books that have fallen months behind, uncertainty over entity classification, or annual tax bills that arrive as unpleasant shocks. Whether assisting a first-year LLC attempting to navigate its initial Alabama business privilege tax or a multi-generational firm balancing payroll obligations across Form 1120-S and Alabama Form 20S filings, the firm intervenes when reactive compliance starts stalling operations. Led by partners Tim Pitts, Mat Cox, and Sam Bellman, the team diagnoses functional breakdowns across general ledgers, accounts payable, and payroll reconciliations before small oversights escalate into state or IRS notices.

A frequent diagnostic scenario involves growing companies considering an S corporation election to mitigate the 15.3 percent self-employment tax burden. Rather than relying on generic percentages or arbitrary splits, Titus CPAs models net operational impact, calculating the balance between payroll processing fees, corporate tax returns, and qualified business income deductions against defensible, job-matched reasonable compensation standards. Similarly, when a business falls behind on monthly bookkeeping, the firm steps directly into whatever platform the client currently uses. The staff accountants and senior managers conduct structured catch-up sprints, untangling mixed expenses, establishing internal controls, and closing the books so financial statements reflect actual cash flow rather than rough estimates.

Titus CPAs coordinates advisory around a deliberate seasonal calendar to eliminate last-minute rushes. Between January and April, filing workflows prioritize W-2s, 1099s, and foundational pass-through returns—Form 1065, Form 1120, and Form 1120-S—ensuring owner schedules align cleanly before individual returns are prepared. May through August shifts into intermediate strategic evaluations: examining commercial lease decisions, analyzing the financial impact of new hires, and reviewing corporate entity structures when business owners actually have bandwidth to make changes. From September through December, the firm runs year-end projections to lock in legal tax strategies before December 31, ensuring no deduction or credit is left to chance.

For urgent situations such as pending IRS correspondence or multi-year delinquent returns, intake begins with a targeted file diagnostic to isolate missing documentation and prevent penalties. New business clients or owners planning an entity change should schedule intake conversations at least four to six weeks prior to quarter-end, providing prior-year returns, current depreciation schedules, and raw ledger exports upfront to allow adequate modeling before filing windows close.