Tax Preparation

Tax preparation on your own can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Here’s a few reasons why…

• Tax law changes – our extensive tax resources and continuing education keep us up to date on current tax laws and pending legislation.
• Personal Attention – our tax organizers are created based on your prior year information, so you don’t have to start from scratch every year. We try to ask specifically about any life event changes that could effect your tax situation.
• Professional level tax software – Our software provider works tirelessly with the IRS to keep up with latest tax changes to forms and calculations.
• Navigating the tax code – There are certain tax items and properties that can be reported in different ways. We work with you to help you understand what and why we are reporting items in the manner we report them to maximize your protection or tax savings.
• Representation – Despite best intentions and IRS practices, you will likely be contacted by the IRS about your income tax return at some point. our clients can have the peace of mind, knowing that we are always available to help them answer any IRS communications.

Here’s what you get…

• Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
• Your tax return can be filed electronically so you will get a refund back quicker.
• We will help you adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months?
• We will discuss potential deductions to limit your tax liability for next year, or help you chose which is the best method for you to meet your tax obligations. Nobody likes a big tax bill!

Books a Mess? No Problem!

If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you. We’ll prepare your bookkeeping for the year, prepare a full Schedule C to be included with your personal income tax return.

Tax Planning

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. There are some tax strategies that must be properly documented and reported throughout the year, not just annually.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations through continuing education, professional tax forums, publications and seminars. Tax laws are always changing. A good tax preparer has to stay current on new laws and pending legislation to give you a full and accurate picture.

Our businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you…

• Grow and preserve assets by keeping Uncle Sam out of your pockets.
• Defer income so you can keep your money now and pay less taxes later.
• Reduce taxes on your income so you keep more of what you make.
• Reduce taxes on your estate so your family keeps more of what you’ve made.
• Reduce taxes on your gifts so you can give more.
• Reduce taxes on your investments so you can grow your wealth faster.
• Reduce taxes on your retirement distributions so you can retire in style.

Here’s just a few of the Tax Saving Strategies we use…

• Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
• Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
• Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
• Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
• Finding tax deductions through charitable donations to causes you support.
• Finding tax deductions through federal and state credits.