Tax Preparation

Services for business owners:

Whether it is a small, medium or big business, tax preparation services for businesses are more complicated than most individuals’ tax preparation services. They include but are not limited to:

• Tax audit representation.

• 1099 filing for contractors.

• Federal, state and local returns.

• Estate planning and trust tax services.

• Complex financial transaction tax consulting.

• Sales and payroll tax filing and payment processing.

• Tax preparation for sole proprietors, corporations and partnerships.

• Personal calculations from home office deductions to investment property.

We will help to ensure your business and personal returns receive all possible tax deductions. They will also have a tax plan that benefits you and your business year-round. Additionally, an accountant will help you understand how to profit from a tax and financial plan that adjusts to tax law changes and other tax implications.

Electronic refunds:

We provide the service to help you get an Electronic Refund Check (ERC). An ERC is an electronic deposit of your federal and/or state IRS refunds into the service bank. Most people prefer to receive their IRS refund by direct deposit. With an ERC, funds are usually received within 8 to 15 days following IRS acceptance of your federal tax return.

Tax refund anticipation loan:

Federal Refund Anticipation Check (Federal RAC) allows you to have your tax preparation fees deducted from your Federal RAC and pay no out-of-pocket expenses for tax preparation at the time of your tax preparation appointment. It is normally ready in check form or by direct deposit in approximately 8 to 15 days. Similarly, a State Refund Anticipation Check (State RAC) offers the same service for state income tax refunds.

Tax forms:

It is essential to get your tax forms filled out accurately. If you fill out a tax form inaccurately, you can receive fines or be subject to imprisonment. We understand the importance on not only filling out your tax form accurately to keep you out of trouble but also to help your reduce the taxes you may owe.

Because there are many schedules and forms that need to be filled out when filing a tax return, it can be complicated for many individuals or business owners. Accountants are familiar with the exact form and schedules you need to pay the minimum taxes and get a bigger refund, if applicable. For more specific information on the tax forms available please visit the IRS website at www.irs.gov.

Tax consultation:

The goal of a tax consultation is to assist business owners and self-employed individuals keep more of what they earn by educating them on all the deductions they are allowed to utilize by law. A CPA will provide an overall tax assessment, which will help to identify itemizations which your business may be neglecting. These differences will explain in dollars and cents. Many accounting firms are willing to provide a free tax consultation with no risk or obligation on your part. Most individuals and business owners find that the assessment will help them save you money.

Federal income tax calculator:

The purpose of the federal income tax calculator is to help employees calculate income tax that is withheld from their pay. This calculator does not replace the W-4 Form, but for most people it’s more accurate and easier to use than the worksheets that accompany the W-4. Accountants use this calculator to estimate a withholding to help an individual reduce their tax balance due when filing an income tax return for the following year.