Preparing your own income tax return can leave you with more questions than answers. According to a study released by the U.S. government’s General Accounting Office, most taxpayers (77-percent of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program, there’s no substitute for the assistance of an experienced tax professional.
Our tax preparation procedure includes the following elements:
- we will take the time to understand your financial and tax situation
- we will prepare and review your return for accuracy and compliance with tax laws
- if we don’t understand aspects of your tax information, we will contact you, and if we see opportunitites on the current tax return, we will alert you and seek additional information as necessary
- we will help you plan your current withholding and estimated tax payments for the following year
- we will bring to your attention tax and financial planning opportunities that we note during the preparation process
- we prepare income tax returns for individuals, partnerships, limited liability companies, C corporations, S corporations, estates and trusts.
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. We make it a priority to enhance our mastery of the current tax law and new tax regulations by attending annual tax seminars.
We organize our tax planning recommendations around four general areas as follows:
- structure — making sure, for example, that you are operating through the tax entity (or entities) best suited to your individual, business and tax situation
- large transactions — reviewing and planning for large transactions or acquisitions before they are executed
- specific issue planning — finding the best solutions on an issue-by-issue basis
- year-end planning — working with clients as needed to prepare their annual tax projection during the fourth quarter and seeking to optimize a variety of tax opportunities.
Are you having problems with the IRS?
We’re here to help you resolve your tax problems and reduce the stress that the IRS can put you through. Whether it is a new or ongoing tax audit or unfiled back tax returns, we can assist you. We will meet with you to assess your situation and then propose a plan of action to solve your problem.