PERSONAL Tax Service
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Frequently Individual tax returns involve other types of income besides W-2 wages (such as capital gains, Schedule C business, rental real estate activitiy, retirement income, passthrough entity income, etc.) which makes knowledge of the tax laws and tax planning crucial.
Our staff has the experience to help you achieve your tax objectives as well as reduce your risk of IRS audits and adjustments (including underpayment penalties and interest). However, if you are ever audited we can provide support as well as represent you before the IRS.
Some of the Individual Income Tax forms we prepare include:
- Individual Income Tax Return (Form 1040)
- Itemized Deductions (Schedule A)
- Interest and Dividends (Schedule B)
- Sole Proprietorships (Schedule C)
- Capital Gains and Losses (Schedule D)
- Rental and Passthrough Entities (Schedule E)
- Farming (Schedule F)
- Adjustments to Income (Schedule 1)
- Child and Dependent Care Credit (Form 2441)
- Moving Expenses (Form 3903)
- Depreciation and Amortization (Form 4562)
- Sale of Business Property (Form 4797)
- Farm Rental Income and Expenses (Form 4835)
- Installment Sales (Form 6252)
- Noncash Charitable Contributions (Form 8283)
- Passive Activity Losses (Form 8582)
- Like-Kind Exchanges (Form 8824)
- Health Savings Accounts (Form 8889)
- Domestic Production Activities Credit (Form 8903)
- Qualified Business Income Deduction (Form 8995)
BUSINESS TAX SERVICE
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Our Business Tax Service focuses on verifying that your accounting and resulting tax returns are correct as well as advising you of the best ways to compensate yourself, obtain tax-deductible benefits, and lower your taxable income.
The Accounting Services we offer integrate seemlessly with our Business Tax Service but we can also provide you or your bookkeeper with record-keeping and accounting assistance if needed.
Some of the Business Tax Returns and Forms we prepare include:
- Corporate Tax Return (Form 1120)
- S-Corporation Tax Return (Form 1120-S)
- Partnership Tax Return (Form 1065)
- Limited Liability Company (LLCs choose how to be taxed)
- Sole Proprietorship (Form 1040, Schedule C)
- Application for Employer Identification Number (Form SS-4)
- S Corporation Election (Form 2553)
- Application for Change in Accounting Method (Form 3115)
- Depreciation and Amortization (Form 4562)
- Sale of Business Property (Form 4797)
- Installment Sales (Form 6252)
- Like-Kind Exchanges (Form 8824)
- Rental Real Estate Activities (Form 8825)
- Entity Classification Election (Form 8832)
ACCOUNTING SERVICES
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We typically perform our Accounting Services with the larger picture in mind, whether it's tax preparation, business management, audit protection, or some other objective.
Experience has shown that it’s usually more cost-effective to do the accounting right in the first place than it is to find and fix mistakes later. We are trained to reconcilebank, credit card, and other important accounts to ensure your books are balanced and your financial statements and reports are accurate.
Knowing whether financial statements are correct is what differentiates us from many other accountants and bookkeepers.
We also offer outsourced Controller services if you need hands-on help with critical accounting tasks such as cash management, online banking, asset protection, accounts receivable, accounts payable, payroll, 1099 reporting, retirement plans, budgets, forecasts, or banking, legal, insurance and audit support.
Some of the Financial Statements, Reports, and Schedules we prepare include:
- Income Statement (Income and Expenses)
- Balance Sheet (Assets, Liabilities, and Equity)
- Statement of Cash Flows
- Bank Reconciliations
- Aged Accounts Receivable Report
- Aged Accounts Payable Report
- Payroll Reports
- Payroll Tax Liability Reports
- Depreciation Schedules
- Loan Amortization Schedules
- Budget versus Actual Variance Report
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