Please click on a link below to view a detailed
description of the service.
Corporations
Employee benefit plans
Estates
Individuals
Not-for-profit
Partnerships
Payroll tax, W-2s, 1099s
Property Tax
Proprietorships
S corporations
Sales Tax
Trusts
IRS exams or notice response
Tax planning
Tax preparation services for corporations include preparation of federal
Form 1120 and the related state corporate Tax return. Planning services
can include developing strategies for planning compensation, year-end
bonuses, estimating annual income or expenditures, computing quarterly
estimate payments and managing taxable income and deductions.
Benefits
- Compliance with IRS and state regulatory requirements
- Management of taxable income
- Opportunity for tax planning
We can prepare the annual Form 5500 for your employee benefit plan (including
pension, 401(k), and health and welfare plans.) The filing deadline for
Form 5500 is 7 months after the plan's year end. For a calendar year
plan, the deadline is July 31. An approved extension to file extends
the deadline by two and a half months (October 15 for a calendar year
plan.)
Benefits
- Compliance with federal
- DOL regulatory requirements
Assist with estate planning to reduce the impact of estate taxes. The
service includes recommendations for planning lifetime transfers and
the eventual preparation of an estate tax return.
Benefits
- Plan for the transfer of assets
- Manage estate taxes
- Prepare estate tax return
- Preserve wealth for future generations
Tax return preparation can include all forms you need to file your federal,
state, local or out-of-state returns. We can also help estimate your
taxable income before the end of the year so you can plan for changes
needed in your withholdings or estimated tax payments. Since your tax
concerns are not limited to once a year filing, we are available year-round
to answer your questions. Individual tax preparation services can also
include preparation of children's returns, preparation of tax return
extensions and computation of estimated tax payments.
Benefits
- Compliance with IRS and state filing requirements
- Tax planning
- Save taxpayer time
- Avoid mistakes due to misunderstanding about how to fill out tax forms
Our service includes preparation of federal Form 990 and related state
forms. In addition, we can assist with preparing year-end closing entries
and can advise you on other matters, such as taxability issues on unrelated
taxable income.
Benefits
- Compliance with IRS and state regulatory requirements
- Assist with identifying UBI (unrelated business income) issues
Tax preparation services for partnerships include preparation of federal
Form 1065. Planning services can include developing strategies for planning
partner compensation and distributions, year-end bonuses, expenditures
and assisting with the managing taxable income and deductions that flow
through to the partners.
Benefits
-Compliance with IRS and state regulatory requirements
Payroll services include preparation of federal and state quarterly and
annual returns for employee withholding and employer taxes as well as
year-end W-2, W-3 and 1099 forms. If you prepare your own returns, we
can advise you about questions you might have. We can also help you evaluate
the merits of using an outside payroll service.
Benefits
- Compliance with state filing requirements
- Assessment of payroll services
Property tax services can include either the preparation of or assistance
with the annual business property tax returns.
Benefits
- Compliance with annual filing requirements
Tax preparation services for proprietorship include preparation of federal
Form 1040, Schedule C. The service can also include assistance with year
end accounting. Planning services can include developing strategies for
planning compensation, year-end bonuses, expenditures and managing taxable
income and deductions.
Benefits
- Assistance with sole proprietor accounting
- Preparation of federal Schedule C
- Tax planning
Tax preparation services for S corporations include preparation
of federal Form 1120S. Planning services can include developing strategies
for planning compensation, shareholder distributions year-end bonuses,
expenditures and managing taxable income and deductions.
Benefits
- Compliance with IRS and state regulatory requirements
Our sales tax services can include helping you prepare monthly and quarterly
returns, advising you about taxability issues and helping you respond
to any sales or use tax audit issues that may arise.
Benefits
- Comply with state filing requirements
- Assist with audit inquiries
The basic tax return for a trust is IRS Form 1041. Information used in
preparing the trust return (and the equivalent state return) often comes
from 1099 forms received by the trust; from investment transactions summaries
provided by a trustee or an asset custodian, such as a bank, trust company
or brokerage firm; or from other sources. If your trust does not have
a way to assemble this summary of trust activity, we can provide this
service in addition to preparing the tax return.
Benefits
- Compliance with IRS and state regulatory requirements
An IRS examination may be a desk review with the agent requests additional
information or documentation or a field review where the agent examines
significantly more information. An examination starts with a written
IRS request. Our service can include helping you assemble any needed
information, acting as your representative before the IRS agent, researching
technical issues, responding to IRS inquiries, and advising you about
pertinent maters that may arise during the examination.
Benefits
- Compliance with IRS or state tax notices
Tax planning typically takes two forms.
1.Project your year-end tax liability based on expected
annual income and deductions or based on "what if" scenarios
for income and deductions. Using this information, we can advise you
about how to adjust, if necessary, your estimated income tax payments
or your wage withholdings.
2.Advise you about the taxability or deductibility of
transactions that you may be considering, but have not yet completed.
For example, the purchase or sale of investments, a home, business,
or tangible property has tax implications. We can advise you about
the taxability of these matters so you can make informed decisions. Tax
planning is important to all individuals and organizations. While tax
planning is the most beneficial during the year, another time to consider
planning is during the time when you are having you annual tax return
completed while issues may still be fresh in your mind.
Benefits
- Estimate annual income
- Estimate annual expenses
- Estimate annual tax liability
- Structure taxable transactions to maximize allowable tax benefits
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