iNDIVIDUAL SERVICES

Preparing your own income tax return 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.

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It 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.

Here's what you get...

• A minimum of 2 CPA's will be involved in the preparation of your Individual income tax return.

• Your tax return will be filed electronically at no additional cost to you.

• For additional fees, our staff can perform a tax projection if at any time during the year you experience a significant taxable event or if you simply would like a review of your tax withholdings so there are no surprises come tax preparation time the next year.

Are you self employed?

If you operate a business as a sole proprietor or you are the only member of an LLC, your individual tax return can quickly become very complicated with your requirement to file a Schedule C.  Whether you have an organized system of keeping your books (perhaps by using Quickbooks) or you are a little behind in your bookkeeping duties, we can help make sense of your jumbled mess and accurately report your income and expenses.  We don't just report your income and expenses and send you on your way. Instead, we take an active role in your tax planning by recommending strategies to lower your taxes paid.  We will look at such things as special depreciation elections, do you qualify for an office in home deduction, should you invest pretax dollars into a retirement plan, etc. 

For some individual tax clients, you will never require the need for our tax planning services.

However, many individual tax clients at some point in their lives may benefit from proactive tax planning!  If you are one of these individuals who would benefit from tax planning, we take an active role in providing you these services.

Some common "events" that may require tax planning include:

- Sale of investment real estate property (rental home, etc).

- Sale of taxable investments (stocks, mutual funds, etc.).

- Redeeming employer stock options.

- You are self-employed and your businesses' profit expects to fluctuate substantially from prior year.