Tax Planning
What is it? We analyze your finances in the last quarter of the year and look for ways to reduce your annual tax bill.
What is the typical outcome? Detailed list of actions you should take before the calendar year end to make sure you have reduced your tax bill wherever possible, clarity of your year end financial position and what you will owe in taxes..
How it is delivered? A live Zoom video conference.
What factors affect the cost? Complexity of your financial situation.
Filing of W-2 forms
What is it? An annual compliance filing required by the IRS and due on January 31st each year.
What is the typical outcome? A simplified process, access to experts if you need corrections and confidence that your company is complying with all requirements.
How is it delivered? Electronically filed to the IRS and states. A PDF file is provided to you for your business records.
What factors affect the cost? Number of employees.
Filing of 1099 forms
What is it?.An annual compliance filing required by the IRS and due on January 31st each year. We review the payments that your business has made during the calendar year and report to the IRS and vendors based on current laws.
What is the typical outcome? The outcome is that you are confident in your compliance.
How is it delivered? Electronically filed to the IRS and states. A PDF file is provided to you for your business records.
What factors affect the cost? The average number of vendors and payments made each year.
Filing of business property tax reports
What is it? An annual compliance filing required by many counties and typically due during the first quarter of each calendar year. We review the purchases of equipment, vehicles, tools, furnishings, supplies, etc and report them to the county based on their specific requirements.
What is the typical outcome? The outcome is that you are confident in your compliance.
How is it delivered? Electronically filed to the county. A PDF file is provided to you for your business records. Some counties do not accommodate electronic filing yet, in that case, the business owner will be responsible for printing the PDF file we provide, signing and snail mailing it.
What factors affect the cost? The complexity of your counties requirements and the number of locations you operate in.
Business’s income tax return
What is it? An annual compliance filing required by the IRS and most states.
What is the typical outcome? Confidence about your compliance.
How is it delivered? Electronic filing to the IRS and state and a PDF file is provided for your business records.
What factors affect the cost? Number of owners, transactions, bank accounts, loans, and locations.
Business owner’s personal income tax return
What is it? An annual compliance filing required by the IRS and most states.
What is the typical outcome? Confidence about your compliance.
How is it delivered? Electronic filing to the IRS and state and a PDF file is provided for your personal records.
What factors affect the cost? State and city of residency and number of investments, stock trades, rental properties, homes owned, businesses owned, dependents, etc.
Assistance in responding to notifications from taxing authorities
What is it? We acquire power of attorney so that we can communicate with the IRS on your behalf. This means we receive the same notifications that you do and are available to help you investigate and resolve the notification.
What is the typical outcome? An expert has your back so your shoulder muscles will be much less tight and you will probably sleep better.
How is it delivered? Communications via email, video conference and phone.
What factors affect the cost? Complexity of your tax position.
Assistance with audit notification and audit process
What is it? Assistance in communicating with the IRS, collecting information as they request it and availability to answer your questions throughout the process.
What is the typical outcome? An expert has your back so your shoulder muscles will be much less tight and you will probably sleep better.
How is it delivered? Communications via email, video conference and phone.
What factors affect the cost? Complexity of your tax position and risk of audit.