Tax & Tax Advisory

Tax Return Preparation -  Tax return preparation is the process of calculating, documenting, and filing an individual’s or entity's income, deductions, and credits with tax authorities. We collect financial records and ensure compliance with tax laws, and optimize tax savings for clients.

Tax Planning and Advisory -  Tax planning is the proactive, legal analysis of an individual's or business's financial situation to minimize tax liabilities and maximize net income. This involves structuring financial transactions, investments, and expenses throughout the year to optimize tax efficiency, rather than just reporting them at year-end.

Payroll Processing - The accurate and timely processing of payroll and payroll tax returns is critical to meet and exceed the expectations of employees and owners.  A component of payroll processing is the coordination of tax planning recommendations with the associated owner compensation. 

W-2 and 1099 Processing -  W-2 (employee) and 1099 (contractor) processing involves reporting worker income and tax withholding to the IRS and workers annually. W-2s show withheld taxes, while 1099s report non-employee compensation, making recipients responsible for their own taxes. Proper classification (employee or contractor) is critical to avoid IRS penalties, and requires filing by deadlines of the Social Security Administration and IRS. 

Sales Tax Compliance -  This is the ongoing process of adhering to state and local tax laws by registering, collecting, filing, and remitting sales taxes on taxable goods and services. It requires identifying where a business has tax nexus (physical or economic presence), managing exemption certificates, and submitting accurate, timely payments to taxing authorities.

IRS Representation - As a CPA, I am able to represent you before the IRS in matters such as letters and notices, tax audits, and notice of intent to levy.