Tax Advisory Services

Tax Preparation

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 last year, 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 is just too 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 your get…

  • Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
  • Your tax return can be filed electronically so you will get a refund back quicker.
  • Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
  • We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year’s tax liability.​

Books a Mess? No Problem!

If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you. We’ll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we’ll help you set up an easy system that allows you to keep your books in tip-top shape next year.

Tax Problems

Tax problems are very common and you’re not alone. Every year, millions of taxpayers face a problem with the IRS.

We can help you with:

  • IRS Audit Representation
  • Non-filed Tax Returns
  • Back Taxes Owed
  • Payroll Tax Problems
  • IRS Liens
  • IRS Levies
  • IRS Wage Garnishment
  • IRS Seizures

Tax Solutions

Every problem has a solution, even tax problems. Our experts will find the best solution for your situation to get you back on track.

We can help you with:

  • Offer In Compromise
  • IRS Payment Plan
  • Bankruptcy
  • Innocent Spouse Relief
  • Get Your IRS Files

Estate Planning

We can assist you with navigating your entire estate plan, from the accumulation and maintenance of assets, through the transfer of assets to your beneficiaries in the most tax-efficient manner possible.

R & D Credits

R & D credits, or Research and Development tax credit, is a way for companies to spend time on research and development without taking a substantial profit decrease. Credits are granted to companies to help costs that were accumulated by developing or improving products, processes, or software. The credit is to encourage companies to continually evolve.

A company must qualify for the credit by passing a four-part test. The test examines the purpose, process, uncertainty, and nature of the executed research.

Many industries can apply for the tax credit such as:

  • Architects & Engineering
  • Manufacturing
  • Healthcare
  • Biotech & Life Sciences
  • Software Development
  • Food Science
  • Cosmetics
  • Construction
  • Aerospace and Defense
  • Automotive
  • Startups

Is your business in one of the qualifying industries and would like to apply for the R & D tax credit? Contact us today to set up an initial consultation.

Cost Segregation Studies

A cost segregation study is an engineering-based evaluation performed on qualifying buildings. The study reclassifies personal property assets to shorten the depreciation time in order to improve cash flow.

It is recommended that commercial property owners, inspectors, and investors have cost segregation studies done on their buildings in order to improve their federal tax credit savings and increase their cash Flow. The study is beneficial for almost any commercial building that has been constructed, acquired, or renovated. The study is done to identify building systems and components that qualify for accelerated deductions.

Interested in working together?
Contact us today.

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Disclaimer

No Rendering of Advice
The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant.

Presentation of the information via the Internet is not intended to create, and receipt does not constitute, an accountant-client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant.

Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

Accuracy of Information
While we use reasonable efforts to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this website is accurate, complete, reliable, current or error-free. We assume no liability or responsibility for any errors or omissions in the content of this website or such If you wish to contact the webmaster of this website, please call CPA Websites Solutions at 802-655-1519.

Disclaimer of Warranties and Limitations of Liability
This website is provided on an “as is” and “as available” basis. Use of this website is at your own risk. We and our suppliers disclaim all warranties. Neither we nor our suppliers shall be liable for any damages of any kind with the use of this website.

Links To Third Party Websites
For your convenience, this website may contain hyperlinks to websites and servers maintained by third parties. We do not control, evaluate, endorse or guarantee content found in those sites. We do not assume any responsibility or liability for the actions, products, services and content of these sites or the parties that operate them. Your use of such sites is entirely at your own risk.

Privacy Policy

Here is our Privacy Policy required by the Gramm-Leach-Bliley Act of 1999.

We collect nonpublic personal information about you from the following sources:

  • Information we receive from you on applications, tax organizers, worksheets and other documents;

  • Information about your transactions with us, our affiliates, or others;

  • Information we receive from a consumer-reporting agency.

We do not disclose any nonpublic personal information about our clients or former clients to anyone, except as permitted by law.

We restrict access to nonpublic personal information about you to those members of our firm who need to know that information to provide services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

Online information is stored on secure servers located in CPA Website Solutions SOC 1 certified data centers.

If you have any questions about this policy, please do not hesitate to contact us.