1. Tax Return Preparation and Filing:
- Prepare and file accurate tax returns for individuals, businesses, and corporations.
- Ensure compliance with local, state, and federal tax laws.
- Maximize available deductions and credits to reduce tax liabilities.
2. Tax Planning and Strategy:
- Provide proactive tax planning services to minimize future tax burdens.
- Analyze financial situations to develop tax-efficient strategies for businesses and individuals.
- Offer guidance on retirement planning, investments, and major purchases with tax implications.
3. Bookkeeping and Financial Record Management:
- Maintain accurate financial records for businesses to ensure tax compliance.
- Track income, expenses, and tax-related transactions throughout the year.
- Prepare financial statements (balance sheets, income statements) to support tax filings.
4. IRS and State Tax Audit Support:
- Assist clients with audits by the IRS or state tax authorities.
- Gather and organize necessary documentation for audits.
- Represent clients during negotiations and dispute resolutions with tax agencies.
5. Payroll Tax Services:
- Calculate and file payroll taxes for businesses, ensuring accurate withholdings for employees.
- Prepare and file quarterly and annual payroll tax reports.
- Assist with employer tax responsibilities, including Social Security, Medicare, and unemployment taxes.