Tax Preparation – Individuals & Fiduciaries
The firm’s approach to providing tax services is based on constant monitoring of the client’s tax and financial profile. The Profile Driven Process is more than just forms preparation and filing compliance. With our services, advising is built into the quality control system and focused on a long-term relationship. We have been successful in retaining multi-generation client relationships that demonstrates the effectiveness of the approach. When there is a foreseeable change in your profile, such as retirement, we take a proactive posture to advise on the tax and financial impact the change will have as you progress through the transition. When there is a change in the tax law, we are monitoring the impact on your profile, and identify strategies and maximize benefits and minimize disadvantages. With the length of our experience, we have been through several economic cycles, market volatility, cultural changes, and political rotations. The historical knowledge and personal attention is not available from software, and will not be replaced by Artificial Intelligence.
Up-to-date Tax Compliance Services Supported by Research, Resources and 36 Years’ Experience
The firm’s flagship service for business tax compliance is the Tax Trial Balance and Returns for Small and Mid-Sized Business. The program provides for analysis of your accounts and trial balance. Key documentation supporting tax compliance is gathered and preserved to defend the amounts and information reported to tax authorities. Issues affecting reconciliations and measurement are identified, corrections calculated and documented, with adjusting entries supplied for discussion and recording. The objective is to have year-end books match the tax returns.
The process includes custom designed workpapers and checklists in a quality control system that provides for efficient effort and reliable deliverable product.
The Tax Trial Balance can also be combined with accounting and review services engagements (SSARS Engagement) or financial statement preparation. A compilation, or review service is also available providing the professional requirements for independence are not impaired. This service is also offered as a support service to other CPA Audit firms that have a reporting engagement with a client, and the non-attest accounting and trial balance work threatens to impair independence if done by the audit firm.
The firm’s services are limited to annual tax filing requirements for income tax returns for business entities. Payroll, sales and use tax, and excise tax compliance is referred to other service providers. We prepare all Federal and state tax returns required for entities with operations or nexus in multiple states. We handle returns for C Corporations, S Corporations, Partnerships, Limited Liability Company SMLLC, Partnership, or elected corporate status.
The firm’s experience with business taxation spans a 36 year career working in several industries with small and mid-size entities, many with unique characteristics.