Tax Planning & Preparation
It is my job to see that you pay the minimum tax allowed by the law.
As a Certified Public Accountant, I am required to take extensive continuing education courses to maintain my level of expertise, so I may be up to date with ever changing tax law. My job is to monitor the changes in the tax law that affect you and recommend tax savings.
If you are contacted by the IRS concerning your income tax return, you must call me first. I will take care of it so you may have less stress in your life.
Open communication is important to a good client and professional relationship. I want you to feel comfortable asking questions and discussing your concerns at all times.
Here are a few basic tax-cutting strategies:
- Shift your income from one year to another so your income will be taxed at a lower rate
- Shift your deductions from one year to another to maximize your tax savings.
- Defer your tax liability by contributing to various pension and retirement plans.
- Section 1031 real estate of like kind exchanges to defer capital gains tax.
The effects of property settlements can have a significant impact on your taxes today and on the future. I have advised many of my clients going through a divorce process. I have met with lawyers and advised my clients during property settlement proceedings and provided financial guidance after the divorce. Proper planning can help minimize the tax effect and cost of this difficult transition in your life.
The tax laws are so complex that unless your financial transactions are extremely simple, you will benefit from at least occasional help from a tax professional. It's easy to overlook deductions and credits if you prepare only one return a year. Even using computer software is not a substitute for a tax preparer.
I have prepared over 6,000 individual, businesses, estate and trust returns over the years. I know what to look for when your return is prepared. More importantly, you have someone to answer your questions during the rest of the year. As a bonus, you will receive quarterly newsletters with tax and financial advice.