TAX PLANNING AND PREPRATION
Tax Planning
Paying taxes is not on the top of the list of favorite things to
do, but it is our responsibility as an American citizen to pay our
fair share of taxes. We do not have to pay more than our fair share
and we are here to help you estimate your current tax liability
and help with decisions and planning to minimize your taxes. We
will work for you to take advantage of every legal deduction and
credit that is available to you.
Individual (Federal and State) Tax Preparation
Regardless of the type of income you have, farming,
rental property, retail sales, professional services, or W-2 income
we can prepare your tax return with expertise and efficiency. We
provide our clients with free electronic filing and free direct
deposit of refunds. Electronic filing and direct deposit will get
you money to you quickly at not additional cost. IRS has significantly
enhanced the e-file and direct deposit system providing a quick
turn around of 10 days or less of tax refunds for over 90% of our
clients. We are open year round provide our clients with assistance
in all tax matters throughout the year, not just at tax time.
Representation Before the IRS
Have you received a letter from the IRS or state?
Do you owe past due money or have you been selected for an audit?
These issues can be intimidating when you go at it alone, let us
help. We can review your notices to determine if you owe or not.
We also can represent you before the IRS.
Corporate and Partnership Tax Preparation
1120, 1120A or 1120S Federal and State Corporate Returns
1065 Partnership Tax Returns
Businesses face many unique situation and opportunities as a result
of owning and operating your own business. We can help you organize
your information and prepare an accurate and timely return, ensuring
you pay the least amount of taxes you are legally obligated to pay.
Estate & Gift Taxes--Federal and State
706, 709 and 1041 Tax Returns--We can work with you and
your attorney to ensure all federal and state income and estate
tax obligations are met and all necessary returns are accurately
and timely filed in the event of a family death. For lifetime gifts,
we can help with planning the timing and makeup of these gifts that
ensure the most efficient results are achieved for income and estate
tax purposes. We will also prepare the gift tax returns, accurately
and timely.
Nonprofit Organizations Taxes
IRS Form 990 and related schedules
We can help your organization file for and receive nonprofit status
from IRS and then assist with making sure all required annual tax
returns are filed and we will help you stay in compliance with state
laws regarding entities that solicit tax deductible contributions
from the general public.
ACCOUNTING & BOOKKEEPING SERVICES
Affordable Accounting and Tax Services, LLC provides a full
range of accounting and bookkeeping solutions and services. We can
perform all accounting and bookkeeping services for you and your
business at a fraction of the cost of hiring a full-time bookkeeper.
Whether you need full-time bookkeeping services or you need help
in reviewing your accounting records, we can help. We provide bookkeeping
services on a daily, weekly, monthly, or quarterly basis depending
on the client needs. We can help you set up a manual or computerized
bookkeeping system and produce full accounting records. This allows
you to spend more time managing your company and seeking ways to
help it grow and prosper.
We will review your financial records monthly or quarterly and
provide advice on cash flow management, budgeting, lease vs. buy
decisions, and tax planning. We will compare your business results
of operations with other similar businesses and let you know if
certain expenses are too high, compared to other similar businesses.
Services we provide, bank reconciliations, preparation of all general
journals, general ledger, financial statements and payroll records.
We also provide
accounts receivable processing where we produce invoices and/or
statements for you for your customers and accounts payable processing
where we will pay your bills when due.
Payroll Processing
Many people will pay penalties and interest for late filing and
payments of payroll taxes. Let us save you money by preparing your
payroll, quarterly payroll reports and payroll tax deposits. We
can process payroll checks or provide direct deposit payroll for
employees making payday hassle free.
QUICKBOOKS SET-UP AND TRAINING
We are also certified consultants for QuickBooks, the top-selling
small business accounting software program. Our staff is trained
to assist you in setting up your books correctly from the start
and can continue to help you with questions or problems that arise
in day to day activity. We can provide on-site assistance, telephone
assistance, and even remote assistance through the Internet if you
have high speed internet access. Remote assistance technology is
built into QuickBooks, and utilizing third party vendor software,
we can access your computer from our office and work on almost any
software application or system problem, making support easier, quicker
and more cost effective for everyone!
BUSINESS CONSULTING SERVICE
How do I set up my business? This is a common question that
we can help with. There are several choices of entity selections
you can make depending your situation. We can provide guidance in
how to set up your business entity to take advantage of your specific
situation and legal and tax regulations. We can help you choose
the one that is right for you, corporation, partnership, sole proprietorship,
or limited liability company.
Tax reporting requirements and employment issues can be overwhelming.
We can help relieve some of the pressure by helping you understand
issues such as employee vs. independent contractor, minimum wage,
workers compensation, and requirements and deadlines for tax reporting.
Small businesses are the heart of America and you are in it to
succeed. We want to help you succeed by guiding you through the
various federal, state and local regulations that can put you out
of business if not followed appropriately.
We have developed a network of other business service professionals;
bankers, attorneys, insurance agents, investment advisors, and financial
planners. When you need assistance in an area outside our areas
of expertise, we will direct you to someone qualified in that field
who will work with you to meet your goals and needs.
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