Personal Tax Services

Income Tax: CPAs assist clients in understanding and complying with income tax regulations. They help individuals prepare and file their income tax returns accurately, ensuring compliance with applicable tax laws.

Capital Gains Tax: CPAs help clients calculate and report taxes on the sale of capital assets, such as stocks, real estate, or valuable collectibles. They determine the taxable gain or loss and advise on strategies to minimize tax liability.

Estate Tax: CPAs provide guidance on estate planning and assist in understanding the tax implications of transferring wealth to beneficiaries. They help with estate tax return preparation and implement strategies to reduce estate tax burdens.

Gift Tax: CPAs advise clients on the tax consequences of making substantial gifts to individuals or organizations. They help determine if a gift tax return is required and assist in preparing and filing the necessary documentation.

Self-Employment Tax: For self-employed individuals, CPAs help calculate and report self-employment taxes, which consist of Social Security and Medicare taxes. They ensure proper classification of income and deductions to minimize tax obligations.

Retirement Account Contributions: CPAs assist clients in understanding the tax advantages and limitations of various retirement accounts, such as Individual Retirement Accounts (IRAs) and 401(k) plans. They provide guidance on contribution limits and the tax implications of distributions.

State and Local Taxes: CPAs help clients navigate the complexities of state and local tax obligations. They provide guidance on income tax, property tax, sales tax, and other state-specific taxes to ensure compliance and minimize tax liabilities.

Tax Planning and Consultation: CPAs offer proactive tax planning services to help clients minimize their tax burdens and take advantage of available deductions, credits, and exemptions. They provide ongoing tax advice and guidance tailored to individual financial situations.

Business Tax Services

We stay up to date with the latest tax laws and provide tailored advice to our clients based on your specific business needs and circumstances.

Income Tax: Businesses are generally subject to federal, state, and sometimes local income taxes. CPAs help clients navigate the complex tax laws, prepare accurate income tax returns, identify deductions and credits, and ensure compliance with reporting requirements.

Payroll Taxes: Businesses with employees must withhold and remit payroll taxes, including federal and state income tax withholding, Social Security tax, and Medicare tax. CPAs can handle payroll calculations, payroll tax filings, and provide guidance on employee classification issues.

Sales Tax: Many jurisdictions impose sales tax on the sale of goods and services. CPAs assist businesses in understanding sales tax requirements, registering for sales tax permits, calculating the tax liability, and preparing and filing sales tax returns.

Excise Taxes: Excise taxes are levied on specific goods, such as fuel, alcohol, tobacco, and luxury items. CPAs help businesses determine the applicable excise taxes, calculate the amount owed, and ensure timely payment and reporting.

Property Taxes: Real estate and personal property taxes are levied by local governments. CPAs help businesses assess their property tax liabilities, evaluate exemptions and deductions, and ensure accurate reporting and payment.

Employment Taxes: In addition to payroll taxes, businesses must also comply with employment taxes such as unemployment tax, state disability insurance tax, and workers’ compensation insurance. CPAs can provide guidance on these taxes, help with reporting and compliance, and assist in resolving any related issues.

Estimated Tax Payments: Businesses often need to make quarterly estimated tax payments to cover their expected tax liabilities. CPAs assist clients in estimating their tax obligations, calculating the required payments, and ensuring timely submission.

Business License and Permit Taxes: Some jurisdictions impose taxes or fees for obtaining business licenses and permits. CPAs can help clients understand the applicable requirements, calculate the taxes owed, and assist with compliance.