Income Tax Planning and Preparation

Tax Preparation

By monitoring the changes in the various tax laws that may affect you, we will prepare all of your tax returns and serve as your advocate in all tax matters. Additionally, we can recommend various tax saving strategies.

If you are contacted by any government agency concerning tax matters, please call us first. We will assist you in dealing with the various layers of the tax bureaucracies.

The following is a short list of the various types of tax preparations that we do:

• Federal, State, Local, and Estate Returns for Individuals, Corporations, Partnerships, LLC's, Not for Profits, Farms, Municipalities
  

Tax Planning

As much as some would have you believe, there is no mystery to excellent tax planning. One of our main focuses is to put tax planning and tax cutting in plain English for you.

There are many strategies that we can use based on your individual circumstances. Many of the better plans involve several strategies working in combination with one another. Our challenge is to tailor these strategies with your life style.

Some Ideas:

• Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket
• Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
• Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
• Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
• Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Whether we like it or not, today's tax laws are so complicated that even a person's relatively simple finances can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even the use of computer software is no substitute for the assistance of an experienced CPA.

By preparing hundreds of tax returns a year, we know what to look for to help you maximize your hard earned dollars. If questions arise during the year, you will have a friend in the tax business.

What are your chances of an audit?

Current Tax Tables for Taxable Incomes under $100,000

Call us: 620.342.7435

We don't charge for an initial conference. We can discuss your concerns and determine just how we can help you the best. Again, our primary responsibility is to make sure we can create value for our clients.