Accounting Consulting

  • Installation / setting up Quickbooks accounting systems
  • Selection of accounting principles and methods
  • Create an effective chart of accounts
  • Periodic accounting analysis
  • Basic QB startup training

 

Tax Consulting

  • Choice of Entity
  • Assist with Filing Federal and State Tax Registrations & Elections
  • Tax analysis of specific transactions

 

Tax Return Preparation

Businesses

  • Sole Proprietors (Form 1040/Schedule C)
  • Real Estate (Form 1040/Schedule E)
  • S Corporations (Form 1120S)
  • C Corporations (Form 1120)
  • Partnerships (Form 1065)

Individuals

  • Form 1040 (and related schedules)
  • Estimated Quarterly Tax Calculations
  • Amended Returns
  • Gift Tax Returns

If I prepare your return and it should become necessary, I can represent you before the IRS to work through any outstanding issues.  Should the need for legal representation arise, or if you have specific needs for Estate, Trust or other specialty returns, I can refer you to other qualified professionals that can assist you in those areas.

 

Tax Planning

Once a transaction has occurred or deadlines have past, it can become difficult to minimize the effective tax burden.  Advanced planning can often enable a taxpayer to structure a transaction in such a way that the tax burden can be deferred or at least minimized.  This is especially true when it involves large financial transactions such as selling a business.  By doing some advanced planning you can hopefully maximize your goals and objectives while minimizing the tax impact.

“The difference between tax avoidance and tax evasion is the thickness of a prison wall.”

—Denis Healey, British Chancellor of the Exchequer

“Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor, and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals in mere cant.”

—Judge Learned Hand, Dissenting Opinion in Commissioner v Newman