SERVICES PROVIDED
Tax Consulting & Preparation Services
- Creating Personalized Tax Savings Plans and Memos to save individuals and businesses significant money by identifying overlooked deductions, underutilized tax provisions, and robust tax planning which can generate annual savings of thousands of dollars a year.
- Reviewing returns to identify missed deductions before or after returns have been filed.
- Calculating Estimated Quarterly Taxes
- Advising on Sales & Use Tax Nexus on a State-by-State Basis
- Consulting Small Business Owners & Independent Contractors on managing all aspects of tax.
- Estimating Annual Tax Liabilities under the current status quo versus other scenarios (e.g., changing business structures, increasing revenues, etc.). Advising on the pros and cons of each.
- Calculating the optimal salary for S Corporation owners to balance the tax savings earned from distributions (which do not incur payroll taxes) versus the QBI savings of increased business earnings limited by 50% of wages.
- Preparing 1099s and corresponding review of contractor W9 Forms
- Preparing Individual Tax Returns
- Preparing and Filing S Corp or LLC Tax Returns
- Advising on tax loss harvesting and RSU tax implications
- Assisting with cryptocurrency tax issues (e.g., capital loss harvesting, staking income, etc.).
- Assisting with documenting expenses and establishing systems for easy record keeping
- Setting up expense reimbursement plans for business owners to comply with IRS §62(c)
- Partnering with other professionals on niche issues for those with export businesses to generate substantial tax savings under the IC-DISC regulations or those who set up cash balance plans.
Financial Analysis & Planning (FPA) Services
- Preparing or reviewing Annual Budgets and financial projections for use by business owners, investors, or regulatory bodies.
- Performing variance analysis of financial statements, reviewing statements for errors, and advising on ways to possibly increase profitability.
- Advising on pricing trends especially as it concerns inflation and loss of purchasing power.
- Calculating price elasticity to determine the overall effect on total revenue by raising or lowering the price of any items offered for sale.
- Identifying potentially missed expenses or inaccurate calculations (e.g., depreciation).
- Identifying potential investment or legal matters to discuss with professionals who specialize in either of those disciplines.
- Managing a business’s cash flow needs.
Bookkeeping Services
- While I do not provide bookkeeping services, I can refer clients to recommended bookkeepers who do a great job while providing responsive, accurate, and timely personal and small business bookkeeping services for those who need a minimum of 5 hours a week of service using Quickbooks or Excel ledgers.
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