PERSONAL ACCOUNTING & INDIVIDUAL INCOME TAXES
Budgeting
Budgets takes the guesswork out of managing your money and helps you make informed financial decisions. We can help you prepare and maintain a workable budget as well as train you on the latest money management software to help you attain your financial goals.
Tax Planning
According to Investopedia tax planning is a "Logical analysis of a financial situation or plan from a tax perspective, to align financial goals with tax efficiency planning. The purpose of tax planning is to discover how to accomplish all of the other elements of a financial plan in the most tax-efficient manner possible. Tax planning thus allows the other elements of a financial plan to interact more effectively by minimizing tax liability."
You can not effectively tax plan for the previous year when you start receiving your tax documents in January. If you have new or unusual transactions, or other items of income you expect to receive, give us a call there may be actions you can take on the front-end to reduce your tax liability.
Income Tax Preparation
Everything we do, we do online. We meet and chat and date. We plan and play and pay bills. Kids text, celebrities tweet and boomers post snapshots on Facebook. Our pay stubs are PDFs, our health care comes via HR portal, and our photos have migrated from shoebox to hard drive to a web site. However all tax preparation methods are not the same. A software package is efficient but it can't evaluate YOUR specific situation and suggest alternatives to help you minimize your tax liability.
You will be able to provide your tax documents securely and answer questions related to your return online. This helps to streamline your tax preparation process so that we can focus on your tax issues rather than the administrative processes related to your tax preparation.
We will look at your situation, suggest ways to save on taxes now and in the future, and suggest other types of advisers, such an estate lawyer, who can help you with sophisticated moves requiring special expertise. We will also tell you if anything on your return might raise an audit flag with the IRS. And if you do get audited, we have years of experience and can steer you through the process.