Here are the answers to some of the most Frequently Ask
ed Questions our firm receives.
Q. What are your rates for preparing taxes?
A. We can save your hundred and even thousands of dollars through our experienced process and background. Depending on the complexity of your tax return and what is involved, our fees vary. Call us to discuss. Experience, Continuing Education and Tax Updates, and state of art software are all tools engaged to give you the best service.
Q. I am starting a new business. Should I incorporate, form a L.L.C, or partnership? What is involved in filing Federal, State, and City tax forms and payroll issues?
A. Starting a new business is an important step in making your vision and dream happen along with the opportunity to earn income while working for yourself. There are important actions to take in organizing the business under State Law, Employment Law if you have employees, and IRS requirements. We can go over all the options available to you, prepare the required filings to comply with the various government agencies, and keep you informed when tax filings are due.
Q. I need to file tax returns for prior years and don't know where to start? What will happen when I file these tax returns?
A. Becoming current with your tax filing obligations is something we can help you with. We will represent you to the IRS and the State if necessary for any notices, liens, and help you take the necessary steps to have all back tax returns filed. We can also prepare an Offer-In-Compromise if your tax liability exceeds your ability to pay or if there is a question of your liability. Call for a confidential meeting to discuss.
Q. How do I decide if it would be better to do my own taxes than hire a tax preparer?
A. For many, preparing one's own taxes is the most economical and easy solution. With today's software such as turbotax, filling out the forms is not difficult. However, to ensure you are using the tax law to your advantage and receive experienced help in deductions such as employee expenses, home-office, charitable related expenses, stock gains, IRA conversions, and Alternative Minimum Tax - a CPA can more than pay for his services by giving you the best advice and putting their integrity on the tax return.