The Importance Of Tax Returns
Why Choose a Certified Public Accountant
CPAs devote years of study obtaining their degrees in subjects such as business management and financial planning. They must then pass a grueling four-part examination, after which they must comply with state licensing guidelines. Before they can prepare your tax returns, they have to register with the Internal Revenue Service. In order …show more content…
We do much more than simply prepare your tax returns when the year is done. Our investment in continuing education, our knowledge of existing law, and awareness of potential changes and pending legislation, can help you avoid paying unnecessary taxes. We know what options are available to you and we’ll always take the time needed to explain them in laymen’s terms for you.
If amounts on your tax returns are ever questioned, or if you’re audited, we’ll stand by you to answer any questions.
Personal Income Taxes
Your personal income tax returns are a record of your financial activity for the past year. That’s important information, and it can serve as a basis for planning in the current year. But change happens. When it comes to change, the CPAs at CK & Co have been there, done that, and returned with expertise. They’ll apply that expertise in tax planning that can help you minimize your taxes next year and the years afterward.
Some changes in life events that can have an effect on your taxes are obvious. These include changes in your job, family size, or marital status.
Other items that may increase your taxable income or give you more deductions …show more content…
We will make sure that you understand the options involved so that you make the choice that best fits your situation and goals.
If you’ll be hiring employees, we make sure you understand the payroll taxes that will be due. We’ll be on hand to help you file the required forms on time. You may also be liable for paying estimated taxes on your personal income. If you’re developing a new product, we’ll ensure that you claim the R & D tax credits.
Family owned businesses often require additional estate planning. Business equipment and buildings will need to be depreciated using one of several ways. Company-owned land may be subject to certain real estate regulations. Nearly everything involved in your business from the first thought to hanging out an open sign requires advance planning to avoid paying unnecessary taxes.
If your business has been in existence for some time, CK & Co accountants can help you decide if certain changes would be to your advantage. We will also advise you of the best times to make proposed changes.
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