INDIVIDUAL TAX PREPARATION
There are some things you can DIY without a care, but your taxes aren’t one of them. Especially with the changes enacted by the new tax reform, even relatively simple tax returns have become confusing.
If you’re comfortable with overlooking deductions and credits, you can use a tax preparation software. If you’re not, we would be happy to help.
When you work with Resourceful Business Advisors, your tax return will be checked manually and rechecked by our computer software, identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
We can file your taxes electronically for you so that you can recieve your refund more quickly.
BUSINESS TAX PREPARATION
If you’re looking to have your company’s taxes done, our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months?
We will show you potential deductions to limit your tax liability for next year and provide a list of commonly overlooked deductions to limit the following year's tax liability.
If you haven't kept up your bookkeeping, don't panic, we can help. We'll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.
PLAN AHEAD, BE BETTER PREPARED
Tax services are one of the most crucial aspects of modern business. With the ever-changing tax code, it can be difficult to stay on top of things. Resourceful Business Advisors LLC offers year-round planning services that reduce tax costs for operations and transactions that affect overall income and employment taxation.
We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. By applying responsible, assertive, tax minimization strategies, we help owners keep every dollar that they are entitled to receive by the tax code.
We work to help our clients:
grow and preserve assets, deferring income so you can keep your money now and pay less taxes later
reduce taxes on your income so you keep more of what you make now and within your estate plan
reduce taxes on your gifts so you can give more to causes you care about
reduce taxes on your investments so you can grow your wealth faster and retire in style.
Common Tax Strategies We Employ:
Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.