Services

  • Tax Preparation
  • Tax Consulting
  • Tax Planning or Projection
  • Tax Resolution/Audit Representation
  • New Business Formation

Preparation – Individual and Business

Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.

Here’s what you get…

  • Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
  • Your tax return can be filed electronically so you will get a refund back quicker.
  • We 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.
  • Our firm is in Maryland, but we are not limited to preparing only Maryland income tax returns; no matter which state or territory of the U.S. we can prepare the return.

Business Tax Return Preparation

We prepare tax returns for business entities of all sizes, types and industries, these include:

  • Sole-Proprietors, Self-Employed and Schedule C
  • Home Based Businesses
  • Small Business Corporations (S Corporations)
  • C Corporations (Conventional Corporations)
  • Foreign Corporations-Form 5471
  • Foreign Bank Account Report – FBAR
  • Partnerships
  • Limited Liability Companies (LLC)
  • Not-For-Profit and Religious Organizations
  • Information Returns – we can help prepare your Forms 1099/1096 and W-2/W-3.

Tax Consulting

So if you have any questions or don’t understand the tax rules, you can contact us for a tax consultancy. We can provide you the expert advice and strategies that minimize the tax obligations while also reducing the chance of an audit that could lead to a conflict with the IRS or with a state tax agency.

FREE 30-minutes consultation

This free for 30-minutes consultation can be applied to the tax preparation fee if you are a new client and choose to have your tax return prepared by us.

Tax Resolution (Audit Representation)

If you or your business have the following tax problems, we can help!

Common tax problems for Individuals:

  • The individual claimed too many tax exemptions at work, so a large tax bill is owed at the end of the year.
  • One spouse owes a significant amount of taxes, but the other spouse does not.
  • ​The individual is unemployed and did not withhold sufficient taxes.
  • ​The individual cashed out a retirement after losing his or her job. The individual uses all the money for their cost of living and paying off debt, and little to no taxes are withheld, so the individual gets a large tax bill at the end of the year.
  • The individual retired and did not do any tax planning prior or during the transition.
  • ​Little to no taxes were withheld from the retirement funds, so the individual gets a large tax bill at the end of the year.​​
  • ​The individual’s tax return is being audited due to unreported income, overstated expenses, a mistake on the return, or a mistake on the part of the IRS or state.
  • ​The IRS or state has garnished all funds in the individual’s bank account and/or frozen the account.
  • ​The individual has not dealt with the back tax balances for many years.

Common tax problems for Business:

  • The business has several years of unfiled business and payroll tax returns.​
  • The business did not pay sufficient quarterly taxes and got a large tax bill at the end of the year.​
  • The business did not pay payroll taxes to the IRS or State.
  • The business did not pay sales or use taxes to State.​
  • The business has not dealt with the back tax balances for many years.​
  • The business filed tax returns late and the business was charged significant penalties.
  • The business tax return is being audited. The audit could be due to unreported income, overstated expenses, a mistake on the return, or an error made by the IRS.

With our tax solutions can help with a variety of tax services for individuals and business including preparing income tax returns, resolving tax problems with the IRS and the state of Maryland, and representing the taxpayer in the case of an IRS or state tax audit.

Tax Planning or Projection

No one likes bad news or unexpected surprises at tax filing time. That is why our firm is committed to year-end tax planning as a crucial proactive component of tax preparation. It is important to begin planning prior to the year end, so there is time to take any action to either reduce or defer taxes.

Moving forward, we know there are opportunities presented where changing directions has implications, namely those involving tax. Commonly called “what-if” analysis of business or investment decisions, forecasting helps to evaluate the different options, predict any relevant tax benefits or consequences of making the decisions, and aids in the decision-making process. Let us provide you with all the information you need in order to evaluate your options, so that you can make smart and informed decisions, resulting in short and long-term solutions that are best for your specific situation.

Our tax planning & projection services include, but are not limited to:

  • Divorce Tax Assistance and Consulting​
  • Married Filing Separately vs. Married Filing Joint Scenario Analysis
  • Children’s Investment Income Tax Consulting​
  • Future Year Tax Projections Based on Current/Prior Years​
  • “What-if” Scenario Analysis and Option Evaluations
  • Annual income verification to avoid income under-reported.

New Business Formation

Thinking of owning your own business? Opening your own business is exciting and thrilling. It’s everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It’s up to you to maintain and stretch out the “thrill and excitement” period forever. A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We help you…​

  • Determine which business entity best meets your goals and minimizes tax liability.​
  • Make sure you are compliant with state, local, and federal tax laws such as sales and use tax, payroll tax, and Federal EIN (Employer Identification Number).
  • Assist you in filing paperwork for state and local licenses and permits as required.​
  • Let us help you succeed by getting your new business off to a good strong start. Please contact us to learn more about our New Business Formation Services.