1. Individual Tax Preparation:
– Gathering and organizing personal tax information, such as W-2 forms, 1099 forms, and other income documents.
– Completing and filing the appropriate tax forms (e.g., Form 1040, 1040EZ) based on the individual’s financial situation.
– Maximizing deductions and credits to minimize tax liability.
– Providing guidance on tax planning strategies for the upcoming year.
– Assisting with tax-related questions and concerns.
2. Small Business Tax Preparation:
– Reviewing and organizing business financial records, including income statements, balance sheets, and expense receipts.
– Determining the most suitable business tax form to file (e.g., Schedule C, Form 1120).
– Preparing and filing business tax returns, including any necessary schedules and supporting documentation.
– Advising on deductible expenses, tax credits, and tax planning strategies to optimize the business’s tax position.
– Assisting with tax compliance requirements, such as estimated tax payments and payroll tax filings.
– Providing guidance on business structure and tax implications for startups or businesses undergoing changes.
