A focus on Tax Services
Our services encompass nearly every aspect of taxation. We are trained in all matters of accounting but and uniquely focused on taxation, IRS problem resolution, estates and trusts, business formation, financial planning and investment, real estate and business sales.
We offer:
Audit Counseling
By planning and proper reactions, we can make dealing with an audit a more manageable event. If you get a letter from the IRS, don’t ignore it. Consult with an expert and prepare the appropriate documents required to deal with the audit.
To reduce the possibility of an audit, consider the follow “red flags” highlighted by Kiplinger’s Personal Finance magazine. The most common 12 audit “red flags” are:
- If your income is over $200,000.00
- Failure to report taxable income – report all 1099s and W-2s
- Taking large charitable deductions.
- Claiming a home office
- Claiming rental losses
- Deductions for business travel, meals and entertainment
- Claiming 100% business use for a vehicle
- Claiming a loss for a hobby
- Running a business where most transactions are cash
- Not reporting a foreign bank account
- Engaging in Currency Transactions
- Taking excessive deductions
Business Tax Returns
Small business tax return preparation and filing instructions are core services offered to our clients. Whether your company is a C corporation, S Corp, Limited Liability Company, Partnership or Sole Proprietor, we can assure a properly prepared tax return that minimizes your tax liability. Over the years, we have helped many small businesses plan and prepare their Federal and State tax returns.
Individual Tax Returns
Let us make this year’s returns quick and easy for you. With our flexible pricing, E-filing, Direct Deposit Refunds and Tax Reduction Review we have taken all the stress out of tax preparation. We make it simple!
We can prepare and file your State and Federal Income Tax Returns regardless of your location.
Contact us to request an appointment to discuss your needs.
Electronic Filing (eFile)
Get your money back faster by filing your taxes using the IRS’s eFile option.
By sending in your taxes to the IRS or your state’s Department of Revenue electronically using IRS e-file, you jump ahead of the line when it comes to processing those returns. Choosing to e-file ensures that your tax returns are filed the fastest way possible, and arrive in a format easy to process.
Fast tax return delivery + ready-to-process returns = QUICK REFUNDS!
When you e-file taxes rather than using standard mail returns you reduce the time it takes for your returns to reach taxing authorities: there is no travel time, there is no processing delay. You can skip the line and get your taxes processed faster.
Combine eFile with direct deposit for an even speedier refund delivery. Typical mailed in returns can expect refunds within 15 – 22 days after the IRS accepts and processes your return. Add this to the time it took to hand-write, calculate, and mail in your return and you’re easily looking at over a month of time invested!
Tax Planning
Planning is the key to successfully, and legally, reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We will discuss the risks and rewards of those strategies to assure the best short and long term results.
Our focus on taxation services, allows us to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars and continuing education.
We will help you pay lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year; we will develop the proper response that addresses your personal and business needs with the attention needed to reap the reward of reducing your tax burden.
Year-end tax planning is especially challenging this year because of uncertainty over whether Congress will enact sweeping tax reform that could have a major impact in 2012 and beyond. And even if there’s no major tax legislation in the immediate future, Congress next year still will have to deal with some issues, such as whether to once again “patch” the alternative minimum tax, and what to do about the post-2012 expiration of the Bush-era income tax cuts (including the current rate schedules, and low tax rates for long-term capital gains and qualified dividends). With an economy that is still struggling, a federal deficit that is staggering, and a Presidential election on the horizon, it’s relatively clear that 2013 will bring some major change. Below is a list of actions based on current tax rules that may help you save dollars if you act before year-end. Not all actions will apply in your particular situation, but you will likely benefit from many of them. We can narrow down the specific actions that you can take once we meet with you to tailor a particular plan.
Let’s talk
Whether you’re just starting a business, preparing for an upcoming tax season, or considering major business decisions that could have tax implications, you don’t have to navigate it alone. Our expertise in tax planning, estate planning, and business sales means we’re uniquely positioned to guide you. Drop us a message below and let’s start the conversation on how SJP Tax Services can empower your business.
Have Any Questions?
Schedule a free call or appointment to discuss your needs.
