| |
Individual Taxes
We can help hundreds of individuals
with their personal income tax preparation every
year. Last year we also prepared returns for
residents of 22 other states besides map Michigan.
We prepared dozens of returns for individuals with
foreign income.
Compare us to do-it-yourself solutions. Every year
we are presented with returns from people who have
prepared their returns using do-it-yourself software
packages. In 90% of the cases, we find errors in
these returns, most of which are in the taxpayers
favor.
Many times we hear of people say, “I worked on my
taxes this weekend.” How much is your time worth?
Most of our appointments last 1 hour. In that time,
we will review your prior year’s returns and gather
and review your current year’s information. A short
time later, your return will have been prepared,
reviewed and be available to submitted to the taxing
agencies after your review and approval. Isn’t your
time and peace of mind worth more than that?
We will analyze your relationships and will ask you
about the status of various documents that may need
to be in effect in order to provide for those who
depend on you.
We work with professionals from many different
fields who are able to lend their expertise to make
sure that all of your needs are provided for. These
include financial advisors, attorneys, life
insurance agents, home and auto insurance agents,
mortgage brokers, real estate agents retirement plan
administrators.
Retirement and beyond, we encourage all of our
clients to save as much as a they can for
retirement and in
general. The last recession proved why we all need
more savings.
Below is a map of the states we have done work for:
Business Taxes
We prepare federal and state returns for
Corporations (regular and S-corporations),
partnerships, and LLCs. We start from a variety of
starting points ranging from bank statements to
spreadsheets to unadjusted trial balances and
complete the tax returns based on the best long-term
outcome. We take a long-term view. Maximizing a
deduction this year, that costs you more money next
year than saves you this year, is not always the
smart solution. Some clients have more
sophisticated accounting systems than others and we
are able to adapt to your level to maximize the
value and efficiencies for our
clients.
Trusts
We prepare trusts for families, estates,
remainder estates. We work with attorneys to ensure
that the trust accounting
is done in a manner consistent with the legal
documents.
Foreign Income Exclusion
For the past five years, we have helped nearly
100 individuals and their families who have either
re-located overseas or have accepted employment
overseas. There are many specific rules and
regulations that apply to citizens of the United
States in these situations and we have the
experience to help you
mitigate the income tax effects
Accounting
Financial statements - Compilations and
Reviews
We prepare compilations and reviews in accordance with
standards established by the American Institute of
Certified Public Accountants. These are tailored to
be informative and useful to the client, their
board, their banker, their insurance company, their
bonding company or their funding sources.
Specialized formats have
been created for various industries.
Bookkeeping Services
This is the basis of all accounting data. We assist
our clients many ways with bookkeeping services.
We can reconcile and adjust your bank accounts every
month. We can start with your with your check stubs
or your bank statement and record the transactions
into your general ledger. Or we
can start with
your spreadsheet and transfer this into an easy to
read format.
Business Consulting
We have been able to help our clients with
strategic planning services. These range from
income and cash flow projections for bank loans and
other funding requests to buy vs. lease for
buildings and equipment, hire vs. contingent for
labor resources. We have helped clients with
pricing and cost allocation models.
Businesses Served
Our client list includes restaurants, manufacturers,
dentists, doctors, lawyers, retail establishments,
non-profit organizations, manufacturer’s
representatives, insurance agencies, real estate
companies,
and construction companies.
Software
We can help you choose, implement and support
the software solution that is best for your
company. With twenty years of experience in this
field, we know the major brands and their
strengths and
weaknesses.
Business Start-ups
We can help you evaluate which entity is the best
one for your business and you own particular idea.
Each form has its advantages and disadvantages.
We will explain these to you and then after
learning about your plans, help you to choose the
type that will be most beneficial for you.
 |
Sole
Proprietorships: Type of business
entity that is owned and run by one
individual and in
which there is no legal distinction between the owner and the business. |
| |
|
|
|
Limited
Liability Company (LLC): A flexible
form of enterprise that blends elements of
partnership
and corporate structures. It is a legal form of company that provides
limited liability to its owners
in the vast majority of United States. |
| |
|
|
|
Partnership:
A nominate contract between individuals who,
in a spirit of cooperation, agree to
carry on an enterprise; contribute to it by combining property, knowledge
or activities; and share
its' profit. |
| |
|
|
|
C-Corporation:
Any corporation that, under United States
federal income tax law, is taxed
separately from its owners. |
| |
|
|
|
S-Corporation:
General, S corporations do not pay any
federal income taxes. Instead, the
corporation's income or losses are divided
among and passed through to its
shareholders. The
shareholders must then report the income or
loss on their own individual income tax
returns. |
Business Retirement Planning:
| |
Simplified Employee Pension (Sep):
Retirement plan for high income self
employed individuals |
| |
|
| |
Defined Contribution and Defined Benefit:
Retirement plans for larger businesses |
| |
|
|
|
