Tax Planning and Preparation
You've worked hard for your money and it is important you have money left AFTER you pay your taxes. Tax planning is just as important, if not more so, than income tax preparation. AT BAC Accounting we will work with you throughout the year, not just at tax time. Our goal is to create innovative and customized solutions to lower your income tax burden. We can help with your personal income tax planning and preparation as well as your business income tax planning and income tax preparation. We also can provide tax preparation to non-prot organizations. Tax planning is an important task to undertake before it is time to prepare your income tax return. At BAC Accounting, we will work with you to create a tax plan that minimizes the income tax you owe. We will meet with you throughout the year, not just at tax time, to establish a clear picture of your personal goals and objectives for your financial future so that you retain as much money as possible to meet these goals.
• Retirement planning
• Estate planning
• Quarterly tax estimates
• Tax deductions and credits
Income tax preparation is becoming more complicated each year. Working with a Certified Public Accountant is important because a CPA can serve as your representative before the IRS and state taxing authorities. Should your return be chosen for audit we can respond to all inquiries about your income tax return. Choosing BAC Accounting to prepare your tax return will give you the conconfidence that your tax return has been prepared correctly and all possible deductions/credits have been used.
Preparing your individual income tax return often takes hours of research. Why not let the accountants at BAC Accounting use their knowledge and training to ensure your income tax return has been prepared accurately and you have the lowest tax liability?
We can help you answer many tax questions and save you money.• What tax deductions or tax credits are available to you?
• Do you qualify for the earned income credit?
• What happens if you worked in two different states during the year?
• Can you contribute to an IRA to lower your tax liability?
• Are there any energy tax credits available this year?
• What tax advantages are provided by a second mortgage?
BAC Accounting is an authorized user of IRS e-file ensuring you will receive your refund quicker than if you file by
mail. E-File also ensures your tax return will arrive at the IRS in a format easy for IRS processing. Additionally, e-filing
ensures you tax return won’t be lost in the mail.
Knowing how the tax laws apply to your business is a crucial part of your business planning. It is important that you understand how your business and how you personally will be taxed. Proper tax planning, preparation and compliance are vital to the success of your business. At BAC Accounting we will assist with every financial aspect of your business. We believe in establishing an in depth understanding of your business and the industry in which your business operates. Working together, we will establish your goals and objectives and help you to grow your business and anticipate any tax affects. Tax planning is crucial to the success of your business as is accurate, timely completion of your business income tax return.• Business entity selection
• Partnership tax returns
• S-Corporation tax returns
• C-Corporation tax returns
• LLC tax returns
• Schedule C
• Payroll tax returns
• Sales tax returns
Have you volunteered to be the Treasurer of a non-profit organization but you fear the annual tax return? BAC Accounting has the experience needed to prepare Form 990 or Form 990-EZ as required by the IRS. Our staff will ensure the return is prepared correctly and on time while making sure your organization is not jeopardizing its non-profit status.