A core specialty is the preparation of tax returns for individual taxpayers. Over the years literally 1000's of Federal and State returns have been prepared and filed. We have have been assisting taxpayers since 2008.
Fundamental to minimizing your tax are good organization and record keeping. We find opportunities to increase you deductions and take advantage of the tax laws when it is easier to find these pieces of information. Another key is the experience of your tax preparer in particular. We have been preparing and efiling tax forms for taxpayers since 2008. Lots of experience. In addition support is always available to us from experts at Prestige Tax Office's headquarters.
Here are some thing you can do to make us more efficient and save you money on your tax bill.
1. Use a tax organizer.This is something you should be using all year for optimal results. It consists of two parts: an accordion file in which you store your receipts by type. Available at Walmart. This enables you to organize your receipts and forms by type. If you have not used one all year, no problem start now. The second part is the organizer which is designed to summarize and help you make sure you have accounted for all the different deductions for which you are entitled. Just let us know and we will provide one. It is a checklist.
2. An experienced tax preparer, like us, with our experience and knowledge of the tax code is more able to find deductions of which most taxpayers are completly unaware. Hey, there are over 5.5 million words in the US tax code. The combination of our collective training and the experience of filing untold thousands of returns makes us qualifed to save you Money!.
Tax planning and tax forecasting services for individual and small business clients is a core competency of the firm. Effective tax minimization begins with long-term tax strategizing to establish overall objectives and is maintained with conscientious and consistent annual tax forecasting and mid-year tax planning.
Your preparation for tax planning for next year should start now! Let us help you set up some simple procedures to be sure you get all the tax deductions available to you.
This is where that old saying that an ounce of prevention is worth a pound of cure is right on target.
As always, your first visit is complimentary; No charge, No obligation
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HELP FOR SMALL BUSINESS OWNERS
One of the things I do is try to help business owners make more money and pay less in taxes. I do not prepare taxes for corporations and/or LLC's
I do prepare taxes for sole proprietors. So if you own a business but it's not incorporated or an LLC I can help you with your tax preparation and efiling.
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Over 25 years of doing this I have discovered that most business owners are unaware of all the tax breaks available to them as business owners. Same is true for the self-employed. Even though you may not think so, the tax code is written favorably for small businesses because the engine on which America runs is small business. There are many things in that tax code that are designed to promote mall business health. On top of that there is the Small Business Administration (SBA) which was created for that sole purpose.
Small business tax return preparation and filing is a core service offered to our clients. Whether you are organzied as a Sole Proprietor or llc, a properly prepared tax return can be filed to minimize the tax owed.
The keys to minimizing your tax are organization and record keeping. We find great opportunities in this area among our tax clients each year. Tools than can be utilized are:
Accordion file, to keep all those pertinent receipts and documents so when the time comes your preparer can access them easily and not be searching for paperwork. Many taxpayers are not able to get the full benefit of tax deductions because documentation is misplaced or lost. This can be extremely costly. Our experience would indicate that some lose as much as 50% of deductions because of this. Another big issue is that many self-preparers are unaware of all the deductions available to them. The takes more than 73,000 pages to explain the US tax code. Pretty easy to overlook things. There are also some apps out there that can help facilitate recordkeeping, almost make it foolproof.
We will be happy to help with all of these things, just give us a call. As always, your first visit is comlimentary; No charge, No obligation.
I'm sure I do not need to mention the wild ride that Gold has been on this year. However, you may not appreciate the increasing value of Silver. Today's silver spot price is around $58. As compared to last year when it hovered around $25-$30. Keep in mind that the spot price value of precious metals is nothing more than a barometer of performance. When trading in metals, spot is a starting point. Other factors come into play when determing the final price. Many people have made mention of their concern that silver is too high right now to buy. Let me point out two things that deflate that argument. Over the last seven years, the world has burned through 1 billion ounces of the silver stockpiles. There is not enough production of silver and this production deficit could last well into the 2030's. The demand is continuing to grow due to silver's growing use in hi tech products. The only way the pressure on the price of silver will diminish is when supply meets or exceeds demand.
It is also true that Gold offers protection against inflation. As you probably know, a dollar isn't worth what it used to be. Compared to 1975 the dollar is only woth about 20 cents. In other words the buying power of the average US citizen has declined by as much as 80% over that time frame. And it is decling even more now. Another good reason to add Gold and Silver to your portfolio. As you may know the US dollar along with the currencies of many other nations, were backed by Gold and Silver for many decades. That is why we have Fort Knox, to store that Gold and Silver. A currency that is not tied to a permanent asset is called a fiat currency and that alone is not a good thing. Many believe that many of our country's financial problems would not exist were we still on the gold standard. But, like it or not we are not. Not being on the gold standard is also a major reason we have the amount of inflation that we do. As you have seen in the media, when the government needs more money than they have they vote to increase the debt ceiling. Put another way they print more money without any assets to back it up. One of the primary causes of the decline in the value of the dollar and the subsequent decline in Your buying power. That's why when I bought bacon this week it was $8.80 instead of the $7.40 I paid last week. That's almost a 20% increase. I mention this to point out that Gold and Silver also protects you from inflation.
I use the only Gold & Silver resource that is licensed, bonded and a member of the Better Business Bureau, National Gold Consultants, Minneapolis, MN. They do not use National advertising like their competitors but rather work thru a newtwork of licensed Financial Advisers, like me. No expensive television ads or expensive celebrities, allows NGC to pass those savings along to you when purchasing gold and silver.
479-586-3464 bc25600@gmail.com
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