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Personal Tax Services
The most meaningful decision is to have professionals handle your personal tax filings. It can be challenging and stressful to prepare your own tax returns, and you still may miss some deductions or credits, costing you potentially thousands of dollars.
We have a committed attitude about our role and responsibilities as professionals for our clients regarding tax services. It's important to note that even the best tax software can’t take over the place of tax professionals since the professional minds can customize what our clients need and find the best solutions to solve their tax issues
We provide our clients with a complete range of tax services including tax return preparation, tax compliance, planning and forecasting to help minimize both current and future tax liabilities by keeping up to date with current tax laws and legislations. We are mindful of deadlines and will work and communicate closely with you to make sure all the filings will be thorough and on time.
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Business Tax Services
Our firm is focused on small to medium-sized businesses. We do our best to make their lives easier so they can spend more of their time productively and make their business even more successful. We enjoy educating our clients about necessary tax and accounting knowledge so that they have a better understanding of the tax filing requirements and can operate their business in an efficient and effective way. We provide business tax filing services for the following type of business entities.
· C Corporations
· S Corporations
· Partnerships
· LLCs
· Sole proprietorships
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Our goal is to help our clients avoid any costly errors and minimize their tax liabilities in the most appropriate ways with our best ability.
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Tax Planning & Forecasting
Tax preparation helps you get the filing done, but tax planning helps you minimize the amount of taxes you’ll have to pay. With effective tax planning, you may save hundreds or thousands of dollars on tax liabilities.
Our tax planning strategies include but are not limited to:
· Deferring income to lower current tax liabilities and spread them out in future years;
· Choosing the right accounting method to minimize your taxes and thus increase your profits
· Setting up payroll system for business owners for distributions in C corporations to minimize double taxes
· Choosing the appropriate retirement plans to get the optimal tax results
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Tax Forecasting is also one of the most important steps in the tax filing process. By forecasting the estimated earnings, you will make in each quarter will help you figure out more accurate estimated tax amounts you will need to withhold for each quarter, and thus help you avoid any costly penalties and interests.
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Tax Problems
It’s quite common for taxpayers to forget the tax filing or payment deadlines. It can be due to insufficient knowledge about taxes, financial hardships, personal emergencies, etc. Usually, you’ll face penalties and interests for filing and paying late. But, do you know sometimes the fines can be negotiated, waived or abated? We can help you on solving the tax problems you encountered by providing:
· Full compliance check of your IRS account to discover any existing tax issues
· Liens and levies release by negotiating with the IRS on your behalf and showing them that you are actively trying to fix your tax issues.
· Penalty abatement by explaining the reasonable causes to the IRS
· Installment agreement set up with the IRS so that you don’t need to pay a large lump-sum tax bill all at once
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When you choose Chance Accountancy as your professional representative, you receive the best services and sincere attitudes from us in meeting all of your tax and accounting needs.
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