Tax Planning and Accurate Tax preparations 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 make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.
Businesses and individuals pay the 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 are an Authorized IRS e-file Provider.
Our tax team at Accurate CPA Services has the expertise and wide breadth of knowledge to help you with your tax preparation needs relating to your partnership, LLC and sole proprietors.
Whether you need help with year-end tax filing requirements, quarterly or annual tax planning, or other tax consulting services our professionals can help. We have experience with many complex partnership and LLC issues including:
- Special allocations
- Curative allocations
- Analysis of liabilities
- Inside and outside partnership/LLC and partner/member basis
- Step up or step down elections
Our tax team at Accurate CPA Services has the experience with tax preparation services of corporations, closely held corporations, multi state corporations, and subchapter S corporations.
- Our tax professionals will help with your corporation’s tax filing requirements and will work with you to be proactive when planning for transactions in order to minimize taxes and maximize cash flow. Whether the company is a start-up, a small business or has been in business for multiple years and is looking for an exit strategy, our Tax Team can help.
For many of our clients business and individual tax situations are intimately related. Business activities and the method by which profits flow to ownership (shareholders, members, and partners) can have an important impact on the individual tax situation. Critical factors include the timing of payments, classification, overall individual tax position, as well as, many others. As a result, it is imperative to work with proactive tax professionals that not only understand the constantly changing tax code, but also understand how business activities will impact your individual tax situation. Accurate CPA Services tax professionals have years of experience providing comprehensive tax planning for business owners and high net worth individuals.
- Income tax planning & compliance
- Preparation of federal and state tax returns, including multi-state returns
- IRS/State tax audit representation
- Retirement tax planning
- Gift & estate plan reviews
- Estate & trust planning
- Tax penalty appeals
An Organization’s IRS Form 990 annual return is a public document and a valuable resource for grantors and donors. It is also a key instrument that the IRS uses to monitor an exempt Organization’s activity. As it is often a first impression to many individuals familiarizing themselves with the organization it is important that this document put the exempt Organization’s best foot forward. Which form an Organization must file generally depends on its financial activity, as indicated in the chart below.
2010 Tax Year and later (Filed in 11 and later)
Form to File
|Gross receipts normally < $50,000Note: Organizations eligible to file the e-Postcard may choose to file a full return||990-N||n/a|
|Gross receipts < $200,000, and Total assets < $500,000||990-EZ or 990||Instructions|
|Gross receipts > $200,000, or Total assets > $500,000||990||Instructions|
An organization’s annual return must be filed by the 15th day of the 5th month after the end of your Organization’s accounting period. Tax-exempt organizations must make their last three annual informational returns and their approved application for recognition of exemption with all supporting documents available for public inspection. An exempt organization is also required to provide copies of these documents upon request without charge. Certain organizations, such as churches and other religious affiliated institutions are exempted from the annual return filing requirement but may choose to complete a return to provide a valuable benchmark to donors.
For additional information about whether your organization is required to file you can download Publication 557, Tax-Exempt Status for Your Organization.