Services

Tax Services for Businesses and Individuals

Today’s tax laws are complicated. Whether you’re preparing the return for your business or filing individual taxes, IRS compliance can be overwhelming. With so many important details to consider, it’s easy to make an error or omit something which could end up as a penalty, fine, or unwanted problem with the IRS.

At Tax Pro One, we serve both individual and business planning, preparation and filing needs while remaining compliant with the continuously changing tax laws and regulations. We offer comprehensive tax services for upcoming returns and will work with you to plan ahead to maximize appropriate deductions and credit opportunities.

Tax Preparation Services for Individuals

• Prepare accurate tax returns that are filed on time
• Calculate estimated taxes for self-employed small business owners
• Electronic filing and direct deposit for a faster tax refund
• File Extensions and calculate estimated tax to avoid interest and penalties

Business Tax Preparation

• State and federal income tax preparation and filing
• Local and state sales tax compliance
• State and federal payroll tax
• Profit and loss statements
• Entity selection and structure (S-Corp, C-Corp, LLC)

Our Expat Tax Services

Although the IRS offers numerous deductions, credits, and exclusions to expats, taking advantage of them is not straightforward.

Some exclusions vary by country, while others can only be claimed for a portion of the year. In addition, each requires supporting forms and worksheets, which can be more than cumbersome to prepare.

For people who are either planning a move or have already settled abroad, we offer the following tax services:

• U.S. Tax Returns – We prepare your U.S. income tax return, including the most common schedules and forms.
• State Tax Returns – Depending on which state you most recently lived in, you may need to file a state return.
• Small Business Tax Returns – We assist small business owners, self-employed individuals, or folks with significant rental property with their returns.
• Online Filing – When you’re living in a foreign country, it’s not practical to send forms and documents back and forth through the mail. Our highly secure, fully encrypted Client Portal enables the quick, free, and safe transfer of files between
  our office and yours.
• Foreign Bank Account Reporting – We file the FBAR form for individuals who had above a certain threshold in a foreign account.
• Compliance – It’s not uncommon for expats to fall behind on their taxes. We help you sort through the paperwork, forms, and rules, and get you back in compliance with the IRS.
• Consulting – If you’re unsure of your need to file federal or state tax returns, give us a call. We help you get clear on your situation.

Accounting

As a small business owner you have more important things to do than to keep your own books. Get back to the job of running your business and generating profits, and rest assured knowing that your books are taken care of

Services provided include

• Financial Statements and Management Reports
• Evaluating and help implement software/app solutions
• New Business Formation

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of my other services.

Financial Statements and Management Reports

Preparation of financial statements are sent to you on a regular basis; enabling you to keep up to date and make well informed business decisions. As part of our package in generating accurate, timely reports, our procedures include

• Clean General Ledger: A review of your general ledger system allows me to hunt down any discrepancies.
• Reconciliations: Bank and credit card reconciliations are essential to weed out lost checks, deposits, and excess charges or income.
• Income Statement: Determine your operating performance, what areas are over/under budget, and track dramatic fluctuations.
• Balance Sheet: Get a handle on the financial strength and capabilities of your business
• Receivables/Payables:Ensure your customers are paying you, and get a snapshot of our outstanding bills on a consistent basis.

Software/App Solutions

Streamline and integrate your business processes to assist you in operating efficiently. I will evaluate to determine additional software/applications needs in areas including

*Inventory
*POS software
*Payroll and timesheets
*Sales Tax
*Receipt tracking, expense management

New Business Formation

The keys to a successful–and profitable–business are meticulous planning and a methodical approach to running your business. Failing to do this in the initial stages of business formation is often a recipe for disaster, and it’s the reason most businesses fail.

Consulting

When you sign up for accounting services, we schedule regular meetings with you so you fully understand how to interpret and utilize the financial information we provide.

Additional consultations are also available to discuss with you other areas of importance, including

Tax Planning

There is more to preparing your taxes than simply filling out forms at tax time. It’s also about understanding our clients’ needs and helping them plan for a secure future. We make sure you take every tax credit and deduction you deserve on your tax return based on careful analysis of your tax situation.

Data Security

In today’s global environment, protecting your data is even more important. We will consult with you to ensure that the integrity and confidentiality of your information are protected from unauthorized access.

Cash Flow Management

A cash crisis can be emotionally devastating. It can even kill your business. The starting point for avoiding a cash crisis is allowing me to develop a cash flow projection for you.

These are the most common services we offer – but it’s not our full list. Please contact us to discuss your needs if you don’t see them reflected here.