tax preparation services

We are Your Personal & Business Tax Audit Pro’s 

 

For over 12 years we’ve been helping our clients succeed, from business formations and tax structures, to annual tax filing and cryptocurrency. There’s a good reason why we’re one of Atlanta’s and Nashville’s top reviewed tax firms. 

 

Simplifying the Complex:

We believe that supporting your financial goals should not be only about crunching the numbers, but promoting your overall success. That’s why we’ve built our entire business around three core principles: A relentless focus on data security, unrivaled subject matter expertise, and top-notch customer service.

 

Preparing and planning for taxes is often a stressful and complicated endeavor for most people.

 

Preparing your own tax return can be extremely difficult with today's complex tax code and may often leave you with more questions than answers.These days, the majority of people and small businesses use a professional tax preparer to assist with the preparation of taxes. Even if you are just filing a simple return, the rules may change from year to year and it is easy to overlook these changes and submit an incorrect return. By doing your taxes yourself, you may also end up overlooking deductions and credits.

 

We have the expertise that is needed to help you file your returns while also helping you to minimize your tax liability with careful planning.

 

Our tax preparation services include:

  • Individual Tax Preparation

  • Business Tax Return Preparation

  • Gift & Estate Tax Return Preparation

  • Partnership & Corporate Tax Preparation

  • Estate and Succession Planning

  • Out-of-State Returns

  • Business Start-Ups

 

We can also help with our extensive tax planning services.

 

Tax Planning & Education 

Tax planning is essential to helping you successfully and legally reduce the amount of your tax liabilities. In addition to making sure that your business is tax compliant, we also can suggest tax saving strategies that will maximize your after-tax income.We offer tax and education planning to assist start-ups, as well as, established businesses. We will provide you with a complete list of the most commonly overlooked deductions so that you can limit your tax liability for the following year.

 

We’ll also assist you with tax planning by:

helping you to defer income so that you can save money now and pay less taxes in the future

lower taxes on your income so that you can keep more of your earnings

lower taxes on your estate and gifts so that the beneficiaries can keep more of what you have given

lower taxes on investments and retirement distributions so that you can maintain your lifestyle and much more.

If you own a small business in Houston or need help with individual taxes, working with a professional tax planning service can help save you more money. 1040+ offers the expertise that you need to save on your taxes at affordable prices.

 

BOOKKEEPING

 

Success starts when you take charge of your books.

 

Exclusive Solutions Bookkeeping Experts You Can Count On.

As a business owner, you have to wear a lot of different hats, and some of them fit better than others. Many entrepreneurs find themselves struggling with their bookkeeping responsibilities. They don’t have the time, or the knowledge, or they simply don’t enjoy it. Our bookkeeping services make it possible for you to spend your time where it’s best spent - on your areas of expertise and interest. We have experience in serving a wide range of industries and business models, including food service, health care, real estate and insurance. Whether you run a factory or sell fashion jewelry, we know the services you need and provide it in a way that suits your schedule and budget.

 

Our process is all about you and your business, so we don’t take a cookie cutter approach. Instead, we start with a conversation, speaking to you one-on-one on to make sure we know which tasks you want us to work on. Some of our clients ask us to assume all of their bookkeeping responsibilities, while others just need help with a few of the more complex and time-consuming tasks. Whichever route you choose, rest assured that outsourcing these services to our professional team will provide you with high quality, meticulous bookkeeping services for far less than the cost of hiring an in-house professional.

 

Our goal is to help you meet your goals, both short and long term.  We know that competent, consistent bookkeeping is the key to a business’ success. Having accurate and professionally-prepared financial documents enhances your understanding of the health of your business and guides your decisions. They can provide creditors and banks with the information that they need to help your business grow. Our services are customized to your specific needs, and can include any or all of the following, and more:

 

1099 service:

  • Accounts receivables and payables

  • Aging and vendor reports

  • Balance sheets

  • Bank and credit card reconciliation

  • Data entry

  • Profit and loss sheets

  • Sales tax service

  • Secure data exchange

If you have been considering hiring a bookkeeper, let us show you how our custom, outsourced bookkeeping services offer a better way.

 

 

CLOUD ACCOUNTING

 

If you’re like most small business owners, you wear many hats while attempting to make your business as successful as possible. For example, you may be responsible for managing inventory, communicating with clients, dealing with complaints, and handling all the financial aspects of your business.

In many cases, business owners take on all of these responsibilities simply because they don’t believe they have the ability to bring in experts to help them with any of these important tasks. Unfortunately, all this multi-tasking can cause problems for your business, especially when it comes to your finances.

Introducing Cloud Accounting:

Also known as online accounting, cloud accounting is the method of using software applications and computer hardware to complete accounting online. Information is sent to the cloud, processed, and returned to the user.

Cloud accounting offers many benefits for both entrepreneurs and their accountants. The two can collaborate better and work together more accurately.  It gives both sides greater insight into the numbers and cash flow with its anywhere accessibility, advanced security technology, live updates, and bug fixes along with real-time facts and figures.

Farewell to Paperwork:

Cloud accounting takes paperwork out of the equation for both entrepreneurs and their accountants. Everything is stored in cloud services and apps. This means that it takes less time for business owners and their accountants to find, file, and analyze documents. When compared to traditional accounting methods, cloud accounting is a no-hassle paper solution. It’s also efficient and green.

Real-Time Facts and Figures

Business owners can also update bookkeeping data in real-time. This keeps the information up-to-date and allows accountants to work with the current facts and figures. Both entrepreneurs and their accountants get a true snapshot and more insight of what’s currently happening in the financial arena.

 

 

VIRTUAL BOOKKEEPING

 

Bring your books into the digital age.

 

As a business owner, you probably feel yourself pulled in many directions at once and are expected to manage a myriad of operational areas. Even though you’re very good in your own area of expertise and may even be competent in quite a few other areas, it’s rare to be good at everything your company requires to be successful. Bookkeeping is a responsibility that presents significant challenges to many entrepreneurs: even if they know what needs to be done, they may find it mind-numbing and probably far too time-consuming.

Unfortunately, no matter how much you dislike the number-crunching task, you need the data it produces in order to make informed business decisions. That’s where we come in.

Why Virtual Bookkeeping?

Our virtual bookkeeping services free you up to focus where you’re most interested—and most needed—with the full confidence that your financial records, P&L statements, Accounts Receivable and Accounts Payable reports are all getting the meticulous attention of true professionals. You’ll have your information whenever you need it and wherever you are: it’s all available in real time, right at your fingertips. 

With the help of our professionals, you’ll not only get an immediate upgrade in your understanding of where your business stands and what you need to do to help it grow; you’ll also have the confidence that when banks and creditors ask for information, you’ll have accurate financial documents you can count on.

Feel at Ease

Our experienced advisors have been providing online accounting and bookkeeping services across many industries for years. We know you have your own system and priorities, and that letting go of your process requires a leap of faith. That’s why we take our time and listen carefully before we get started on your projects, asking all the right questions so you know that our services are tailored to your specific needs. Whether you only want us to handle a few tasks or want to turn over your entire accounting responsibility, we’ll do as much or as little as you want—all virtually—giving you back the precious time you’ve been missing.

Benefits of Virtual Bookkeeping

More time to spend on your areas of expertise and interest, especially if you’ve been trying to maintain the books yourself

Up-to-date records and statements, always available in real time

Avoid hiring and training staff bookkeepers & reduce overhead costs

In order to grow your business and move it forward, you need to be able to focus on what’s important. By handing your bookkeeping tasks, you’re giving yourself the opportunity to move forward with projects you may have set aside and giving your business a true gift: the gift of your time and your undivided attention.

If you’d like more information about our virtual bookkeeping services, whether you’re located in the Houston area or elsewhere.

 

 

VIRTUAL TAX PREPARATION

 

The days of gathering documents and trekking off to a CPA or tax preparer’s office are a thing of the past.

 

 

Tell your receipts, account statements, and W-2s they can stay home, as online tax preparation solutions have provided a new level of convenience. However, as easy as the various DIY programs market themselves to be, they still lack the expertise and value only human advisors can provide.

Professional tax preparers can answer your questions and guide you to the deductions and strategies that will 1) minimize your tax burden, and 2) maximize your chance of a refund. That’s where our virtual tax preparation comes in.

Working with Tax Professionals vs. Tax Programs

Instead of clicking through a generic software package and trusting that a downloadable program will fit your specific needs, our virtual tax preparation service leverages state-of-the-art technology that provides you with live experts you can consult anytime. You can rest easy knowing that our team members, with their extensive real-world tax preparation experience, are readily available to help you with even the most complex tax issues.

  • Virtual Tax Preparation — Anywhere, Anytime
Our tax preparation services include:

  • Individual Tax Preparation

  • Business Tax Return Preparation

  • Gift & Estate Tax Return Preparation

  • Partnership & Corporate Tax Preparation

  • Estate and Succession Planning

  • Out-of-State Returns

  • Business Start-Ups

All of these services are offered completely virtually, guaranteeing the maximum level of convenience for you.

The Benefits of Our Virtual Tax Preparation Service

Flexibility, Convenience, and Control – No more scheduling your tax preparation around someone else’s schedule. Virtual tax preparation lets you choose when you want to prepare your taxes. Do it all at once or a little at a time; curled up on a couch or behind your desk in your office. Online preparation lets you control when and where your taxes get done.

Confidence – When you’re working with a generic software package, there are no guarantees: you have to rely on the program’s manufacturer to get the programming (and tax laws) right. When you use our virtual tax preparation service, we not only guarantee that you’ll get the maximum return possible, but we also guarantee its accuracy.

Speed – One of the biggest advantages that virtual tax preparation offers is the ability to file your taxes online. E-filing transmits your completed return to the Internal Revenue Service instantaneously, allowing the IRS to review it and send any refund you may be entitled to more quickly. The digital process eliminates the need for paper mail processing times to get your return to the IRS, as well as for them to get your refund to you: the agency will deposit your refund directly into your bank account, thus saving you from having to make a trip to the bank.

Digital Documentation – You know that file full of old tax returns, tucked in a corner of your office or in the back of your closet? Virtual tax preparation and online filing eliminates the need to maintain paper records of your tax returns, providing an electronic record that can be stored digitally for whenever you need it. You’ll be able to store, retrieve, and transmit your tax history whenever and wherever you need it, at the touch of a button.

Why Choose US?

Our virtual tax preparation service means that you’ll be able to access certified tax professionals whenever, wherever, and however you need them: sit down to do your taxes and when you have a question or need guidance, you can get in touch immediately for quick, accurate, professional answers. We’ll guide you to every credit and deduction for which you’re eligible, giving you the confidence of knowing that you’re minimizing your tax liability and optimizing your return. 

If you own a small business or need help with individual taxes, you can count on our virtual tax preparation to take the stress out of filing your tax return. We turn tax preparation into a convenient, simple, and seamless process; offering everything you need to save on your taxes at affordable prices.

TAX SERVICES FOR THE LGBTQ COMMUNITY

 

There are credits and deductions that are particularly applicable to the personal situations of LGBTQ people, and our office is both aware of and attuned to these specifics.

 

 

Domestic Partnerships and Taxes for the LGBTQ Community

Filing taxes is never a fun or enjoyable activity, and it is rarely easy and straightforward. But if you are a member of the LGBTQ community, the process can be particularly frustrating. This is because tax preparation software is simply not written with an eye to the specific needs of LGBTQ individuals and couples. 

There are credits and deductions that are particularly applicable to the personal situations of LGBTQ people, and our  professionals are both aware of and attuned to these specifics. We are especially aware of the unique issues that gay couples need to consider around the subjects of tax and estate planning, whether they are married or Registered Domestic Partners (RDP).

Our experience in optimizing the deductions and credits available is reflected in the millions of dollars in refunds our tax return preparation clients have received from the IRS, and the LGBTQ community can have confidence in our ability and knowledge of how these tools apply to them.

 

We can help you:

  • Review status and file an amended return following the repeal of the Defense of Marriage Act (DOMA)

  • Select the correct tax filing status

  • Complete complex tax returns

  • Ensure that you are in compliance with all tax laws

  • Review your tax options based on your legal status and state of residence

  • Provide specialized estate and trust tax services for LGBTQ clients

IRS TAX PROBLEMS

 

Before you call one of the large advertisers claiming to solve your problems for pennies on the dollar, take the time to talk to your trusted, local expert.

We are here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and, of course, extremely discrete.

We can help you with the following IRS tax problems:

Wage Garnishment - IRS wage garnishment is the deduction of money from an employee’s monetary compensation resulting from unpaid IRS taxes. Most likely this should not be a surprise as the IRS will only levy one’s wages after repeated letters and warnings about the taxes owed. This is one of the IRS’s most aggressive tax collection mechanisms and should not be taken lightly. The IRS would rather resolve taxes in a different manner but they will levy when they feel the have run out of other options. It is important to understand how garnishments work to ensure you take the appropriate actions to avoid them or stop the IRS from taking your wages

Bank Levy - An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property.

If you receive an IRS bill titled Final Notice of Intent to Levy and Notice of Your Right to A Hearing, contact us right away. 

If you receive an IRS notice of levy against your employee, vendor, customer or other third party, it is important that you comply with the levy.

 

Threatening Letters - The IRS carry out their threats, so ignoring an IRS threatening letter is absolutely the worst thing to do. First, you should check the facts in the letter. If there is anything amiss in their calculations or your liabilities or their assessment, write a polite letter back explaining the error or omission and see if they will remedy the situation. If they have reached the point where they are sending you threatening letters however, you may need to be a little more proactive in resolving the situation before the IRS become proactive themselves. You do not want this to happen. If you allow the IRS to take action before you do it will result in you unnecessarily suffering at their hands. The IRS has considerable powers when it comes to collecting taxes and they are rarely if ever prone to taking the lightweight approach. The IRS sends out threatening letters when they know or think they know that you owe them money; beyond that, they have little interest in you.

IRS Audit Notification - Did You Receive an Audit Letter From the IRS? - The first step is not to panic.  The IRS uses letters to communicate with taxpayers about IRS audits.  As with most IRS communication, there are deadlines associated with IRS audit letters.  You will have time to review the items that are being contested and prepare your response.  Selecting a return for examination does not always suggest that the taxpayer has either made an error or been dishonest.  In fact, some examinations result in a refund to the taxpayer or acceptance of the return without change.

Non-Filing - What if you fail to file? - The IRS may file what is known as a substitute return for you. However, as you well know, the IRS will not be looking to save you any money. In fact, a substitute return will not include any of the standard deductions your accountant would typically include in your return. Case in point, a substitute return only allows one exemption: single or married filing separate, so you end up with higher tax liability than if you would have just filed.

Liens - A federal tax lien arises when a tax return is filed and the tax isn’t paid after a demand for payment has been made. By law the lien is in favor of the United States and is upon all property and rights to property of the person with the unpaid tax. It gives the IRS the authority to seize any proceeds from sales of real estate owned by a delinquent taxpayer. To protect the government’s right of priority against other parties who are owed money by the same person, the IRS will file a Notice of Federal Tax Lien, which puts other creditors on notice about the IRS’s claim.

 

Offers-in-Compromise - Reduce Your IRS Debt with an Offer-In-Compromise - Qualifying for an offer-in-compromise settlement can save you thousands of dollars in taxes, penalties and interest.  An offer-in-compromise is an agreement between a taxpayer and the IRS to settle the taxpayer’s tax liabilities for less than the full amount owed.  Absent special circumstances, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.

Innocent Spouse - Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows.  Both taxpayers are jointly and individually responsible for the tax and any interest or penalty due on the joint return even if they later divorce. This is true even if a divorce decree states that a former spouse will be responsible for any amounts due on previously filed joint returns.  One spouse may be held responsible for all the tax due even if all the income was earned by the other spouse

In some cases, a spouse will be relieved of the tax, interest, and penalties on a joint tax return.

There are three types of relief available:

  • Innocent spouse relief

  • Separation of liability

  • Equitable relief

Resolve your IRS tax problem with the peace of mind that you are in good hands, please set up a time to talk. Servicing all 50 States. 

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