Our CPA firm offers a no-cost, no obligation consultation to determine if we can help potential clients achieve tax savings through strategic and thoughtful tax planning and tax preparation. During this consultation, we will review your current financial information and prior year tax returns, discuss your current needs, and identify potential tax savings strategies.
No income to report, you should still file a return. You may find that you qualify for benefits.
We make sure that we look over at all the various tax credits and deductions to which you’re entitled.
Retirement account contributions: We make sure that you can deduct contributions to a traditional IRA or self-employed retirement account.
State and local taxes. You can deduct various other taxes, including either state and local income or sales taxes (up to $10,000, including property taxes). You don’t need receipts for the sales tax; the IRS provides tables with average amounts you can claim.
Student loan interest deduction: You can deduct up to $2,500 or the amount of interest you paid during the year, whichever is the lesser.
Self-employed tax breaks: If you’re running your own business, remember that you can claim deductions for the money you save in your retirement plan, as well as the health insurance premiums you pay.
For most, taxes are by far the single greatest expense incurred over one’s lifetime. We also understand that no two clients are alike. Therefore, we continually stay abreast on the ever-changing landscape of tax laws and search for new opportunities and developments and analyze their implications, all which eventually help us create unique tax savings strategies specifically tailored to each client. We realize that each client has special needs and we are interested in learning about you, your business, and your individual needs.
Give us a chance to show you what we can do for your individual needs...!!