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If you are looking for a combination of personal service and technical expertise, you have come to the right place!  Our firm is comprised of highly qualified, experienced registered tax professionals and Enrolled Agents (EA), licensed to practice before the Internal Revenue Service, located in Raleigh, North Carolina.  Since our inception, we have offered a full range of accounting, tax and small business consulting services.  Our firm will focus on your unique tax and business needs.  Feel free to look around our online office website and see what we can offer you.  Please call for a free initial consultation!

OUR SERVICES
Our services encompass nearly every aspect of business and financial life.  We are experienced in all matters of taxation, IRS problem resolution and representation before state and federal taxing authorities.  We enjoy working with our clients located in the Raleigh-Durham Research Triangle area, and work with many individuals and businesses in other locations with our remote services.
We are proud that our use of online, interactive abilities make working with our clients as easy as possible. Our Client Portal allows you to send information to a secure electronic file cabinet for us to access. We can then answer questions or provide documents to you through the same secure Portal. Our Online Tax Organizer allows you to fill out an organizer and answer questions on your own schedule and send the completed organizer to us. You can also file your own federal and state returns directly through our website at a very low cost.

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Reduce your taxes...make better business decisions...and learn how to grow your wealth by reading our free reports on financial strategies for business owners, individuals and investors.   You also get the latest breaking tax saving strategies in our monthly newsletter.

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Balance your checkbook, save for college educations, check the current tax rates, tax due dates, when you'll get your tax refund, incorporate your business, securely send us your accounting files, pick up previous years' tax returns.....or simply pay our fees online.  And online, we're open 24/7!

            
             
             
             
             

Filing Taxes: Seven Reasons to Adjust Your Withholding

Is it time to adjust your withholding? Ask yourself the following:

1) Did your personal circumstances change?  Your withholding may be too low. It's tough to come up with a big chunk of money on April 15. It's easier to have a few extra bucks deducted from your paycheck for the next pay periods.

2) Did you learn that you have a big refund coming up?  Your withholding may be too high. You must have a dozen uses for that money right now, so reduce your withholding. Then bank that money, or use it to pay off bills. 

3) Do you have a business on the side?  Many people do. If you love that business, you're probably making nice profits. You should have been making estimated tax payments all year to cover income and self-employment taxes on those profits. You can avoid the penalties by increasing the withholding from your paycheck to cover the estimated tax payments you've missed.

4) Do you have a household employee?  Maybe you didn't quite realize that the person helping care for your parent or child should have been on payroll all year. You still have time to fix the problem and catch up. (Work with a tax pro on this one.) You can fund the payments to the IRS be increasing your payroll deductions. You must still file all the relevant paperwork, and you will also need to register with your state.

5) Did you collect unemployment benefits earlier in the year without realizing they were taxable?  You may need to increase both IRS and state withholding.

6) Is your Social Security Income (SSI) taxable? Up to 85% of SSI could be taxed when you have other income. Work out your liability now. Adjust your withholding on your SS benefits, your pension or your wages if you're still working.

7) Did you win a prize? Don't forget that what you win is taxable. For example, you should have been given a Form 1099-MISC or a W-2G if you were gambling at a casino. It's up to you to pay taxes on prizes and you may want to adjust your withholding to cover them.

How can you compute your taxes due?

There are several tax withholding calculators online, such as the one at www.irs.gov but they don't really offer a full computation that includes such things as self-employment taxes and alternative minimum taxes. It's a good idea to work with a tax professional at this time. Your tax pro can give you tips to reduce your taxes before the end of the year, too.

 

coursesy of Eva Rosenberg, EA http://www.taxmama.com

 

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