Tax Services

Ever since the first federal law on income taxes was passed in 1913, CPAs have been extensively involved in tax matters. CPAs keep abreast of changes in the increasingly complex tax system and can provide expert tax advice.

CPAs help small business owners with tax compliance, keep them aware of tax law changes, and help them choose among the available options and provisions. They prepare business income tax returns, as well as sales, payroll, and franchise tax returns. CPAs also represent their small business clients before the IRS, if necessary.

Since most business decisions have tax ramifications, CPAs play an equally important role as tax planners. In this capacity, CPAs advise small business owners on the tax implications of proposed transactions and provide assistance in overall planning. CPAs help small business owners understand how transfers of ownership, changes in inventory procedures, acquisitions and mergers, and other transactions can affect their taxes. They also can answer day-to-day questions about depreciation, contributions, installment sales, and other specific tax problems.