Do you really know who prepares your income tax returns? Is it someone who took a brief training course? Do you trust your tax software to understand and correctly interpret every nuance of your finances? Maybe it’s time you considered using Absolute Accounting Services, a dedicated professional who really knows the business of taxes and finances all year around, not just January to April. We will assist with the preparation of all your individual tax needs from a basic 1040-EZ form to complex business returns. To ensure your tax return is filed timely, we provide e-Filing services. Minimize your tax liabilities and reduce your individual tax burden today by taking advantage of one of our many services.
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.
Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.
Business tax return preparation
Our firm offers professional preparation of all federal, state, and local tax returns at competitive, affordable rates. We also offer financial statement preparation for use in annual reports to your board of directors and stockholders.
Books are a mess? No problem!
If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you. We’ll prepare your bookkeeping for the year and prepare a full Schedule C as well as your personal income tax return. Then, we’ll help you set up an easy system that allows you to keep your books in tip-top shape the following year.
Individual tax return
Our firm offers professional preparation of all federal, state, and local tax returns at competitive, affordable rates. We are committed to providing technical excellence with proactive tax strategies, tax planning, and tax compliance services. Our foremost objective is to reduce the tax liability of our clients.
Not-for-Profit 990 tax return preparation
We can help maintain your non-profit organization’s tax-exempt status by handling your annual IRS reporting. Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.
1.Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent, etc.
2.Balance Sheet with specific categories like cash, accounts receivable, accounts payable etc.
3.Functional Expense Statement with all the expenses allocated to program services, fundraising, or operations.
4.Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
5.Revenue Support Schedules that detail the organization’s sources of income in specific categories like charitable donations, membership fees, investment income.
The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So, it’s imperative that you build your accounting system around these revenue and expense classifications.