Click here for some useful tax tips and information.

  Only death and taxes are inevitable. As accountants, it is our function to deal with that second inevitability, taxes.

  Individual Taxes – Proper tax management involves more than seeing you once a year to prepare your tax returns. We strive also to take our involvement to a higher level by helping you prepare for the future.

  We can advise you on planning for your current tax situation (a process that should encompass at least two consecutive years). We can help you with planning for events such as retirement, education, and stock options.

  We can work closely with your investment advisors to coordinate your financial plans with your tax situation. Although we concentrate our efforts on tax and business management, we have working relationships with several firms who provide expert estate and trust management services.

  In short, we offer you a full range of accounting, tax and business advisory services in a professional atmosphere that treats each client as an individual entity with specific and unique needs, problems and goals. We strive in every way to be your personal professional.

  Business Taxes – Business taxes are complicated and require the services of an accounting firm that has consciously chosen to concentrate its services on providing an array of business tax services.

  Among the most important of these services is planning, which begins with a thorough understanding of the business client’s objectives and goals. From this basis, we determine the most advantageous business entity for our clients, assist in establishing proper accounting functions, and formulate and assist in monitoring a course designed to maximize profits while minimizing taxes. Finally, we prepare the tax returns.

  This philosophy and process allows us to assist corporations, partnerships and sole proprietors from one-man operations to large corporations with over 100 employees in all aspects of business taxes and planning.

  Payroll Taxes – The mere fact of having employees opens the door to confusing tax requirements – and the most imposing penalties.

  To make the process as painless as possible, we prepare the initial payroll tax registration forms and the quarterly and annual tax returns, assist in properly calculating payroll, and plan and account for employee benefits. Where employers do not wish to deal with payroll in any way, we even process the paychecks

  We make payroll simple and non-disruptive to our clients who desire any or all of these services.

Tax Tips and Facts

The following statistics were reported for 2001, according to The Kiplinger Tax Letter::

-The top 1% of tax filers, those with incomes exceeding $292,900, paid 34% of total federal income taxes, down from 37 1/2% in 2000.  But they made just 17 1/2% of adjusted gross income (AGI).

-The top 5% of taxpayers with incomes exceeding about $127,900, paid 53% of the total, while having 32% of AGI.

-The top 10% of all filers, those with AGIs of at least $92,700, bore 65% of the income tax burden while making 43% of all adjusted gross income.

-The bottom 50 percent of filers still paid just 4% of total income tax.  This has held steady of the the past few years.

Deductible Unreimbursed Employee Business Expenses

  Here is a list of possible deductions on your Federal, State and Local income tax returns:
     1)  Certain business meals and entertainment
     2)  Business related travel expenses
     3)  Automobile expenses, either mileage or actual expenses but not both
     4)  Union dues
     5)  Professional subscriptions
     6)  Business gifts up to $25 to any individual per tax year
     7)  Depreciation of certain assets used for business activities
     8)  Uniforms and certain work clothes not adaptable to everyday wear
     9)  Conventions and seminars