our services
Tax Services
Tax Preparation
Tax Planning
Tax Issues and Solutions
Processing and Tracking your Tax Return and Refund
Record Retention for Individuals and Businesses
From $975 (individual)
From $1,975 (business)
Small Business Services
QuickBooks
Bookkeeping
Financial Statements
Payroll Services
Cash Flow Management
Business Valuation
Strategic Planning
Succession Planning
Tax Return Preparation
From $75 per hour
Estate and Trust Tax Services
Fiduciary Tax Preparation
Income Distribution Planning
Tax Compliance and Reporting
Minimize Tax Liabilities
Estate Tax Planning
Beneficiary Consultation
Estate Administration Support
From $1,050
Tax Services
Tax Preparation: Whether we like it or not, today’s tax laws are complicated, and the filing of a relatively simple return can quickly become overwhelming. It is just too simple to overlook deductions and credits to which you are entitled. Even if you use a computer software program, there’s no substitute for the assistance of an experienced tax professional. With this in mind, we at Eads & Associates Inc. bring all of our expertise to bear to provide a complete and accurate tax return that utilizes the advantages available to your and/or your business under current law.
Tax Planning: Careful planning is key to effectively and legally reducing your tax liability. Taking this into consideration, we reach beyond tax compliance and proactively recommend tax-saving strategies that make the most of your after-tax income. In addition, we make it a priority to keep abreast of current tax law, complex tax code, and new tax regulations
Tax Issues and Solutions: Occasionally, and individual or business may find themselves having to resolve tax matters with the federal or state revenue service. This can be frustrating and stressful, especially if they have never experienced this process before. We encourage our clients to contact us when such matters arise so we can address the concern to the satisfaction of both the client and the government agency in question. Whether it is an IRS notice for a business or individual, a state notice, and application for payment, a payroll-related matter, or another tax concern, our staff is trained to handle these issues in a professional and timely fashion.
Record Retention for Individuals and Businesses: The length of time you should keep a document depends on the action, expense, or event the document verifies. Generally, you must keep records that verify items of income or deductions on a tax return until the “statute of limitations” for that return runs out. The “statute of limitations” is the time you are allowed to amend your tax return to claim a credit or refund, or the IRS can assess additional tax. It is recommended that you keep all tax records for a minimum of (7) years. Some records should be kept indefinitely.
Processing and Tracking your Tax Return and Refund: Timely receipt of your tax refund during tax season usually depends on how you file your return:
- Paper Refunds usually take at least eight weeks.
- Direct Deposit greatly reduces the time it takes to receive your refund.
- *E-filing, along with direct deposit, is generally the best way to assure timely receipt of your refund.
Small Business Services
Hiring a bookkeeper, keeping track of payroll, learning financial software and preparing financials can be costly for some of our business clients, the majority of which did not go into business to learn accounting, but to provide services and products about which they are knowledgeable. Eads & Associates Inc. offers its clients the ability to have their accounting needs met while they continue to provide important services and time to their own customers.
Our services include, but are not limited to the following:
- QuickBooks Services – we offer training, consultation, payroll, and accounting services using the latest QuickBooks software.
- Bookkeeping Services – we offer data entry, bank reconciliation, checkbook reconciliation, and sales tax preparation.
- Payroll Services – we offer weekly, biweekly, semiweekly, and monthly payroll services depending upon your needs. Our clients pay one rate each pay period based upon number of employees. The payroll fee includes payroll processing, 941 deposit processing, quarterly payroll reports, and year-end W2 and W3 processing.
- Cash Flow Management – we will help determine when and how your cash needs will occur, identify available sources for meeting additional cash needs, and assist you in preparing to meet these needs when they occur.
- Business Valuation – what is your business worth? Whether you are negotiating a merger, considering new shareholders, attempting to resolve disputes associated wit liability, shareholder equity, estate planning or marital dissolution, an objective valuation can make the difference between loss or gain, success or failure. To this end, we’ll work with you to analyze your operations and historical financial data so that we can provide a well-reasoned, fully-documented valuation opinion.
- Strategic Planning – A Strategic Plan is often needed when starting, expanding, or buying a new venture, product or service or turning around a declining business. With that in mind, we’ll help you design a strategic plan that clarifies your companies direction, ensures your key leaders are all “on the same page”, and keeps both management and staff focused on the tasks at hand.
- Succession Planning – If you own a family business, retirement isn’t simply a matter of deciding not to go into the office anymore. Our job is to combine our expertise with your wishes to assure a favorable outcome for all.
Estate and Trust Tax Services
We understand the complexities and nuances involved in managing the tax affairs of trusts and estates. Our team of experienced professionals is dedicated to providing comprehensive Trust and Estate Tax Return services to help our clients navigate the intricate world of fiduciary taxation with confidence and peace of mind.
Fiduciary Tax Preparation: We specialize in preparing accurate and timely tax returns for trusts and estates, ensuring compliance with federal and state tax regulations. Our meticulous approach guarantees that all income, deductions, and credits are properly accounted for, maximizing tax efficiency.
Income Distribution Planning: We work closely with trustees and estate administrators to develop a strategic income distribution plans that optimize the tax liability for beneficiaries while preserving the financial well-being of the trust or estate.
Tax Compliance and Reporting: Our team is well-versed in the latest tax laws and regulations affecting trusts and estates. We assist in filing necessary forms and reports, such as Form 1041 for trusts and Form 706 for estates, ensuring that our clients remain in full compliance.
Minimizing Tax Liabilities: We employ a proactive approach to identify tax-saving opportunities and employ legal strategies to minimize the tax liabilities of trusts and estates, ultimately preserving the assets for beneficiaries.
Estate Tax Planning: For estates potentially subject to federal and state estate taxes, we provide comprehensive estate tax planning services to help minimize tax burdens while ensuring that your estate is passed on to your heirs as effectively as possible.
Beneficiary Consultation: Our team is available to provide guidance to beneficiaries, ensuring they understand their tax obligations and rights as they relate to trust or estate income distributions.
Estate Administration Support: For estates in the process of being settles, we offer comprehensive estate administration support, ensuring that all financial matters are handles efficiently and accurately.