Your Tax Service Specialist in Lakewood
The tax season can be stressful for business owners and individuals alike. It can be incredibly challenging to make sense of your financial records and navigate tax issues that may unexpectedly develop. At N Schaum CPA, we not only help you understand your tax requirements but also save you as much of your hard-earned income as possible!
Our dedicated team of accounting experts in Lakewood is here to guide you through the tax process, whether you are an individual, partner, or business owner. If you need help filing your tax return, assistance with payroll taxes, or want to develop a tax planning strategy, we have the skills you can depend on. Contact our office today. We look forward to hearing from you!
Tax Services for Individuals
We know how hard you've worked throughout the year to accumulate your income, and our priority is to minimize your tax liability. You deserve a team that works diligently and thoroughly to reduce your risk of potentially harmful accounting errors. N Schaum CPA will consistently put in the time needed to evaluate your situation and assist you with any tax problems.
Our team draws upon our depth of knowledge regarding state and federal regulations to confirm that your taxes are filed correctly. We want to make sure you receive all the credits and deductions that you are eligible for!
Staying aware of IRS deadlines and ensuring your taxes are filed on time is crucial to avoid hefty fines for missing deadlines. By proactively filing for extensions and calculating your estimated taxes when necessary, we help you avoid interest and penalties on unpaid taxes. Since we use electronic filing and direct deposits, we get you a faster refund, so you get money back in your pocket as quickly as possible.
Not only can we help you file your taxes for the current calendar year, but we can also deliver planning services to help you make progress towards financial goals. By setting up a plan for future expenditures now, you'll be one step closer to success!
What if I Own a Small Business?
As a self-employed small business owner, you may find it tough to make sense of your tax requirements if personal expenditures and your business's financial accounts are closely intertwined. Our team will calculate your estimated taxes and provide planning services to help you navigate your company's finances. We can help you figure out itemized deductions and which expenses can be claimed for your business. You'll be free to focus on the details of running your business while we handle your taxes for you!
Tax Services for Businesses
We are aware of just how much work it takes to run a successful business. We work with you to develop a plan for financial success as you design new products, support your employees, and build your company. Correctly filing your business taxes requires you to be aware of more than just your company's revenue and expenditures for a given year. You must also consider:
- State and federal tax rules and regulations
- Local and state sales taxes
- State and federal payroll taxes
Our expert accounting team is well-equipped to help you remain in compliance at every level of tax regulation. We also help you develop tax planning strategies that work to save you money and minimize your liability.
Our tax services also extend to mergers & acquisitions. Whether you're on the selling or buying end, you must have a detailed understanding of the finances of all the companies involved to pay the correct amount of taxes.
An additional tax consideration that merits serious thought is your business's entity selection. Choosing the appropriate entity is vital, as the different entities (S Corporations, C Corporations, Limited Liability Corporations, and so forth) generate specific legal and tax consequences. Our team can help you decide which entity structure is most suitable for your business and whether a restructure would offer greater benefits.
Payroll Taxes to Improve Efficiency
To better your company's functionality, we are happy to assist with your payroll needs. We can structure payroll taxes, file returns, and submit taxes to maintain strict compliance with your local and state regulations.
Why Have a CPA Handle Your Taxes?
If you are hesitant to hire a professional to help you with your taxes, there are some essential benefits to be aware of, including:
- Time Saved: When you choose a CPA to assist you with your tax-based needs, you free up valuable time to focus on your other pursuits and business necessities.
- Accuracy: We are devoted to saving you money by helping you avoid common tax pitfalls.
- Unbiased Results: Since we work outside of your company or estate, we will consistently deliver accurate, balanced financial statements and findings.
- Precise Focus: As accounting professionals, we understand your tax needs and can narrow down areas that need attention. Regardless of which tax services you require, our approach is tailored to your financial success.
- Expert Resource: We use our professional expertise and years of accounting knowledge to bring insight and reliable solutions to you and your company. By working with a CPA, you will gain a deeper understanding of your finances and protect your money at the same time!
Supporting You With Tax Relief
Receiving an official notification from the IRS can be intimidating, but it is a situation that many taxpayers will encounter at least once in their life. We are here to assist you should any unexpected tax issues arise. By helping you understand the situation and exploring ways to address the problems you are facing, we can help you move forward with your life. We offer experienced advice on the following situations:
- IRS Audits
- Back Taxes Owed
- Delinquent Tax Returns
- Failure to File a Tax Return
- IRS Liens & Levies
- Wage Garnishment
If you've received a letter from the IRS, get in touch with us as soon as possible so we can help you figure out the options available to you.
Preparing You for the Tax Season
We look forward to helping you navigate your way through every tax season confidently. Whether you need assistance for yourself, a small business, or a major corporation, N Schaum CPA is always ready to support you with your tax-related needs. Contact us at our office in Lakewood today. We can't wait to hear from you!