TAX PREPARATION SERVICES
The tax experts at Master Accounting have the experience and know-how to help individuals and business owners accurately prepare and file taxes, plan for future tax events, reduce the risk of audits, and save the time and stress involved with tax preparation.
Because we stay on top of constantly changing tax laws, you can rest assured knowing that you are in compliance and that your taxes are being handled correctly. We are also here to help you with any IRS issues that you are currently facing to get them resolved quickly.
Individual Tax Preparation
We are committed to thoroughly understanding your tax situation in order to meet your precise financial needs and objectives.
Accurate income tax preparation and timely income tax filing is essential for any effective and efficient tax plan. Our understanding of “audit-triggers” and the importance of the presentation of tax information allows us to minimize potential audit engagements. We take the time to look for and recommend tax savings opportunities for every client.
We prepare all forms of individual federal and state tax returns. We can prepare returns for all states that have a state income tax. We have 20+ years of experience working with almost all tax issues, including but not limited to interest/dividends, small business Schedule C, farming Schedule F, Capital gains and losses Schedule D, rental properties/royalties, and K-1 income/losses Schedule E. We also have experience reporting retirement benefits, ACA (health care) information and installment sales.
Our tax professionals help individuals resolve IRS issues quickly and efficiently.
Key advantages of utilizing an experienced, trained, educated tax professional at Master Accounting and Tax Service will provide you with:
At Master Accounting and Tax Service, we can look at the whole picture and determine the best alternatives for certain tax positions. We are able to explain all tax positions and provide necessary planning for future tax events.
We do our due diligence to ensure that your tax return is accurately prepared and properly filed. If your tax return is selected for examination, you will have the reassurance that your return was properly prepared and filed.
We have 20+ years of experience working with most tax issues facing taxpayers today. Our tax professionals stay current on the latest tax changes so your taxes will be handled using the most up-to-date information.
Reduced Audit Risk
We have years of experience in government auditing. We know how to look for “red flags” that may trigger an IRS examination, thereby helping our clients avoid costly and aggravating IRS inquiries and examinations.
If you receive a notice from the IRS or state taxation agency, we offer an additional layer of protection that grants you access to a professional audit and tax fraud assistance service.
We provide this audit protection support to every individual tax return client at no additional cost.
Our fees are competitive with other tax preparation services. We are significantly less expensive than most CPA firms with fees typically less than the commercial and franchise tax preparation services. We charge by the forms used and offer discounts to new and current clients.
According to the IRS, it takes the average taxpayer around 22 hours to finish a form 1040, 10 hours to complete a form 1040A and 7 hours to complete a form 1040EZ. All those hours can be saved and used for something more important to you by allowing us to prepare your tax returns.
Business Tax Preparation
We prepare C corporation, S corporation and LLC/Partnership tax returns. In addition, we advise on entity conversions to ‘S’ or ‘C’ corporations.
If you own a business, tax compliance can be time-consuming and overwhelming. Tax laws are constantly changing, and it is easy to miss a deduction or a due date. No matter what your business tax needs are, we are prepared to give you answers in an honest, understandable, and straight-forward manner.
We prepare the following types of tax returns for businesses:
- C Corporations – Form 1120
- S Corporations – Form 1120S
- Partnerships – Form 1065
- State Income Tax Returns
- Payroll Tax Returns
- Sales Tax Returns
We have experience working with all types of businesses, including but not limited to the following:
- Health Care – Physicians, Dentists, and Optometrists
- Construction contractors – Carpenters, Electricians, Plumbers, Masonries, Painters, Heating and AC repair services, Welders and Roofers
- Artists – Sculptors, Metal Workers, Performing Artists
- Retail Stores
- Insurance Agencies and Brokers
- Manufacturing Companies
- Catering Services
- Property Management Companies
- Landscaping Companies
- Pest Control Services
- Fitness Centers
- Massage Therapists
- Pool Cleaning, Repair, and Installation Companies
- Transportation Service Companies
- AV and Security Installation Companies
- Hotels / Motels
- Delivery Service Companies
- Law Offices
- Computer Consulting and Repair Companies
- Amusement Ride Owners
- Architectural Engineering Firms
- Consulting Firms
- Private Security Firms
Individual and Business Tax Preparation
Whether you are an individual or a business owner, effectively managing and filing your taxes is essential. With Master Accounting’s tax professionals, you can save time and enjoy peace of mind knowing that we’ve got you covered! Contact us today to learn more about our affordable tax services.