TA TAX & ACCOUNTING

We are here to solve your tax problems. We make them go away and give you a fresh start. With our expertise you can be confident that your tax problem will be solved. We will negotiate with the IRS to settle your tax debt by doing an Offer in Compromise, Penalty Abatement, Tax lien & levy release if you have one, Innocent Spouse Relief, & Tax Audit Representation. Once Your problem is Solved we can then give you tax planning help

Accounting services involve the following tasks:

1. Financial statement preparation: We prepare financial statements, including balance sheets, income statements, and cash flow statements, to provide an overview of a company's financial position and performance.

2. General ledger maintenance: We maintain and update the general ledger, which is a record of all financial transactions of a business, including sales, expenses, assets, and liabilities.

3. Accounts payable and receivable management: We manage accounts payable, ensuring that bills and invoices are paid accurately and on time. We also manage accounts receivable, which involves tracking and collecting payments from customers.

4. Payroll processing: We handle payroll processing, including calculating employee wages, deductions, and taxes, and ensuring compliance with payroll regulations.

5. Tax preparation and compliance: We prepare and file tax returns for businesses and individuals, ensuring compliance with tax laws and maximizing tax deductions and credits.

Bookkeeping services involve the following tasks:

1. Recording financial transactions: record day-to-day financial transactions, such as sales, purchases, receipts, and payments, in the general ledger.

2. Bank reconciliation: reconcile bank statements with the company's financial records to ensure accuracy and identify any discrepancies.

3. Accounts payable and receivable management: track and manage accounts payable and receivable, including invoicing customers, processing payments, and managing vendor bills.

4. Financial data entry: enter financial data into accounting software or spreadsheets, ensuring that all transactions and information are accurately recorded.

5. Financial reporting: generate financial reports, such as income statements, balance sheets, and cash flow statements, to provide an overview of the company's financial performance.

Both accounting and bookkeeping services are essential for businesses to maintain accurate financial records, comply with financial regulations, and make informed financial decisions.

We will prepare and file all necessary paperwork for Federal and State after defining legal structure of the business.

We will research and apply for grants for your business or non-profit

Estate planning involves making important decisions about how your assets will be managed and distributed after your death. It includes various legal tools and documents, such as wills and trusts, to ensure that your wishes are carried out and your loved ones are taken care of.

1. Wills: A will is a legal document that outlines how you want your assets to be distributed after your death. It allows you to name beneficiaries who will inherit your property, appoint an executor to manage your estate, and designate guardians for minor children. A will can also include provisions for funeral arrangements and the handling of debts and taxes.

2. Trusts: A trust is a legal arrangement where a trustee holds and manages assets on behalf of beneficiaries. There are different types of trusts, including revocable living trusts and irrevocable trusts. Trusts can be used to avoid probate, provide for the management of assets during incapacity, and control the distribution of assets over time. They can also offer privacy and potentially reduce estate taxes.

3. Power of Attorney: A power of attorney is a legal document that grants someone else (the agent or attorney-in-fact) the authority to act on your behalf in financial and legal matters. This document is important for estate planning as it allows someone you trust to make decisions for you if you become incapacitated or unable to handle your affairs.

4. Advance Healthcare Directive: An advance healthcare directive, also known as a living will or healthcare power of attorney, allows you to specify your wishes regarding medical treatment and appoint a healthcare proxy to make medical decisions on your behalf if you are unable to do so. This document ensures that your healthcare preferences are known and followed.

Estate planning is crucial to ensure that your assets are distributed according to your wishes, minimize potential conflicts among family members, and provide for the financial security of your loved ones. It is recommended to consult with an estate planning attorney who can guide you through the process and help you create a plan that best suits your individual circumstances.