Changing tax law revisions have to be incorporqated to your return. By April 15th the year after it is too late to make changes. Prepare your year, and at tax time relax...we are a Certified Public Accounting Firm and we can help you plan your income and expenses and take out the mystery of new tax laws. Our proactive programs optimize your tax returns so that you pay no more tax than you need to...
Get advice ....CPA Tax Counselors can help!
Because tax laws change, you may not be aware of new opportunities that could make the difference between a refund and a liability. Our Gold Standard commitment to our clients is based on the highest of professional standards.
We are proactive and in constant communication with our clients. This is key to providing the best tax and financial consulting service. Managing any business is really about managing the relationships. We strive to anticipate your needs and exceed your expectations. We always have our Clients best interest in mind and work with them to help them achieve their goals."
We have the CPA experience to help you navigate the 2017 / 2018 changes from the “Tax Cuts and Jobs Act” of 2017, enacted December 2017.
Take advantage of 2018 tax opportunities by having 2017 your taxes prepared now. Because no “one size fits all” approach works with complicated new rules, you need a unique analysis early. Most of the changes are NOT permanent, so make use before they phase out.
Are you a business owner? If you make less than $315,000 married filing jointly, you will potentially get a 20% deduction against your net business income. If you make more than that, or are a personal service business, careful analysis is needed. The deduction requires expertise to understand and apply. So, while C Corps have 21% tax rates, a dividend tax still applies. Pass-through entities generally retain a 10% rate advantage due to the new lower personal tax rates.
Here are a few tax planning strategies that might make sense depending on your circumstances.
Give charitable contributions double one year and none the next.
Start a business to pay business expenses. Individual miscellaneous 2% deductions disappear in 2018.
Travel with meals now need detailed records since meals and entertainment deduction disappears.
A full-service CPA firm striving to earn your business and trust, we are relationship based and pride ourselves on knowing how to get the top benefit for our clients. We assist with:
Tax strategy optimization / Income, sales, franchise, property, and payroll taxes / Multi state / Trusts and estates / Business valuation / Business startup / Entity structure / Succession plans / IT / Employment and labor / Employee benefits / Budgeting / Records maintenance / Consulting
Email us with ANY questions, ideas, issues, or concerns you have. Know that we can guide you through the recent changes with your best interest in mind. We will proactively fight for your proper deductions. Let us be your trusted partner and competitive advantage.
Taxation Services offered include:
1 Strategic Tax Planning - A proactive approach, planning ahead to evaluating current operations and finances in order to structure an overall longer term tax minimization plan.
Tax planning is an important part of solid financial planning for anyone, especially for investors and business owners.
2 Transaction Structuring - A detailed evaluation of anticipated transactions to provide recommendations on tax efficient alternatives. Before you need us to solve a problem , we work with you throughout the year to reduce your tax liability and prevent issues that could arise during filing time.
3 Financial Consulting & Planning - assessing the wider long term plans, services include general business planning, retirement planning, education & goal funding, budgeting, estate plan consulting and more.
4 Tax Return Preparation - Includes preparation of corporation, partnership & LLC, individual, ficuciary, and other business tax returns. We will prepare your tax return with the latest tax code changes. For all your Tax Return preparation needs from Individual to Corporate Returns, as well as, Not For Profit, Fiduciary and Estate Returns.
5 Tax Audit Representation - If questions arise service tax representation before the IRS or state taxing authorities. Includes responding to tax inquiries and other tax notices. If you've already filed your return and you receive an IRS Notice we can act on your behalf. From Notices to tax liens, we can find the best solution to your IRS problem.
Experience means covering the basicsThe original firm was established as Bruce Scambler & Associates in 1997, as a Certified Public Accounting firm located in Oklahoma City. The firm has steadily grown to include other associate CPAs, and other professionals, with three support staff. The Firm has been able to grow its client base because of the long term commitment to the Client’s accounting needs, providing quality services, innovative planning, and creative problem resolution. Our goal is to maximize our clients’ profitability, thereby increasing prosperity, affluence, and wealth. Being creative means being inquisitive and asking flexible questions like “what if we did . . . ?” For our thoroughness, it means navigating the complex channels of tax forms to provide our clients the most benefit. It means being more concerned with the future than the past. It means a willingness to be a financial partner offering trusted advice to protect, maintain, and build your financial advantage.
Let us lighten your loadWe can help! We can customize a package for your specific needs. We can prepare or assist in the preparation of financial statements, payroll reports, journals, general ledgers, and other reports, all at a fraction of the cost needed to maintain a full staff. We proactively look beyond the numbers, anticipating and avoiding problems, determining their affect on you and your family.
Shifting gearsTake time to plan, we have the experience and are not so large that our clients get lost in the rush. We are able to take the time to get to know our clients as people; to know their dreams and plans for the future. It is these relationships that are so mutually satisfying; to know that our staff has really made a difference for our clients. Let us design accounting systems that will help your business function more efficiently. One that will free up your time and resources for what you do best. Give your business the best investment opportunity it has...you!