Nearly everyone that makes money in America has to pay their taxes. In additional to Federal income tax, depending on your locale, you may have to pay income tax in your state or city. The compliance with these levies is required by law, and failure to comply can result in penalties, interest, fines, or even criminal charges. As a CPA firm, one of our most common engagements is helping our clients stay in compliance with their taxes.
From IRS code and form changes, or revenue departments announcing changes, we’re all impacted by government revenue requirements. Ben Franklin reminded us that “the only guarantees in life are death and taxes” and while we can’t prevent either, we can help you minimize your taxes while you are alive (and with proper estate planning, when you are dead as well).
As a CPA firm, we are very familiar with helping our clients remain in compliance, but we also provide numerous resources for free on our website, social media, and mailing list. These resources include our extreme popular Tax Form Howto Series, both on our website and on Youtube. If you like these free resources, please give them a thumbs up and subscribe to our channel.
Keeping good records, following the events in national and state governments, and keeping in contact with your financial advisors can help you minimize your tax obligations. By arranging your affairs properly, you may minimize the impact of these financial obligations, and we help our clients manage their financial affairs to maximize their personal and family wealth.