Tax Prep + Planning
While a computer software program may help find deductions, there’s no substitute for the quality of service and advice you’ll receive from an experienced tax professional.
Here are a few of the benefits you’ll reap when using our service:
- We’ll prepare all of the appropriate forms and record all figures and calculations accurately.
- We’ll make sure that you receive all of the deductions and credits to which you are entitled.
- We’ll file your return electronically to speed delivery of refunds.
- We’ll work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less.
- We’ll show you how to adjust your finances to take advantage of tax benefits on future returns.
Are you a sole proprietor? Have you been so focused on your business that you haven’t paid close attention to your books? No worries! We'll tidy things up and prepare your Schedule C as part of your personal income tax return. Then we'll help you set up an easy system to keep your books current going forward.
Strategies
- Splitting income among several family members or legal entities to take advantage of lower income tax brackets
- Shifting income or expenses from one year to another when it can yield a lower tax rate
- Deferring or eliminating tax liability through use of tax-advantaged investment vehicles
- Tracking all expenses eligible for itemized deduction
- Taking advantage of tax credits
- Adjustment of payroll withholding
FAQ Disclaimer
The information provided in these FAQs is general in nature and should not be considered tax, legal, or financial advice for your specific situation. Every client's circumstances are different. Please contact Deana M. Arnold, CPA through the website so we can review your individual needs and provide guidance tailored to you.
What individual tax services do you provide?
We assist individuals with tax preparation, tax planning, amended returns, estimated tax guidance, and IRS notice assistance. We help clients understand their tax situation and stay compliant while planning ahead whenever possible.
Can you help me if I received a notice from the IRS or state taxing authority?
Yes. If you receive a tax notice, we can help review it, explain what it means, and determine the appropriate next steps. Notices should not be ignored, even if you believe they were sent in error.
Do you prepare amended tax returns?
Yes. If a prior return needs to be corrected or updated, we can help determine whether an amended return is appropriate and assist with the filing process.
Can you help me with estimated tax payments?
Yes. We can help you evaluate whether estimated tax payments may be needed and assist with planning so you are better prepared throughout the year.
Do you help with tax planning, or only tax preparation?
We provide both tax preparation and tax planning. Tax preparation looks back at what already happened, while tax planning helps you make informed decisions before year-end.
What documents should I provide for my personal tax return?
Common items include W-2s, 1099s, mortgage interest statements, charitable donation records, investment statements, business or rental activity records if applicable, and any IRS or state notices received. The exact documents needed depend on your individual situation.
Can you help if I am self-employed or have a side business?
Yes. We work with self-employed individuals and Schedule C businesses. We can help with tax preparation, estimated taxes, bookkeeping considerations, deductions, and planning for future growth.
"Deana is a life saver! She was able to sort out my company's taxes on extremely short notice, preventing us from incurring major fees. She is knowledgeable and responsive even in the midst of tax season. I couldn't recommend anyone more."
Ready to get started?
We would love to learn more about you and how we can help. Please click the link below to complete our secure new client questionnaire through TaxDome. Once submitted, our team will review your information and follow up with the next steps.
Deana M. Arnold CPA PLLC builds strategies, systems, and structures to help clients maintain accurate records, meet current financial obligations, comply with tax reporting requirements, plan for the future, and maximize wealth accumulation. Deana M. Arnold CPA PLLC is located in Littleton, CO.