Tax Return Preparation Services
We know that preparing your tax return each year can be complicated and confusing! We strive to provide a pleasant and stress-free experience by offering virtual tax preparation services for the following tax returns, including state tax returns:
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Individual (including Schedule C profit and loss for small businesses)
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Corporate and S-Corporations
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Partnerships
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Estate, gift and trusts
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Nonprofit organizations
Business Clients
For our business clients, we also provide a preliminary review of your financial statements to ensure proper tax return filing. If we have questions or need clarification of income and expenses, we will contact you prior to preparing your tax return.
If you are interested in how our Virtual Income Tax Return Process works, please click here.
Tax Planning Services
Proactive tax planning is essential to reducing your income tax owed to the IRS and state tax agencies!
We can help by reviewing your income throughout the year including wages, interest and dividends, capital asset sales (I.e. stock, bonds, investment property, etc.), retirement account contributions or distributions, tax payments and withholdings, etc. to determine an estimated income tax for the year and whether you need to increase withholdings, make estimated tax payments, and/or other changes to reduce the potential for underpayment penalties and interest.
Here are a few ways to help get a head start on your 2024 tax return:
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Review your paycheck withholdings and make adjustments to your W-4 if needed
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Defer earnings by contributing to your employer's 401(k), traditional and Roth IRA's, SEP plan for small businesses, etc.
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Withdraw funds from taxable IRA or savings accounts first and leave Roth IRA account withdrawals for last.
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If you have capital gains, it may be a good time to sell investments that are continually losing value to offset the capital gains.
Give us a call today to schedule an appointment to review your tax situation. We can also refer you to reputable investment advisors that can help maximize your retirement and/or reduce taxes!
Please e-mail or call us today!
Duncan & Company, LLC
(303) 386-5200 | Email us at: info@duncancocpa.com
