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Tax Preparation

WARNING: IRS Audits Rapidly Increasing…
How Confident Are You That Your Return is Accurate?
Could You be Missing Potential Deductions?

10 million taxpayers missed out on a chance to get a bigger refund last year simply because they neglected to fill out one line on their tax return. Will you miss a similar opportunity this year in your tax preparation?

Today’s tax laws are increasingly complicated and the rules for deductions and credits change year by year. Are you aware of all the deductions and credits that might be available to you for this year’s tax preparation, even on the most basic of tax returns? Perhaps you feel secure in your do-it-yourself tax preparation software, but let’s face it… There is no substitute for an experienced tax professional who can answer your questions and ask you the questions that might be key to saving you tax dollars.

With our tax preparation services you get:

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Assurance that your return has been checked and double-checked for mathematical accuracy and errors that are commonly flagged by the IRS, resulting in fewer chances for contact by the IRS.

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Tips for better managing your payroll withholding so that you can have the advantage of greater income all year long, rather than loaning that money to the government and waiting for it to come back in the form of your yearly tax return.

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A list of common deductions that may benefit you in the coming year, and tips for limiting your future tax liability.

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Electronic filing for a quicker refund.

Can End-Of-The-Year Giving Mean Tax Deductions For My Bloomfield Hills Business?

  Key Takeaways Your business can give back and receive tax benefits if the donation is correctly structured and documented. Charitable contributions to qualified 501(c)(3) organizations can be deductible, but how you claim the deduction depends on your business...

The Work Opportunity Tax Credit: Year-End Hiring Benefit for Bloomfield Hills Businesses

Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025.  You must submit IRS Form 8850 to your State Workforce Agency (SWA) within 28 days of the new employee’s start date. The credit can be worth up to $2,400 per eligible...

Why Cash Flow Management Is Important At Year-End in Your Bloomfield Hills Business

 Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow management is about accelerating what comes in and strategically optimizing (delaying) what goes out (legally, of...

What Year-End Moves Can Protect Bloomfield Hills Owners From Form W9 Mistakes?

Key TakeawaysKeep every contractor’s Form W9 on file before the first payment. If your contractor won’t give you a W9, be persistent. The IRS requires a three-step written request process. Use the IRS TIN Matching tool before filing your 1099s. It...

Changing Your Business Entity Means A Lower Tax Bill, Bloomfield Hills Owners

Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill?If you’re a Sole Proprietor or single-member LLC, you’re likely paying a hefty 15.3% Self-Employment (SE) tax on 100% of your profit. Electing S-Corp status could cut that tax bill by...

Smart Accounting For Bloomfield Hills Small Businesses in 2025

Quick Summary: What Smart Accounting For Small Businesses Looks Like In 2025Call your tax advisor before making financial moves to avoid missed deductions or costly surprises. You need modern, integrated tools to stay compliant (and audit-ready) in 2025. The...

Answers for Bloomfield Hills Business Owners: Can I Put Personal Money in My Business Account?

“With organization comes empowerment.” —Lynda Peterson Quick Answers: Can I Put Personal Money In My Business Account?If you put personal money into your business account, it must be recorded correctly (as an owner’s contribution, not business...

New 1099 NEC Threshold: How Do I Pay Bloomfield Hills Contractors?

“Simple can be harder than complex.” — Steve JobsQuick Summary: What’s Changing With The 2026 1099 NEC Threshold?Businesses will only need to issue a 1099-NEC if they pay an independent contractor $2,000 or more in a calendar year. The new rule begins for tax...

Who’s the Best Accountant to Help My Bloomfield Hills Business Grow?

"To profit from good advice requires more wisdom than to give it.” —Wilson Mizner Quick Answers: Who’s the Best Accountant to Help My Bloomfield Hills Business Grow? The “perfect” accountant doesn’t exist. But the right fit for your business growth...

How Will the OBBBA’s Excess Business Loss Limitations Impact Bloomfield Hills Business Owners?

"The essence of strategy is choosing what not to do.” -–Michael Porter Quick Answers: What Are the OBBBA’s Excess Business Loss Limitations?The OBBBA made the Excess Business Loss limitation permanent (previously set to expire in 2028). ​​For 2025, you can...

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