Tax Consulting
Kimberly A. Rozier, CPA, PC is your local expert firm regarding tax accounting, accounting laws, and so forth. If you require any sort of tax consulting, we are proficient in this field. Today’s tax laws are so complicated that unless your financial affairs are extremely simple, chances are you will benefit from at least occasional help from a tax professional. It is too easy to overlook deductions and credits to which you are entitled if you prepare only one return a year. Even the use of computer software is no substitute for the assistance of a seasoned tax preparer.
We prepare hundreds of tax returns every year. We know what to look for when your return is prepared. More importantly, you will have someone to answer your questions during the rest of the year. And we can put you on our mailing list to receive timely tax, business, and financial advice. In the event that you need any manner of tax consulting, by all means, contact Rozier.
Your Tax-Cutting Checklist
Whether you’re a wage earner, an investor, a business owner, or all three, you should use the tax-cutting benefits available in the tax law. There is little to be gained by paying more tax than the law demands.
Identify the tax-savers for which you qualify. Here’s a tax-cutting checklist to get you started. Check the list to see if there are tax breaks that you are overlooking.
For Individuals:
- Roth IRA
- Roth 401(k) if employer’s plan permits
- Rollover to Roth IRA
- Tax-deductible IRA
- Child tax credit
- Child care credit
- Earned income credit
- Annual gifts to reduce estate
- Education savings accounts
- Education expenses
- American opportunity tax credit
- Lifetime learning credit
- Bunching deductions
- Flexible spending accounts
- Health savings account
- Donating appreciated assets instead of cash
- Qualifying property for personal residence gain exclusion
- Best filing status
- Shifting income or deductions from year to year
- Adoption expense credit