The IRS has placed special emphasis on the importance of filing tax returns completely, accurately, and precisely. It has been reported that a small mistake on reporting financial assistance, such as Economic Impact Payment #3 or Advanced Child Tax Credit Payments, can cause up to six months of delays. Every tax situation is unique, so you may want to work with a CPA or tax preparation firm to ensure you file correctly.

  1. Businesses are required to fulfill tax obligations include withholding, paying and reporting taxes.
  2. Ben Lubing is with you through the entire process regardless of your business or individual challenges.
  3. They then calculated the change in these variables over a 5-year period.


She’s married with two adult daughters, and her hobbies include knitting, dancing and reading. Hale Accounting Services, Inc. has a range of financial knowledge and tax expertise that spans more than 50 years. Our goal is to provide quality service to help you achieve your business goals.

The Truth Tax Company and Financial Services

Your small business deserves the same level of accounting expertise that large businesses receive. Your company’s financial performance is the key to your personal financial future. Focus on your financial future by letting us focus on your company’s accounting and financial reporting.

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For example, a common mistake for some taxpayers is to include a personal residence mortgage payment as a deductible expense for the business. Moreover, some specific grants may be free of fiscal obligation at a State level. All businesses except partnerships must file an annual income tax return with the Federal government. It is important to check with an attorney and a certified public accountant to make sure you understand all of your firm’s potential tax credits and liabilities.

If we made an error in the preparation of your return that results in an additional cost of interest or penalty, we will pay that interest and penalty. Our Small Business Services range from business startup consulting and entity selection, bookkeeping and payroll recommendations, tax planning and preparation, and more. We can guide you as you start your business, help you stay organized, and make sure you use the tax code to your advantage. In her previous life, she worked as a nurse and for a non-profit.

Some of the services that McGrath Tax and Accounting PC provide for you each month include reconciling your bank account, generate an income statement and balance sheet, just to name a few. The Montgomery County Business Center team is part of the Office of the County Executive and is focused on helping businesses start and grow in Montgomery County, Maryland. Our website is filled with information on starting, growing, and managing a business in Montgomery County including comprehensive, step-by-step guides with links to helpful resources. We help small businesses with all their tax preparation needs. We provide current with clients up to 45 minutes of tax planning throughout the year at no charge. At Ben Lubing CPA, we excel at delivering a better customer experience.

As no two estates or trusts are the same, preparation fees depend on complexity and other factors. To see how other Pennsylvania counties including neighboring Bucks, Berks, and Philadelphia counties ranked, visit SmartAsset. Montgomery County ranked second among small buisness tax preparation montgomery county Pennsylvania counties that have the greatest small business presence, according to SmartAsset. No one knows your small business better than you and no two small businesses are exactly the same. To schedule an appointment at any MCABC site, please call 211.

They then calculated the change in these variables over a 5-year period. We abide by all IRS and CPA professional standards for tax work, personalizing your results with a summary report upon completion. Hale Accounting Services, Inc. is cost-effective and time-efficient, offering personal service catered to your needs.

We develop an understanding of your needs that helps simplify your accounting and tax process. Ben Lubing is with you through the entire process regardless of your business or individual challenges. Other Tax Items to Keep in MindIf you incurred any of the following items in 2021, be sure to include them in your tax preparation. Contact us today to schedule a consultation to discuss the tax preparation requirements for you or your business. Whether you are just starting a new business, looking for a more reliable and affordable tax service, we have the knowledge and experience to help you do what you do best – focus on your business.

This letter was sent to taxpayers to help them reconcile and receive their 2021 Child Tax Credit (CTC). Families that received advance payments must file a 2021 tax return and compare the advance payments received in 2021 with the CTC amount they can claim. Eligible families who didn’t receive advance CTC payments can claim the full amount of the child tax credit on their 2021 federal return.

CADCOM has been providing totally free VITA services for over 10 years and has returned hundreds of thousands of dollars in refunds to our clients. We charge a flat rate of $50 for return preparation for  dependent children in school (high school or college) or for family members that qualify under the IRS rules for an “Other Dependent”. Tax set by the Montgomery County Council and assessed on new residential and commercial buildings and additions to commercial buildings in the county.

Depending on employment status and payments, different situations require attention to reporting this year. Grants must be reported correctly for the purposes of income taxes. With over 50 years of combined experience in tax preparation, we are confident in the extent of our knowledge and expertise.

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