- Tax PlanningIndividuals benefit from the experience and expertise of our shareholders and professionals. We serve a substantial number of business owners, investors, executives and others, providing assistance with tax planning and a variety of other financial matters.
- Estate Taxes
- Tax ServicesWe believe a tax accountant must be more than a historian. A tax accountant must be a forward-thinking planner. Our comprehensive tax services begin with assisting you in meeting your filing requirements, but then we look beyond mere compliance to the overall tax strategy. We have found that our clients value this proactive, forward-looking approach.
- Income TaxIf scholarship or grant proceeds are used for any external purposes, the money is considered unearned income and subject to taxation. This includes money left over after all qualified education expenses have been paid. Of course, students can use this money for other purposes, such as to pay for room and board, utilities, groceries or meals eaten out. But they’ll have to pay tax on it when they file their income tax returns. It’s important to note that qualifying payments received through the Department of Veterans Affairs (including the GI Bill) generally aren’t taxable if used to pay for education or training. In addition, if a student receives payment for teaching, research or other services that are required as a condition of receiving the scholarship or grant, this money is generally considered taxable income. An exception is made, however, for services required by the National Health Service Corps Scholarship Program, the Armed Forces Health Professions Scholarship and Financial Assistance Program, and certain other programs.
- Accounting ServicesBusinesses need good financial information to make informed decisions. We understand that your business needs timely and reliable accounting in order to operate effectively. Our accounting services group offers a menu of services ranging from annual, quarterly or monthly financial statements to the posting of daily transactions.
- College FundingThe COVID-19 pandemic has affected families’ finances in many ways. One negative impact for some families has been a disruption in their well-laid college savings plans.
- Asset ProtectionWe specifically address the needs of individuals and families on a case by case basis, tailoring our service plan to the personal objectives of each client. By listening and understanding the individual’s financial goals, we can assist in meeting those objectives through income tax planning, gift and estate tax planning, asset protection, or various other related vehicles.