Individual Tax Services
Maximizing Your After Tax Income
With new, and often hidden, taxes and fees being buried in major legislation at every turn
-- filing personal income tax effectively is becoming more complex by the minute, especially
if you have more than one house and two cars to take into account.
The age old question - what is the best way to take advantage of the tax laws to maximize my after tax earnings?
Sterling’s Bookkeeping & Tax Service can assist you with your financial consulting, tax planning, and tax filing -- to help you avoid paying more taxes than required, giving you extra spending money.
Services we offer Individuals
Consulting: We review your current financial and operations to determine how you can maximize your after
tax earnings. This review is conducted periodically as you or your business changes.
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Financial and Cash Flow Management Consultations
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Your personal advisor will make recommendations for maximizing
after tax income including; minimizing taxes, taking advantage of tax breaks, tax deductions and tax credits,
asset purchases, operational practices etc., thus improving operating costs and enhancing the bottom line.
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Estate Tax Preparation
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We will give you the questions to ask your attorney setting up your estate, and work with your attorney to provide information about your assets. This service will help minimize your fees, while ensuring the development of your estate tax plan is right for you.
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Taxes We provide full service tax planning and compliance. We are open 52 weeks a year to work
with you to maximize your after tax income. We also subscribe to IRS E-services which allows us direct access
to IRS databases and clients records so that you don’t spend hours on the phone with the IRS trying to obtain
information.
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Tax Return Preparation
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Individual, Fiduciary, Estate, Trust, partnership, and corporate returns are prepared by a CPA or EA (Enrolled Agent). We can prepare all federal, state, and local tax returns no matter how complex your financial needs.
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Back Tax Returns
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We can work with you to catch up on past due tax returns, and work with the IRS to
ensure all returns are accurate and complete. Not sure you have all your records or don’t know what the IRS has,
we can obtain that information directly from the IRS - saving you time and money.
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Good Corporate Citizen
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Sterling’s Bookkeeping & Tax Service is a supporting sustainability with the introduction of our Going Green services– All tax returns are prepared electronically, reducing paper waste, while decreasing submission and return times. With e-filing, most of our clients receive their tax refunds within two weeks.
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IRS Representation
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Because we are enrolled in IRS E-services and are authorized under Circular 230 to practice before the IRS, we have a number of services that will save you time, money and ensure accuracy. We have worked with many clients so we know what the IRS will accept and what programs will work. This enables us to negotiate a favorable payment plan or settlement for you that will result in lower taxes.
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IRS Audit Representation
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We represent tax clients when audits have been scheduled. We will answer all
questions and explain deductions. With the proper power of attorney; we will deal with the IRS and you won’t have to.
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IRS Liens and Levies
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If a lien or levy is initiated, we try to resolve the dispute with the IRS to
remove the lien or come to a settlement.
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IRS Wage Garnishment
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When processing payroll, if a wage garnishment has been issued, we manage the payment
to the appropriate authority.
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Loan Assistance
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We assist businesses and individuals to obtain financing with institutions we have
relationships with, thus increasing your chances of getting the loan you need.
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Budgeting
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In order to maximize cash flow we work with you to establish a budget for both income and expenses.
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Bankruptcy
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Bankruptcy is very difficult. In order to minimize our clients pain, we take over the burden of filing past tax returns, while coordinating with an attorney to forward all relevant documents and information to the appropriate parties.
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Payroll
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Process payroll for your company on your pay dates (by direct deposit or check), and electronically pay the payroll taxes and e-file payroll tax returns. Additionally, Sterling’s Bookkeeping and Tax Service calculates payroll for clients that pay themselves and offer advice to maximize after tax income.
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Changing Firms
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Can be complex without the proper support. Typically we work directly with your previous firm for an easy turnover. This requires little to no time from you as the business owner, leaving you to carry on with business as usual.
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Additional Services
Please click here to e-mail us for a free consultation or call Gilbert Castillo at 214.330.4682 ext 12
Maximizing After Tax Income