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.


   

  Financial and Cash Flow Management Consultations

     

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.

  Estate Tax Preparation

     

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.


  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.


   

  Tax Return Preparation

     

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.

  Back Tax Returns

     

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.

  Good Corporate Citizen

     

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.

  IRS Representation

     

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.

  IRS Audit Representation

     

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.

  IRS Liens and Levies

     

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.

  IRS Wage Garnishment

     

When processing payroll, if a wage garnishment has been issued, we manage the payment to the appropriate authority.

  Loan Assistance

     

We assist businesses and individuals to obtain financing with institutions we have relationships with, thus increasing your chances of getting the loan you need.

  Budgeting

     

In order to maximize cash flow we work with you to establish a budget for both income and expenses.

  Bankruptcy

     

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.

  Payroll

     

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.

  Changing Firms

     

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.


  Additional Services


   

  Changing firms

     

Can be complex without the proper support. Typically we work directly with your previous firm to simplify the turnover process, thus requiring little to no time from you as the business owner - leaving you to carry on with business as usual.

  Coming Soon - Client online access to their financial statements 24/7

     

Coming Soon.

  Financial Software Consultation and Conversion

     

We will convert financial data to QuickBooks if it is in another format, and train you in using this financial software.

  Financial and Operational Policy and Procedure Documentation

     

We will prepare financial and operational policy and procedure documentation, taking the administrative duties so you can grow your business, while we maximize your efficiency.


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



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Sterling's does not employ Certified Financial Planners and does not offer financial planning advice, other than how it relates to individual tax situations.

IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.