Carrboro Tax Preparation Services

tax preparation carrboro

Preparing a tax return is best done by those with intimate knowledge of the tax code. Without the proper knowledge, the process can be long and mistakes can be made. Even popular tax preparation software can make mistakes, miss deductions, and leave money on the table. Your money.

That is why the team at C.E. Thorn, CPA, PLLC offers tax preparation services for businesses in Carrboro. Let our expert staff prepare your business’s taxes, maximize your tax benefits, and give you peace of mind.

Our Certified Public Accountants work with each of our clients to help them achieve better financial stability and increase their revenue. When clients return to us year after year and we learn about their business, we’re able to offer even more individualized service. We become our clients’ trusted tax management resource and answer any financial questions they may have at tax time or throughout the year.

Here are some tax preparation items to help you for your next return.

Individual tax preparation checklist:

  • Roth IRA
  • Rollover to Roth IRA
  • Tax-deductible IRA
  • Child tax credit
  • Income shifting to children
  • Child care credit
  • Earned income credit
  • Lifetime gifts
  • Education savings accounts
  • Education expenses
  • Hope scholarship 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

Investor tax preparation checklist:

  • Tax-free municipal bonds
  • Long-term capital gains and dividends
  • Rental property
  • Tax-free exchange
  • Low-income housing credit
  • Small business stock rollover

Small businesses tax preparation checklist:

  • Home office deduction
  • Keogh plan
  • SIMPLE plan
  • SEP
  • 401(k) plan
  • First year expensing of business equipment
  • Bonus depreciation
  • Year-end bonuses
  • Bad debt write-off
  • Disabled access credit
  • Other business tax credits
  • Tax-free exchange

Don’t Leave Anything on the Table: Work with a Professional CPA

Our team offers all-inclusive financial services to hundreds of Carrboro small businesses and individuals each year. Let us handle the hassle of preparing your business’s taxes and ensure they’re prepared in the way that will benefit your business most. Failing to correctly file your taxes or making a mistake on your return can result in headaches down the road, or even a loss of money.

Say goodbye to tax-related headaches with our professional CPAs. Contact us today or give us a call at (919) 420-0092 to find out how we can provide tax filing assistance.

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