Cary Tax Preparation & Small Business CPA Services

Unless you complete multiple tax returns each year, your chances of maximizing your revenue will be greatly reduced. Often, simple deductions and credits can be left on the table, minimizing your business’s potential. That is where we come in. At C.E. Thorn, CPA, PLLC, we know the complicated tax laws and we can help you recover your lost potential.

tax preparation caryWe have been offering Cary area businesses our professional tax services for over two decades. Our team of professionals offer valuable services you can not receive on your own. Our Cary tax professionals know what to look for on your returns allowing you to focus on growing your business. By having our team at your service throughout the year, you can be sure to have the answers for any financial related questions you may have.

Although you are required to pay taxes, there is no point paying more than you should. We can help you with your individual, business, and investment taxes to help you reap the benefits of the tax law.

Finding Tax Breaks

We have compiled a list of possible tax advantages you may be overlooking.

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

Make Sure You Get Qualified Tax Preparation

Don’t lose out on potential tax breaks and benefits. By working with tax professionals like our Cary CPA’s, you can be sure to receive all the return on your taxes that you are due to receive.

Our Cary accounting firm is available for consultation to help you with all your tax preparation. Contact us to find out how we can help you with your tax strategy.

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