Tax Preparation for Fuquay Varina Businesses

We know your goal regarding your state and federal business taxes is to ensure you are reducing your amount owed while ensuring ethical, accurate reporting. In order to achieve those goals, it’s essential to have a thorough knowledge of the tax code and the experience to apply specific codes to your unique situations. Even with popular tax software, it’s easy to make mistakes and lose money when you prepare your own taxes.

Experienced Tax Preparation for Fuquay-Varina Businesses

At C.E. Thorn, CPA, PLLC, we offer comprehensive tax preparation and small business accounting services to businesses and organizations in and around Fuquay-Varina. Led by Carson Thorn, our experienced team of CPAs can help you maximize your benefits and reduce your burden while giving you the opportunity to save time and reduce your stress. We offer customized solutions that not only involve preparing your taxes, we also walk you through the process to answer any questions and explain any concerns you might have. 

Small Business Tax Preparation Checklist

To help you with your return and minimize your owed amount, it’s important to have as much documentation as possible regarding these deductions:

  • Home office deductionFuquay varina tax preparation for small businesses
  • 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

Individual Tax Preparation Services

If you have a sole proprietorship, or simply want to turn over all your tax preparation needs to an experienced accountant, we also provide individual tax services in Fuquay-Varina. We can look at your income from your small business and maximize your personal deductions and help you get the largest return possible. 

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
  • Wisest 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

Contact Us to For Tax Preparation Services in Fuquay-Varina

We’ve served businesses and individuals for over 25 years, providing comprehensive tax preparation and accounting services. We take pride in helping hundreds of clients each year maximize their deductions and leverage tax breaks. To learn more about our services, give us a call at 919-420-0092 or fill out our contact form today!

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