Garner Tax Preparation Services

tax preparation garnerTax preparation for your small business can be a daunting task. The amount of information you’re working with can be overwhelming and can easily lead to mistakes if you are unprepared. Unless you prepare multiple tax returns each year, you could be losing many of the benefits and credits the law allows.

Working with a seasoned tax accountant in Garner is the best way to ensure you maximize your income and reduce your tax burden. With over three decades of experience, C.E. Thorn, CPA, PLLC handle hundreds of tax returns each year for small businesses in Garner and know what to look for in order to better serve our clients.

You can feel confident that your tax preparation will be comprehensive and accurate, and we will do everything possible to reduce your tax burden and minimize any payments you may need to make.

Tax Preparation Checklist

There are no personal benefits to paying more taxes than you should. Whether you are an employee, business or an investor, you should take full advantage of the benefits the law provides.

Since, you may not be fully aware of deductions and credits available to you, we have listed 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

Contact Us for Tax Preparation Services in Garner

By working with the right Garner accounting professional, you can help to ensure the highest return on your income. At C.E. Thorn, CPA, PLLC., our professional accounting team has provided expert service to the Triangle for over three decades.

Call us today at 919-420-0092 or fill out our contact form to schedule a consultation!