There are many tax-preparation firms out there and even software programs that allow you to prepare returns yourself. What those services are lacking is a thorough understanding of the current tax laws, how they interplay, how your business is affected by them, and even how to properly report your income and expense items. All of Bucknam & Conley CPAs’ tax work, from research to tax returns, to negotiating with the IRS when needed, is performed by highly qualified CPAs and this makes all the difference. We are continually monitoring tax changes, investing in the best education for our CPAs, and addressing how changes impact our clients proactively.
We work with businesses of all sizes in many sectors all over the country. Our clients operate as LLCs, S Corporations, and C Corporations. They are real estate investors, restaurant owners, veterinary offices, professional practices, private equity, and in a variety of other industries. The common factor among them is their successful enterprises lead to tax complexities and they want a tax expert preparing their returns – that’s why they come to us.
Like our business clients, our individual clients have a lot going on whether it be business(es) ownership, private equity investments, or rental properties. They need to determine if an activity is passive or nonpassive. They need to make sure they only deduct the losses that are allowable. They need to determine if they qualify as a real estate investor. This is what we deal with daily. We don’t just prepare tax returns, we prepare them accurately and optimally because we make it our job to know the rules and laws affecting our clients.
States are cracking down; they all want their piece of tax income and recent court cases have paved the way to be more aggressive in imposing income taxes on businesses that simply have customers in their state. Each state has its own rules and tax rates. If a state tax authority determines (rightly or wrongly) you are operating in its state, it has the ability to come after you for back taxes PLUS penalties and interest. If you are operating in multiple states or providing services to a client in another state, you need to determine if you have tax exposure there. We have a lot of clients in this situation and know how to analyze the different states’ laws to avoid unnecessary penalties and additional taxes and to assure timely filing.
What Our Clients Are Saying
“Melinda has been the accountant for my company for almost 15 years. Her guidance and support has helped me manage my business successfully during a variety of challenges. Melinda is exceptional in her skill as a CPA but beyond that she is patient, kind and responsive when I need it most.”
ECS Psychological Services, P.C. and co-founder of Therapeutic Horses of Saratoga, Inc.