She has a Bachelor’s from Clark University and has been preparing taxes for 10 years. She participates in the Annual Filing Season Program each year with the IRS. Deborah is meticulous when it comes to managing our office and has an excellent rapport with clients.
Accounting by Elizabeth LLC
This letter was sent to taxpayers to help them reconcile and receive their 2021 Child Tax Credit (CTC). Families that received advance payments must file a 2021 tax return and compare the advance payments https://turbo-tax.org/ received in 2021 with the CTC amount they can claim. Eligible families who didn’t receive advance CTC payments can claim the full amount of the child tax credit on their 2021 federal return.
Maryland Tax Service, Inc.
Depending on employment status and payments, different situations require attention to reporting this year. Grants must be reported correctly for the purposes of income taxes. With over 50 years of combined experience in tax preparation, we are confident in the extent of our knowledge and expertise.
Montgomery County Small Business Presence Among Highest in Pennsylvania
The Development Impact Tax funds (in part) improvements necessary to support increased transportation and education capacity created by development . Modern practitioners bring deep tax experience and advanced technologies to smooth the processes for timely and accurate compliance. Free ITIN services also available for VITA clients through our Certified ITIN Accepting Agent.
- Montgomery County’s Department of Finance administers taxes that certain types of businesses must pay.
- Hale Accounting Services, Inc. has a range of financial knowledge and tax expertise that spans more than 50 years.
- It has been reported that a small mistake on reporting financial assistance, such as Economic Impact Payment #3 or Advanced Child Tax Credit Payments, can cause up to six months of delays.
- Paycheck Protection Program loans (PPP 1 & 2) that have been forgiven must be included in the transmission of tax returns, but be aware of the specific rules and forms needed for accurate reporting.
- As no two estates or trusts are the same, preparation fees depend on complexity and other factors.
Montgomery County’s Department of Finance administers taxes that certain types of businesses must pay. Check the description column to see if a tax applies to your business. We offer online bill pay through Unipay for Excise, Personal Property and Real Estate taxes. Then they looked at how the total amount of small business income compared to the overall amount of income reported in each region.
She’s married with two adult daughters, and her hobbies include knitting, dancing and reading. Hale Accounting Services, Inc. has a range of financial knowledge and tax expertise that spans more than 50 years. Our goal is to provide quality service to help you achieve your business goals.
Hale Accounting Services offer convenient tax preparation services to dozens of satisfied new and repeat clients each year. Hale Accounting Services even assist our out-of-state clients through email or snail mail. She is diligent when it comes to managing our marketing, and social media platforms, and preparing her client’s tax returns.
McGrath Tax and Accounting PC is a Montgomery County Pennsylvania based Certified Public Accounting firm. We serve a wide variety of clients and industries in Southeastern Pennsylvania including; Philadelphia and Bucks, Chester, Delaware, and Montgomery counties. We specialize in business formation, individual and small business tax preparation, accounting and payroll. Paycheck Protection Program loans (PPP 1 & 2) that have been forgiven must be included in the transmission of tax returns, but be aware of the specific rules and forms needed for accurate reporting. It’s also important to note that that loan forgiveness does NOT construe income, so it should not be added to your gross income total. This is yet another reason to work with a tax professional—incorrect reporting of PPP 1 & 2 as income could have costly consequences.
If we make a mistake on your tax return, we will cover 100% of the interest and penalties that are a result of our mistake. This includes a refund of fees paid and/or a discount on future services. At McGrath Tax and Accounting PC, you can count on your CPA (Certified Public Accountant) to provide you with the expertise and peace of mind. We’ve had years of experience working with many individuals and small businesses to assist them with all of their tax planning and preparation needs.
Our tax preparation services include all Schedules, Forms, and states necessary to properly file your tax return. The analysts at SmartAsset compared the number of tax returns that report small business income and compared that to the total tax-filing population of the region. The following information is provided to help you get started – be sure to consult with an attorney and a certified public accountant to ensure you are meeting all of your tax obligations. Did you know that nearly half of all American taxpayers are overpaying the IRS?
You might be one who is repeating the same mistakes or overlooking deductions year after year. Hale Accounting Services’ tax professionals will thoroughly examine your tax situation to get every deduction, credit, and tax advantage possible. It’s our pledge to provide quality tax preparation that we stand behind. For service in Willow Grove during the regular tax preparation season (January through April 15th), please call 211 for an appointment. Business owners can face numerous and often complex tax issues and responsibilities. Businesses are required to fulfill tax obligations include withholding, paying and reporting taxes.
This free service is offered on location to taxpayers with incomes up to $56,000. However, other restrictions may also apply as certain types of income “out of scope” for VITA services. Income taxes can play a determining role in the financial success of a small business, so SmartAsset also compared income small buisness tax preparation montgomery county tax burdens across the counties. We utilize secure cloud portals, e-signature software, Zoom video conferences, and best-of-breed tax software to tackle the most challenging tax issues. And, if we prepared your taxes and the IRS audits you, we will accompany you to the audit to help answer questions.
Each tax situation is different, so you should always consult with a professional about your specific returns. Her genuine personality and sense of humor puts each client at ease. Arlene is originally from Long Island, NY and moved to the DC Metro area in 1980. Arlene has been preparing taxes since 1986, and started her own business in 2002.
They then calculated the change in these variables over a 5-year period. We abide by all IRS and CPA professional standards for tax work, personalizing your results with a summary report upon completion. Hale Accounting Services, Inc. is cost-effective and time-efficient, offering personal service catered to your needs.
As no two estates or trusts are the same, preparation fees depend on complexity and other factors. To see how other Pennsylvania counties including neighboring Bucks, Berks, and Philadelphia counties ranked, visit SmartAsset. Montgomery County ranked second among Pennsylvania counties that have the greatest small business presence, according to SmartAsset. No one knows your small business better than you and no two small businesses are exactly the same. To schedule an appointment at any MCABC site, please call 211.
We develop an understanding of your needs that helps simplify your accounting and tax process. Ben Lubing is with you through the entire process regardless of your business or individual challenges. Other Tax Items to Keep in MindIf you incurred any of the following items in 2021, be sure to include them in your tax preparation. Contact us today to schedule a consultation to discuss the tax preparation requirements for you or your business. Whether you are just starting a new business, looking for a more reliable and affordable tax service, we have the knowledge and experience to help you do what you do best – focus on your business.
