Individual Tax Preparation & Tax Advisory Services

Individual Tax Preparation & Tax Advisory Services

Your personal tax situation is unique, and effective tax planning requires more than simply completing a tax return once a year.  Accounting & Financial Management LLC provides personalized individual tax preparation and advisory services designed to help you meet your tax obligations while proactively identifying tax saving opportunities and support informed financial decisions.

Our goal is to make the tax process as straightforward and stress-free as possible while helping you understand how your financial decision may impact your annual tax situation.

Comprehensive Individual Tax Preparation

Preparing an individual tax return can become complicated as your financial circumstances change.  Whether you are a salaried employee, self-employed, a business owner, investor, retiree, or have multiple sources of income, Accounting & Financial Management LLC can help you navigate the tax preparation and planning process.

Our Individual Tax Preparation Services include:

- Federal individual income tax return preparation (Form 1040)

- State and local income tax return preparation 

- Tax return preparation for self-employed individuals (Schedule C)

- Income from businesses, partnerships and investments

- Rental property income and expenses (Form Schedule E)

- Oil and Gas Royalty income and expenses (Form Schedule E)

- Farm operations income and expenses (Form Schedule F)

- Retirement and investment income reporting (Form 1099-R)

- Itemized deductions analysis

- Tax credit review

- Estimated tax calculations and payments

- Tax extension preparation and filing

- Tax return review

- Prior-year and amended tax returns

- 1099 and other income reporting

- Tax notice and other correspondence assistance

We carefully review your financial position and information you provide to us to help ensure your return is accurate and that you receive all eligible deductions and credits supported by your individual circumstances.

Personalized Tax Advisory & Planning

Tax planning should not begin when tax season arrives.  Throughout the year, Accounting and Financial Management LLC can help you understand the potential tax consequences of important financial decisions and develop strategies appropriate for your unique situation.

Our Tax Advisory and Planning Services include:

- Major financial transactions

- Changes in employment or income

- Self-employment and business ownership

- Investment and retirement income

- Charitable contributions

- Real estate transactions

- Rental property ownership

- Estimated tax payments

- Year-end tax planning

- Life changes that may affect your tax situation - new baby, marriage, divorce

Tax Planning for Life's Major Changes

Your tax situation can change significantly when you experience major life financial events.  Marriage, divorce, retirement, home purchases or sales, starting a business, receiving an inheritance, or significant changes in income can all affect your tax responsibilities.  

Accounting & Financial Management LLC takes the time to understand your circumstances and help evaluate the potential tax implications of important life changes or financial decisions.  

Tax Compliance and Support

Managing tax deadlines, required forms, estimated payments, and changing tax law and regulations can be overwhelming.  We help you stay organized and informed so you can meet your tax obligations with accuracy and confidence.  If you receive a notice or correspondence from the IRS, state or local taxing authority, we can help you understand the issue, review the information, and assist with an appropriate response when our services and authorization permit.

More Than Tax Preparation

Our firm strongly believes that individual tax preparation should be a part of a broader year-round financial strategy.  Our objective is not simply to prepare your return, but to help you better understand your tax situation and make good financial decisions throughout the year.  By combining accurate tax preparation with proactive advisory services, we help you plan ahead, minimize tax surprises, and make the most of the financial opportunities that are available to you and your family.  

Expert Tax Guidance for Today.  Streamlined Strategic Tax Planning for Tomorrow.