Tax Preparation Services by 3 Rivers Tax
Whether you run a small business, you must remain tax compliant. To stay compliant, you must follow the tax rules and regulations in specific to your situation. It can be difficult to understand these regulations, especially as your business grows and becomes more complex. At 3 Rivers Tax, we offer tax compliance services to fit your unique needs.
However, we go a major step past tax compliance to include tax planning. Tax planning is staying in touch during the year and helping you to leverage the opportunities your business provides. Our clients call us during the year with questions and before they make major purchases. For our monthly subscription clients, we also make two scheduled, proactive contacts each year outside of tax season:
Q3 Review – In August-September, we reach out to understand your financials year-to-date. We then do a hypothetical tax return making some assumptions for the remainder of the year to figure out the projected tax liability. Second, we look at withholding payments/estimated taxes year-to-date to determine if we are on track and make adjustments as needed. Last, we look for tax planning opportunities to help you lower your tax bill.
Last Call Review – In late November to early December, we take a look at the financials prior to year-end. We make sure our assumptions from the Q3 Review are still on track and make any last minute tax planning decisions. This is done prior to Dec. 31st to give us time to make any last minute tax planning moves.
Tax Compliance Meeting – We complete your business and personal tax returns. By staying in touch during the year, this is a much simpler process than if we met just once per year.