- Tax PlanningWe are available all year round for tax planning and looking for new ways to enable you to keep more of your money for yourself. We do more than just tell you what you will owe if you keep doing what you have been doing, but also show you what you can do to reduce your tax bill and how much the tax savings will be if you implement a particular strategy so that you can decide whether or not you want to do it. We encourage your inquiries and check the law to make sure that we understand it before making a recommendation. We are constantly coming up with new techniques so don't get the idea that we have finally got everything that there is. We just agree to stop looking right now and revisit and look more later.
- Charitable GivingAny used items (such as clothing, linens, appliances, etc.) must be in good condition and may only be deducted at the price you could reasonably ask for the item in used condition. For contributions worth $250 or more, you must have a written receipt or letter from the organization. For contributions worth $500 or more, you must file Form 8283 (Noncash Charitable Contributions) and attach it to your Form 1040.
- Estate Taxes
- Tax ServicesSince its inception, our firm has served the local community with an emphasis on personalized service. We are not aiming to compete with the larger firms which hire people to just prepare legal returns. Instead, our aim has always been to provide the core tax services you are likely to need, while remaining small enough that you always feel welcome and at home. At Quality Tax Service, you will find a person with whom you are thoroughly comfortable, you can count on not simply bringing your tax needs to an impersonal staff member or dropping them off, but on forming an ongoing relationship with a trusted business or personal consultant.
- Roth IRAA traditional IRA lets you deduct contributions in the year you make them, and the distributions are included as income on your return when you withdraw from the IRA after reaching age 59 1/2. A Roth IRA does not let you deduct the contributions, but you also do not report the distributions as income, no matter how much the Roth account has appreciated. With a Roth, you can exclude the income earned in the account from being taxed.
- Real Estate TaxesIf you use a portion of your home for business purposes, you may be able to take a home office deduction whether you are self-employed or an employee. Expenses you may be able to deduct for business use of your home may include the business portion of real estate taxes, mortgage interest, rent, utilities, insurance, depreciation, painting, and repairs.
- Income TaxTax time is a stressful time of year for many individuals and businesses. We invite you to join our family of clients who know that they have someone who they can trust to support them in the finishing up the tax year in a comfortable environment on their schedule without the stress of getting in line with the rest of them people who dread April 15. We file extensions for them at no charge and guide them through the various challenges of finishing up the tax year. Given the complexity of the ever-changing laws and the difficulty of interpreting them, you need a tax advisor who not only can ensure you’ve complied with the law, but who can help you claim valuable deductions and credits you may have never suspected. Our firm goes out of its way to reduce the burden of paying taxes for all filers. We pledge not only to prepare your tax returns in the best-informed, most ethical manner possible, but also to work with you year-round as needed to plan a strategy that will minimize your total tax burden. We are qualified to prepare all federal, state, and local tax returns for individuals, corporations, partnerships, and limited liability companies. We have clients in twenty nine states and have the ability to prepare tax returns for all states that have individual income taxes. Florida does not have an income tax, but does have an intangibles tax which we can do also.
- Tax Return PreparationQuality Tax Service is a full service tax and consulting firm. We cater to a wide variety of clients ranging from individuals to small business. We specialize in retirement planning, business consulting, investments, and personal financial planning. In addition to our specialty areas, we provide tax services, including tax planning and tax return preparation.
- Accounting ServicesWe do not specialize in Accounting but do offer a robust cloud based system for those who need this. We'll design a financial management system just for you. You're never be burdened by unwanted features. This will make your bookkeeping easier to use and manage.
- Payroll ServicesWhile many payroll companies offer a take-it-or-leave-it, cookie cutter approach, we tailor our services to meet the needs of each individual client. And now you can get this complete, personalized payroll service more cost-effectively than ever before.
- Financial Planning
- Retirement Planning