Here are the answers to some frequently asked questions by our clients
Whether you’re an individual, a business, or a non-profit, the Tax Lady LLC is here to help
To you and your tax needs. Our comprehensive list of tax solutions includes:
- Tax Prep for Individuals
- Tax Prep for Businesses Corporation, LLC, Partnerships
- Tax Prep for Non-Profits
- Tax Resolution (Audits, Review, Examination)
- Tax Amendments
- Identity Verification Assistance
- Tax Planning
- Bookkeeping Services
The process of obtaining and arranging financial information, applying legal standards, and preparing and filing tax returns is known as tax preparation. It is best to leave your tax preparation and planning to a professional because tax regulations change frequently and the quantity of documentation can be intimidating. Not to mention that you might waste money if you don’t know how to correctly fill out the papers.
A tax preparation service comprises assisting individuals and corporations in completing their yearly tax forms, reviewing their tax forms to accuracy, and filing their taxes.
A professional tax preparer has the skills, expertise, and resources to your tax return is correct and thorough. Using a professional tax preparer is the most convenient approach to submit a tax return and receive the most beneficial refund.
Some people choose to prepare their own taxes by using tax preparation software or manuals. Some, on the other hand, choose to have a professional prepare their tax return. If you prefer to do your own taxes, there are various free internet tools available to assist you. However, you should be aware that doing your own taxes carries some risk. If you are not comfortable doing your own tax return or if your tax return is complicated, it is advisable to consult a knowledgeable expert
You can get correct information about your taxes and be guided through the full tax filing process if you choose a reliable tax preparation service. Furthermore, they will ensure that you take advantage of all possible deductions and credits in order to receive the greatest money from the government.
You will save time and frustration by having your taxes prepared by a professional. Hiring a tax preparer to assist with your taxes is undoubtedly worthwhile, especially if you have multiple jobs, own a company or rental property, or have complex tax cases.
A tax preparation service should be used by everyone since filing taxes is a difficult affair. People must collect a huge number of tax documents and data to calculate how much tax they’re eligible to pay. When it comes to complex tax cases, people must be familiar with the tax law. This is why tax preparation should always be managed by a professional. The tax preparer uses their expertise and experience to that your tax return is completed accurately.
A tax preparation service will benefit you if you are:
- Unfamiliar with tax legislation and procedures
- Do not understand how to collect tax papers and data
- Lack the patience to do it yourself
- Need to file more than one tax return
- Own a small business, earn rental income, buy a huge investment property, or work for yourself
- Want to avoid an IRS audit
- Wish to avoid stress and hassle.
You’ll be shocked at how much money you may save by hiring a tax prep service. Even if you come across a tax preparation software, you must still install it and learn how to use it properly, which can take considerable time and effort. So why waste time learning how to use tax software when a tax preparation service can handle it for you?
By preparing your tax forms, a tax preparer can help you maximize your deductions, tax credits, and exemptions. You want a tax preparer you can rely on to offer you with precise information so you can optimize your savings. This helps you save money and only pay the most minimum amount of tax you’re required to.
The income tax in the United States is determined using a progressive tax system, which implies that the more you earn, the higher your tax rate. The tax brackets decide which tax rate should be applied to a certain amount of income.
Most tax prep firms charge anywhere between $200 and $450 on average to prepare your taxes. The cost of a tax preparation varies based on the complexity of your tax return, the quantity of assistance you require, and your location. You can contact The Tax Lady LLC and learn more about our services and fee structure.
No, that’s simply not true.When you file for an extension, you are automatically given a 6-month extension. However, it does not provide you any extended time to pay your taxes. On tax day, you must still pay at least 90% of what you owe.
It is critical to select a tax preparation service that is appropriate for your needs and requirements. Some tax preparation businesses give in-person help, while others solely provide virtual or digital help. When selecting a tax preparation firm, it is essential to inquire about the services they provide, the charges of their services and if they provide. Check out reviews from previous customers to learn more about their experience working with the company.
Here at The Tax Lady LLC, we endeavor to deliver high-quality tax planning and preparation services to our clients. Our expert staff has over a decade of experience to help you with your tax planning and preparation requirements. Our clients trust us because of our professional and high-quality services, as well as our personalized approach. That is why we strive to do a job that will not make customers regret picking us for their tax solutions.
If you have any further questions, you can reach out to us at either via email or our contact number. Our team will get back to you as soon as possible.
Frequently Asked Questions About The Tax Lady, LLC And Our Tax Preparation Services
Looking for the best tax services in Clarksville (or beyond?) In this section, we answer questions about our services, and about tax and bookkeeping in general.
When you’re looking for a new tax pro, we have good news: you don’t have to be limited by geography. The tax professionals at the Tax Lady, LLC, can, of course, help you by providing in-person services in Clarksville, NC, if you prefer. But we can also work with you online no matter where you’re located. We use secure, encrypted systems to keep your data safe, so it really is a matter of preference whether you prefer to get your tax prep in person or online.
The only constraint of working in person is the need to make an appointment, as we only service clients on that basis to ensure no one is kept waiting.
Bottom line, just find the best tax pro for your needs whereever they are located. Whether you work with us virtually, by phone, or in person, we’ll make sure we’re quick to respond to any questions you have.
We are set up to handle all your tax needs online. Many people find this much more convenient as it eliminates the need to drive anywhere or print documents. We also provide a secure platform so your tax documents and personal information can be transferred securely.
We believe the answer is a resounding yes, that it is worth paying a professional tax preparer. Here’s why.
If you file your taxes yourself, yes, you might save the fee. But how much are you losing by overpaying your taxes every year? You wouldn’t even realize the amount, most likely. You also risk mistakes or other errors that may cause you to owe penalties and fees.
We believe that by using tax professionals for tax filing, you file on time and properly. But most importantly, when you work with our team for income tax preparation, you’ll get the benefit of our help to look for savings. That can mean savings in the current year. However, many times, that same savings can be recaptured in the future as well, helping you save even more money.
One of the biggest benefits of working with a professional on your tax situation is capturing available tax credits. Unless you’re in the tax business, you may not even be aware of these credits. Most credits, including the saver’s credit, childcare or dependent care credit, and lifelong learning credits, don’t show up on common tax forms–you have to apply for those on a separate form. However, these are extremely valuable since they are a direct credit to any tax you owe. So unless you study the tax code, you wouldn’t know that these savings are even available. In our work for you, we will review your needs and get you the maximum benefits from these often-overlooked credits if you qualify, ensuring that every opportunity for tax savings is fully leveraged in your favor.
Yes, we will prepare your required state tax return along with your federal return and any additional forms required. This is all included in our standard service fees for getting your taxes done.
Yes, you can book an appointment by contacting us here (INCLUDE LINK if available, Calendly is a great free service for appointments). We are happy to provide a free consultation to help you determine if we’re the right fit for you.
We’re here to help educate our clients, and one area that many people need clarification on is the whole issue of a tax refund. While it can seem like a good thing to get a big check or refund advance loan each year, what you’re really doing is providing a tax-free loan to the government. Wouldn’t you prefer to use your own money instead of providing a free loan to Uncle Sam? You should, especially if you have debt that are you paying interest on.
It is normally far better to adjust your payroll deductions so you pay just enough to avoid a large refund. Then, instead of having that money withheld from your paycheck, you can put that money to use, either to pay off high-interest debt or to add to your savings and investments.
At The Tax Lady, LLC, we’re here to make the process as painless as possible with our full-service approach. Upon completion of the tax preparation services, we’ll ask for your approvel. Once you approve your return, we can file it electronically on your behalf. While you will need to sign a form, that can be done online easily, and then the electronic filing can save you time and hassle. If for any reason your return is not eligble for electonricc filing, we’ll prepare it for you and send it to you so you just need to sign it and drop it in the mail.
Yes, we can advise you throughout the process. However, we cannot yet represent you in front of the IRS as a CPA (certified public accountant) or EA (enrolled agent) can, although we will be able to do that in the future. We can, however, provide you with audit assistance and advice, along with friendly and professional support to help you successfully negotiate a positive outcome.
Yes, we can prepare estate tax returns as well as returns for individuals, businesses and other entities such as trusts.
Frequently Asked Questions About Bookkeeping
Yes, whether are beginning a new business or have been in business for years, we can help. If you’re just starting out, you may still need to decide which type of entity would be best. We’re happy to engage with you early to ensure things are setup cleanly from the start.
Our setup process is designed to be efficient and easy for you, and we’re always available if you run into any problems. We will need you to provide us with user credentials for your accounting system. Then we’ll need you to upload or provide us with copies of your current records for payroll, expenses and other transactional activity (checks and banking transactions) so we can update your books. We’ll also work with you to establish a monthly schedul for providing this on a recurring basis.
We will soon! Starting shortly, we will be providing tax planning services as part of our tax solutions. This is a service that can benefit higher-income and higher-net-worth individuals as well as business owners. We’ll review your financial situation and discuss your future plans. Then we’ll look for ways for you to save going forward. For business owners, this can include analysis to decide which type of entity would be most beneficial to you, such as an S Corporation. We’ll also explain each type of organization so you can make an informed decision (in conjunction with advice from your CPAs, if applicable). Our tax planning advice will cover federal but also include state and local taxes.
No, we do not provide payroll services or notary services at this time. However, there are many high-quality providers located in Clarksville that should be able to help. You may want to start with a local CPA firm as a beginning point.
