Name: Tax Accountant
Brand: LBS Tax

We Are The Local Tax Accountant You Can Rely On

When they need the services of a tax accountant, Tempe residents and businesses choose LBS Tax. We provide extensive accounting services that can help our clients before, after, and during tax time. Some of these services include bookkeeping, tax preparation, and payroll services. Early decisions can have a major impact on the growth of your company. When these decisions relate to taxes, we can help you make the ones that save you the most and provide for increased growth.

Why Use a Tax Accountant?

If you don’t have an accountant on staff, utilizing our expertise for your accounting needs is the smart choice. We provide year-round services that can make it much easier to run and manage your business. Not only will you have important financial data at your fingertips, but you can also be assured of its accuracy. We can prepare you from the first of the year to get the most back at the end of the year, helping you to make tax-effective business decisions in the pursuit of your company-related goals.

Business Accountant Services Include:

General Ledger Set Up and Report

We can set up a ledger for you that will hold your financial records. This makes it much easier to manage accounts, determine business assets, and handle credits and debts.

Financial Statement Preparation

Every year we’ll help you to prepare a financial statement. With our firm’s expertise, we will assemble data related to your company’s financial position.

Accounting System and Support

A reliable accounting system can help to prevent future issues when assembling financial reports and statements. We help local businesses set up, manage, and maintain their accounting systems.

Cash Flow Statements

Our prepared cash flow statements make it easy to analyze the financial health of your business. This allows you to quickly view the totality of incoming and outgoing cash flow. We also provide payroll services in Tempe.

Budgeting

Regardless of your business’s size, budgeting is an integral tool when maintaining financial stability. Our experienced staff can help you set up a realistic budget for your business. Business tax consulting is one of our specialties!

Training and Support of Clients’ Bookkeeping Staff

Tax law is constantly changing. A single mistake in bookkeeping can be incredibly costly for your business. As a professional tax accountant, we provide support and regular training for your bookkeeping staff. This keeps them informed of tax law changes and helps them correctly record company financial transactions.

Common Tax Accountant Questions

What are the tax implications of starting a new business?

Starting a new business can have significant tax implications. You may be required to register for a tax ID number, file for various licenses and permits, and pay various taxes such as income tax, sales tax, and payroll taxes. It is important to work with a tax accountant to ensure you understand and comply with all applicable tax laws and regulations.

How can I minimize my tax liability as a small business owner?

There are many strategies that small business owners can use to minimize their tax liability, including taking advantage of deductions and credits, maximizing retirement contributions, and using tax-efficient business structures. It is important to work with a tax accountant who can help you identify opportunities to reduce your tax burden while staying compliant with all tax laws.

What deductions and credits am I eligible for as an individual taxpayer?

As an individual taxpayer, you may be eligible for a wide range of deductions and credits, such as the standard deduction, home mortgage interest deduction, and various education and child-related credits. Working with a tax accountant can help you identify all of the deductions and credits that you are eligible for and ensure that you claim them correctly on your tax return.

What are the tax implications of investing in stocks, real estate, or other assets?

Investing in stocks, real estate, or other assets can have significant tax implications, including capital gains taxes, dividend taxes, and property taxes. It is important to work with a tax accountant to understand the tax implications of your investments and develop a tax-efficient investment strategy.

What steps can I take to avoid an audit by the IRS?

While there is no guaranteed way to avoid an audit by the IRS, there are steps you can take to reduce your chances of being audited. This includes keeping accurate and complete records, reporting all income and deductions correctly, and avoiding red flags such as claiming excessive deductions or having income sources that are significantly different from prior years. Working with a tax accountant can help ensure that your tax return is accurate and complete, reducing your chances of being audited.

Enjoy financial peace of mind. Call us today at (480) 664-1249 for a tax accountant in Tempe.

Monday - Friday	9:00am - 5:00pm
Saturday & Sunday	Closed

Tax Accountant Tempe AZ