Effective Tax Services in Bronx
Tax season can be stressful for individuals and business owners alike. Perhaps your financial records are not as organized as you'd like, or you're struggling to understand which expenses to claim for your small business. Whatever your specific needs, our experienced team at ASR Accounting & Tax LLC is here to help.
Since establishing our practice in 2005, we have been assisting residents of Bronx, Yonkers, Westchester, Queens, and the greater New York City area with their taxes. We look forward to working with you to plan your financial success. Contact our office in Bronx today for your free initial consultation!
Tax Preparation for Businesses
You have to be especially careful to provide accurate tax returns in a timely fashion when you won a business. If the IRS receives incorrect information or your returns are filed late, you can find yourself facing costly fines, penalties, and back taxes. We will keep track of due dates and deadlines for you and ensure that your information is submitted correctly.
When you choose ASR Accounting & Tax LLC to assist you with your company's tax preparation, you can trust that we will put in the time necessary to thoroughly understand your business and industry. Doing so allows us to offer relevant advice on ways you can protect your company's revenue. We are knowledgeable regarding constantly-evolving local, state, and federal tax laws and regulations. Our team will help by explaining which rules apply to you and how you can remain in compliance with the IRS's requirements.
Payroll Tax Services
Payroll taxes are constantly changing and getting more complicated. We are happy to assist with your payroll needs to keep your company running efficiently. We can:
- Structure payroll taxes
- File returns
- Submit taxes
Tax Services for Individuals
As an individual, it can be overwhelming to try to untangle your financial situation by yourself. We are here to help you file your return correctly. Our team will carefully check your return for accuracy so that you feel confident when you submit your paperwork for the year. We provide electronic filing to receive your refund faster, thus getting money back in your pocket as quickly as possible.
You worked hard to make money, and we want to protect as much of your revenue as possible. We always take advantage of all the deductions and tax breaks that apply to you. As experts in the field, we may know a number of ways to reduce your taxable income that you may not have considered. We can also show you how to defer income through a 401(k), individual retirement account (IRA), and more.
What If I Own a Small Business?
As the owner of a small business, you can benefit from having professional help to navigate your finances. Since your personal and business expenses may be woven together, it can be hard to understand your tax requirements. We can provide tax planning services to help you achieve specific fiscal goals. We'll figure out which expenses and deductions you can claim for your business, leaving you with more free time to focus on your product, marketing, and employees.
Tax Planning & Accounting Strategies for Life Changes
Tax planning and accounting go together. With accurate financial recording and reporting, you can protect your assets, and have more time to enjoy your life. Because change is constant, you need the right support during each stage of life.
Whether you already use our accounting services or you are looking for assistance, we offer tax planning to help you find new ways to save money and set financial targets for the future. We want to help you understand how tax implications change with the decisions you make during the year. Whether you're getting married, want to purchase a second business location, or you just bought your dream car, your choices will impact your tax requirements and your budget.
Our tax strategies and plans for individuals include, but are not limited to:
- Using investments for tax-exempt income
- Deferring payments for the next calendar year
- Splitting income between family members
- Maximizing deductions and minimizing liabilities
- Providing organizers to keep your finances orderly and accessible
We also offer a range of tax planning strategies for businesses, including:
- Offering benefits plans to employees
- Offsetting revenue with expenses
- Setting up and contributing to retirement accounts for employees
Helping You Navigate Tax Problems
It can be terrifying to receive an official notification from the IRS, but many American taxpayers will unfortunately encounter this situation at some point. Our team is here to assist you if any unexpected tax issues come up. We help you understand your situation and offer non-judgmental advice. By reviewing all the options to effectively address the problem, you can move on with your life. We provide aid with the following situations:
If you've received a letter from the IRS, don't hesitate to get in touch with us so we can begin addressing your situation!
Efficiently Addressing Your Pressing Tax Needs
Whether you're looking for tax planning, assistance with tax preparation, or are having issues with the IRS, ASR Accounting & Tax LLC is ready to lend a hand. Give our Bronx office a call today. We can't wait to work with you!