When it comes to tax preparation, it’s best to be honest about what you need help with. Many taxpayers have simple, standard taxes that can be handled by tax software. However, if your situation is more complex, you are a business owner wanting to make sure your taxes are above board, or you simply recognize that dealing with taxes is not your strong suit, let a tax advisor assist you. Here are our tips for choosing the right tax advisor for your needs: Match their expertise with your specifications. Are you filing personal taxes or on behalf of your small business? Are your taxes straightfo ..read more

Tax season is rarely an eagerly anticipated time of year, but the hope of a significant tax return helps sweeten the otherwise-tedious task of filing taxes. Maximizing your tax return isn’t about gaming the system – it’s about doing your due diligence to ensure you receive what is rightfully yours. Here are four ways to make sure you maximize your tax return: Stay organized – Organization is key when it comes to your taxes. Keeping detailed and orderly records of your finances will prevent you from missing an opportunity for tax savings. Read up on recent tax laws – Tax laws can ch ..read more

If you are looking for a CPA to manage the financial side of your business, turn to us at Brad R. Smith, CPA PC. Before you schedule a consultation, learn more about our CPA services and why you should rely on us for accounting support. Our CPA Services Small business accounting—Relieve the ongoing stress and free up time spent doing the accounting for your business by relying on us instead. Tax consulting—Learn how to prepare for the upcoming tax season and set your business up for easily and accurately filing your taxes. Tax preparation—Figuring out your business’ taxes on your own can be ..read more

Tax preparation season is here, a dreaded time for many people. Whether you own a small business or are just working on your personal taxes, it can be a daunting task. As accounting professionals, it’s our passion and privilege to help our clients navigate their taxes with ease and clarity. Here are our top four expert tips for tax preparation: Organization is paramount. Organization is always our number-one tip for tax preparation. Whether you plan to handle your taxes yourself or get help from a tax professional, organization is key. Keeping your documents in order will make filing taxes i ..read more

If you run a small business, then you are probably used to doing practically everything by yourself, including everything from ordering inventory to keeping your own account books. While this approach might work while your business is just starting out, once it grows beyond a certain size, you will need to delegate some of these tasks to others. In our experience here at the office of Brad R. Smith, CPA PC, many small business owners can benefit by hiring payroll specialists like those on our team instead of trying to do their own payroll. Keep reading to learn a few reasons why we encourage ..read more

When taxes are due, do you file them yourself, or do you hire a professional accountant? Many people prefer to file their own taxes, but many others choose to use professional tax services like the ones we offer here at the office of Brad R. Smith, CPA PC. In this article, our team will go over a few of the advantages of using professional tax services to help you decide if this is the right choice for you. Save Time – One advantage of using our tax services is the way it can save you time, especially if your tax situation is complicated. Filing for yourself or your household doesn’t usually ..read more

Some tasks are good candidates for the DIY approach, and others require professional help—or at least, they could strongly benefit from it. Unfortunately, everyone has different opinions on which tasks fall into which categories. In our experience here at the office of Brad R. Smith, CPA PC, a surprising number of people try to take a DIY approach to their taxes, even when getting a professional opinion would make the filing process much smoother. In this article, we’ll go over a few situations where we would encourage you to speak to a tax advisor—if you have experienced any of the following ..read more

If you’re a business owner, you probably have a never-ending list of things to do on a daily basis. The last thing most business owners want to think about is the complicated nature of filing their taxes each year. It’s no secret that taxes can be frustrating and time-consuming for small businesses, and it doesn’t help that tax regulations tend to change from year to year. This is one of the main reasons why over half of all businesses in the U.S. used tax services in 2020 to file their taxes. If you don’t want to deal with the headaches that can come from trying to file your annual business ..read more

Most people aren’t fond of doing their taxes. Most prefer not to think about taxes at all until the final days leading up to the official deadline to file. However, if you expect your taxes to be more complicated this year, it might be a good idea to start thinking about them sooner rather than later. For example, if you inherited property, got married, or somehow won the lottery, you may want to get some professional insights from a tax advisor. A tax advisor, also called a tax consultant, is defined as someone with expertise and training in the complex nature of tax laws. In most instances ..read more

If you run a business of any kind, one thing you will need to do to keep your operation running smoothly is make sure your payroll is accurate and that your employees get paid on time. While it is possible to handle payroll services in-house while your company is still starting out, once you take on more than a handful of employees, it becomes much more efficient to outsource these services to dedicated professionals like those on our team at Brad R. Smith, CPA PC. In this article, we’ll go over a few of the advantages of using professional payroll services to help you decide whether they are ..read more