Tax Services

Before we get started on tax filing, we’ll have a face-to-face meet up to discuss your tax situation. All sorts of factors play into your return. We’ll certainly discuss potential tax deductions, such as charitable donations, childcare expenses and educational expenses. We’ll need to know your employment status, if you have any dependents, retirement accounts, health savings accounts, etc. The information we ask for will help us determine which forms are needed to file your taxes in full. Besides the proper documents, all you’ll really need to proceed is your Social Security Number and Tax Identification number. Additional information will be required if your requesting assistance as a business owner. Business taxes are less straight forward. We will we have a great grasp on them, but you may not be so familiar, especially if you are a new business owner. We’ll help you file, but we’ll also explain the forms to you so you understand them in future years. Preparation is key, however, tax experts will do the heavy lifting. We ask the right questions, we obtain the right forms and we serve our clients the right way.

Tax planning is a year-round objective. The moment one tax year ends, the next one begins. You can cut down on the amount of income tax you pay each year by taking advantage of tax credits and deductions. Throughout the year, the government will establish tax credits. For example, in 2018, homeowners could get a 30% tax credit if purchasing and installing solar-energy products from a certified manufacturer. An example of a tax deduction is the amount of money you expend on traveling for your business. If you keep your gas receipts, you can submit them for deduction when filing your taxes. Credits and deductions are just two of the ways you can alleviate your tax burden. Using an IRA instead of a traditional savings account is another good tip. Interest amounts on an IRA are not taxed, while interest amounts for traditional accounts are. Liali’s Tax Services has all the tips and insight. We can work with you throughout the year to ensure you are benefiting from every possible tax break. There are a lot of measures that can be taken that very few people ever consider. It’s our job to make you aware of those measures. If you act accordingly, you can substantially lower the amount you pay on taxes and even see a greater tax return.