Taxes
TAXES
Tracking your Business
& Personal Taxes
At ABP, we educate our clients on your business bookkeeping. Many self-employed people do not understand how imperative business bookkeeping is and how it impacts personal tax returns in terms of saving money. We ensure that you have the proper business return results to ultimately save you on your personal return in the long run.
Your business bookkeeping has to be in complete alignment to ensure optimized saving results on your personal return.
Taxation can be a genuine struggle for anyone. Whether you are managing your own personal taxes or the taxes of your business entity, we understand the challenges and nuances of the process. At ABP, we’re experts in managing taxes of all varieties. We help you to get and stay ahead, avoiding unnecessary fees in the process. In order to win the game, you have to know the rules. At ABP, we don’t just know the rules: we know how to win!
Tax Accountant
BUSINESS TAX
DEDUCTIONS
As business owners, or those who are self-employed, there are crucial deductions within your business that you are allowed to take to ensure that you are not paying more taxes than needed. At ABP, we make sure that you are utilizing every pertinent, applicable, business deduction to maximize long-term savings.
Our client tax deduction strategy all starts with bookkeeping. Depreciation on one’s vehicle, mileage on that vehicle, and home office expenses are just the beginning. We know the rules, and knowing the rules saves you money at the end of the year.
As your tax accountant we also take the stress out of you filing your taxes. This annual process is stressful for most people, but it doesn’t have to be! With our team, you can rest assured that there will be no money left on the table.
TAX RETURN SERVICES
BUSINESS TAX
RETURNS
Businesses can be taxed for all manner of income, depending on exactly what kind of business you own and the services that you provide. At ABP, we’re well versed in understanding what your needs are, as we have experts in federal, state, and local tax laws. We work to properly report all income and spending, covering all of your bases. Our team of highly trained experts ensures that you receive the most accurate tax return. ABP takes care of all of this, so that you can run the business that you love without having to worry. We sweat the details, so that you don’t have to.
We know that choosing an expert is the right way to go when it comes to accounting needs. Your business bookkeeping affects your business tax returns, which also has a direct impact on your personal tax return.
When someone is self-employed, you have one big bucket of income and it flows through to your personal tax returns. If your business bookkeeping isn’t prepared properly and doesn’t include all allowable expense items, then this can have a negative impact on your personal tax returns. At ABP, we implement a strategy that covers it all, allowing you to take advantage of your benefits at optimal levels.
If you are not claiming all allowable deductions (like personal vehicle mileage and home office expenses), then you are paying more than needed. Our bookkeeping experts make sure that you are claiming all legal deductions, saving you money, while making sure that you are not taking deductions that you are not entitled to.
SUPPORT THE ITEMS
ON TAX RETURNS
The information reported on tax returns must be backed up by source documents. Receipts, invoices, or canceled checks are all applicable source documentation. These records need to be kept organized and ready for an inspection by the IRS at any given time. If the IRS examines your tax returns, you may be asked to explain the items reported—and that’s where ABP comes in to save time and stress for you!
OUR TAX SERVICES
PAYROLL
TAXES
We know that employers are under a lot of pressure. Having someone take over the financial accounting and tax strategy of the business, takes ample stress off of the employer. At ABP, we take care of your payroll taxes from start to finish. We implement a seamless process, fully allowing you to focus on what’s most important. Whether you are dealing with Social Security, MediCare, unemployment, or income taxes, we implement an effective strategy completely unique and curated to your business. In dealing with the nuances of payroll taxes, ABP will always demonstrate expertise on your behalf.
OUR TAX SERVICES
SALES
TAXES
We have our finger on the pulse of the tax policies of every state. At ABP, we are experts at working with the different state laws as well as varying rates for different products. Whether you are buying products or selling them, the ABP tax team manages the sales taxes for you—delivering hands-on and reliable services.
With every state having different laws applicable to sales tax, it is sometimes difficult to know what sales tax actually entails. We cut through the complications for you ensuring everything is set up properly!
With every state having different laws applicable to sales tax, it is sometimes difficult to know what sales tax actually entails. We cut through the complications for you ensuring everything is set up properly!
OUR TAX SERVICES
SCHEDULE C -
FILERS
Schedule C-Filers are small business owners who file their business profit and loss within their personal return. ABP will work with you if you are one of these types of filers. As a Schedule C-Filer, you pay the highest amount of tax on your business net income. We put together an intricately-planned and strategic tax strategy that ensures you ample saving opportunities if you fall under this category.
OUR TAX SERVICES
ENTITLED CREDIT
STRATEGIES
There are credits within your business that you may not even know you are entitled to. At ABP, we will educate you on these credits and solutions that can save you money.
*Please note that ABP does not currently manage estate tax or trust tax matters.
*Please note that ABP does not currently manage estate tax or trust tax matters.
CONTACT US WITH EASEGet in touch
We always love to hear from you! If you have any questions, please feel free to contact us.