Are you tired of looking at the stack of papers on your desk knowing you need to go through them to get your tax return done? Does it seem overwhelming and then you are not even sure you are doing it right? Our firm can help you focus on gathering the data so we can prepare the return on a timely and accurate basis. We are just a phone call, e-mail or fax away from you so you don't even have to get in your car to deliver the data needed to complete your tax return. Having a virtual accountant can be more convenient and timely than the old-style Monday thru Friday, 9-5 firm since we are virtually available 24/7 anywhere in the world!

Income Tax Preparation

Whether you are a sole proprietor, retired or a wage earner, your 1040 and state tax returns will be prepared making sure all allowable deductions are taken and your return is completed timely and accurately. In addition, you can expect a review of the information available to see if we can provide advice on benefits available to you regarding your tax and financial situation. Examples of this would be whether to purchase a home, refinancing a home, how to pay off the home mortgage, retirement plan options and other goals that through the course of time will make your life easier with a slow, steady progress towards achieving these goals. E-mail or call today to see if our firm can provide you a specialized service to meet your needs.

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IRS & State Tax Solutions

When you have the unfortunate experience of not having prepared your taxes on time or not being able to pay your taxes when they are due, sometimes it is better to have an experienced intermediary assist with the process of preparation of the returns and negotiation with the IRS or state tax agency. If you are unable to pay immediately, there are several options depending on your financial situation. Sometimes an offer in compromise is a viable solution and other times monthly payments that are manageable are an option. Our firm will work for you and work with the IRS or state government to ensure that you are protected and that you have a solution that is manageable. E-mail or call for a free consultation to see if our firm can provide you the help you need.

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One of the biggest financial decisions people make is the purchase of a home. The process can be overwhelming and the numbers can be confusing. There are a few simple tips that you can do to make sure you what you are being told you get is actually what you get when you sign the papers.

First, it is always a good idea to shop lenders to see if you are getting the best deal.

Second, make sure you get a “Good Faith Estimate” up front from the lender. This document lists all of the charges the lender is going to charge you. It will include the loan amount, origination fee and/or points, interest rate and term of the loan among other fees. This document should be compared to the document prepared at the signing of the loan. If they do not agree, you should ask your lender why they are different. Many times the Good Faith Estimate does not agree with the lenders final charges. You can use this as a negotiation point before you sign the papers and have the lender reduce the fees to what he originally told you he would charge you in the Good Faith Estimate. Many clients have gotten refunds from their lenders due to the Good Faith Estimate being different from the actual charges

Third, make sure there are no prepayment penalties or hidden charges in the fine print. Sometimes lenders will penalize you if you get a new loan and will add that fee on to the refinanced loan as part of the payoff

Feel free to e-mail or call if you would like more help with this as it can be very confusing and overwhelming at times.

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Wouldn't it be nice if you didn't have to make a mortgage payment every month? This may be easier than you think to accomplish. If you make even a small extra payment to your mortgage company every month towards principal, this will reduce your 30 year mortgage into a shorter term. If you are 40 when you get that 30 year mortgage, you will be 70 before it is paid off. So paying a little bit every month will shorten that time period.

If you have credit card and other debt, it is usually better to pay that off before you pay off your mortgage because the mortgage interest can be deductible on your tax return and the credit card interest is not. But after the credit card debt is gone, you can focus on the mortgage. In the "Tools" menu you can download a free amortization calculator which will help you determine how much you can pay every month and how long it will be before the mortgage is paid off. If you can discipline yourself to do that every month, you will be better preparing yourself for financial freedom. E-mail or call if I can be of further assistance.    

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There are those who plot through life without much thought to their future and then there are those who plot through life with much thought to their future. Those that plan succeed and those that do not wish they had. It is not magical or too difficult to succeed at this. All it takes is a little discipline and a tortoise approach to achieving the goal. Whether it is paying off your home, becoming debt free, having a second home on the beach or being able to retire comfortably, all of these goals can be accomplished by making the decision and getting into the habit of doing something to accomplish this. Remember, you do not have to be the hare because being the tortoise will surely get you there if you move slowly with a good plan. If you want to discuss this with me further, e-mail or call and you will get the assistance you need.

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While buying a vehicle is not nearly as complicated as buying a home, it can still be confusing and sometimes you never really understand what you actually paid for the vehicle. Here are some simple tips to make the process more manageable. First, look for the vehicle you want with all the options noted. Second, go to the dealers in your local area and check the internet to find the best price for the car with all of those options. Remember that if the car is the same car with the same options, the price difference is what the dealers are charging including their profit. It is always a good idea to ask to purchase the vehicle from the fleet department as many dealers are now offering to any individual or business buyer of one car a “bottom line price” through the fleet department. This is the invoice price and eliminates the padding added for negotiation with the sales representative’s commission in the retail department of the dealership. The invoice price can be $5,000 or more off the MSRP. It is always good to be working with at least two quotes from different dealers to price compare and make sure you are paying the very least amount for that vehicle. Third, you can then evaluate the financing options on each of the two top vehicles you have chosen to determine which is the best deal overall. It is best to negotiate price first and then the financing component. Most of this can be accomplished by phone and fax since you already know what kind of car you want. Fourth, after you have done that at both dealerships, evaluate which deal is best. Remember that a lower monthly payment does not always mean you paid less for the car. The price, loan amount and interest rate are the key components. Go to MORE CAR PURCHASE TIPS. for more important tips when purchasing a vehicle. Feel free to e-mail or call to see if I can help if you need more assistance with your specific deal.

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Planning your retirement may not be one of your most favorite things to do but it is important nevertheless. If you haven't done much planning, there are a few simple things you can do such as purchase an IRA which can be deductible on your tax return. The tortoise approach is always better than waiting until you are close to retiring to start planning. Mutual fund families make it easy and convenient to set up a retirement account at little or no cost to you. There are a couple of links in the "Tools" menu to mutual fund families that have lots of good information available for free. Please e-mail or call if you have more questions about this. Go to Other retirement options if you would like to know more about retirement.

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