TAX TIPS NEWSLINE – January 2017

Proudly Published in the USA

 

Produced monthly for Clients and Friends of Advisory Group Associates

Our Mission:  Sharing Solutions that deliver real value.

 

ORGANIZE 2016 DATA: During January, 2017, we will be Emailing each client/taxpayer their 2016 Tax Organizer to be used to compile 2016 records and efficiently deliver this data and information for preparation of an accurate tax return.  This “Tax Organizer” generally shows you what was reported in the prior year. Please answer the questions and complete this accurately.

 

Do not wait to send us your 2016 data. Often Schedules K-1 from partnerships etc. are not issued until April.  Best practice is to bring us what you have by Saturday, February 4, 2017, even if your Forms 1099 and brokerage statements have not yet been received. (See Client Appreciation Brunch) The goal is to have adequate time to let us process accurate tax returns.  If you have any questions, please do not hesitate to contact us.  Please notify us promptly of any address, e-mail, and telephone contact changes!

 

CLIENT APPRECIATION BRUNCH

 

Join us for brunch and take this opportunity to discuss your 2016 income tax return processing and, or to plan ahead for 2017 with our team of Professional Tax Associates.

We can assist in identifying and maximizing potential tax savings to help you to keep

more of what you earn.

 

Bring your 2016 data and “Tax Organizer” for discussion and processing.

 

Saturday, February 4th, 2017,  10am until 1pm

 

At the offices of Advisory Group Associates,   1980 Concourse Drive, St. Louis, MO 63146.

 

Please R.S.V.P.  At: 314-205-9595.

 

Inside this Month’s Issue

 

  • About What We Do
  • To Simply say “Thank You”
  • Tax Problem Resolution
  • 2017 Standard Mileage Rate
  • Reminders – Compliance Issues
  • Expense Report Blunders Trigger Unnecessary Taxes
  • Avoid Traps When Business Loses Money
  • How To Deduct Costs For Starting A Business
  • Prospects for Tax Reform
  • Wide Range Of Specialized Solutions Offered

ABOUT WHAT WE DO

 

This “TAX TIPS NEWSLINE” is compiled by the founder of the Tax & Advisory firms, Frank L. Zerjav, CPA and team of Professional Tax Associates, and then it is sent by email each month because you need tax and compliance knowledge.  It’s a big part of your life and the entities that you operate.

 

The CPA firm engages in Strategic Tax Planning for business and real estate owners, professionals, investors and individuals. Our clients minimize their tax burden by appropriate

proven strategies, which help them to keep more of what they earn. Advisory Group’s Tax Resolution Experts also engage in resolving tax problems with either Federal or State tax agencies for clients who need these specialized, proven resolution options.  Our dedicated team of Professional Tax Advisors and Tax Resolution Experts do care; our primary objective is the well-being of clients, their family and their survivors, as well as their satisfaction with the work we do, while our goal is to be the premier choice of Tax & Advisory firms, not the biggest firm, by sharing solutions that deliver real value.

 

Contact Us – There are many events that occur during the year that can affect your tax situation. Preparation of your tax returns involves summarizing transactions and events that occurred during the prior year.  In most situations, treatment is firmly established at the time the transaction occurs. However, negative tax effects can be avoided by proper planning. Please contact us in advance regarding the tax effects of a transaction or event, including the following:

 

  • Pension or IRA distributions. • Sale or purchase of a residence or • Self-employment.
  • Significant change in income or deductions. other real estate. • Charitable contributions of
  • Job change. • Retirement. property in excess of $5,000.
  • Marriage. • Notice from IRS or other revenue • Gifts (over $14,000 to an
  • Attainment of age 59½ or 70½. department. individual).
  • Sale or purchase of a business. • Divorce or separation. • Estate Planning

 

 

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TO SIMPLY SAY “THANK YOU”

 

Thanks again to our clients and friends who graciously referred their friends, associates and relatives this past year!

 

Thanks to them the word is spreading as we are building our business based on your positive comments and referrals.  We just could not do it without your continued loyalty and confidence with the work we do.

 

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TAX PROBLEM RESOLUTION

 

IRS Problems are a very personal type of problem and people often do not know where to turn for help. IRS (or State Tax Agency) Problems generally affects all aspects of your life. Many people just live with the problem for months and sometimes years, assuming that nothing can be done about it. Imagine how relieved you or someone you know who has IRS Problems would feel if you could just put him/her in the hands of a competent expert who deals with the IRS on a daily basis and who really cares about helping people. A person who would give them the peace of mind they and their family deserve so they can stop looking over their shoulder once and for all, knowing that they do not need to meet or communicate with the IRS any longer. As your representative we handle all IRS communications and contacts on your behalf, and take the burden away from you.

 

It’s easy for good, hard-working Americans to fall behind. Many people tried to handle their IRS situation themselves but didn’t obtain the relief they were seeking. Our team of Tax Professional Associates have the experience and expertise to know the “ins and outs” of the tax system and can negotiate a personalized solution for you.

 

Our licensed Tax Professional Associates, as Experts, help to identify prevention tactics and defenses to avoid the financial devastation of additional tax, penalty or interest assessments if a taxpayer is faced with an IRS audit, controversy, or other tax problem.  Their role includes using advanced examination techniques while protecting taxpayer’s rights.  As result of providing such specialized tax resolution services, they have learned how to apply the best practices and proven methods to permanently resolve client’s tax problems, with the best possible outcome.   Frequently, resolution has been achieved even when the taxpayer believed that other possibilities were no longer available.

 

These Tax Problem Resolution Specialized Solutions include: Preparation of Unfiled Income Tax Returns, Penalty Reduction or Abatement, Offers in Compromise, Payment Plans, Financial Hardship Plans, Wage Garnishment/Bank Levy/Lien Releases, Audit defenses and IRS Appeals.

 

We’ll listen to you or someone you know who has a Tax Problem, in complete confidence at NO CHARGE. We’ll answer questions, explain options and suggest solutions and provide a written estimate of our fees to permanently resolve any IRS/State tax problem.

 

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2017 STANDARD MILEAGE RATES

 

Beginning on January 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

 

  • 53.5 cents per mile for business miles drive, down from 54 in 2016.
  • 17 cents per mile driven for medical or moving purposes, down from 19 in 2016.
  • 14 cents per mile driven in service of charitable organizations, the same as 2016.

 

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile.  The rate for medical and moving purposes is based on the variable costs as determined by the same study.  The charitable rate is set by law.

 

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

 

A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle.  In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously.

 

As a reminder, the IRS requires you to keep a daily log to support business miles claimed.

 

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REMINDERS – COMPLIANCE ISSUES

 

  • ü Forms 1099 need to be filed annually to report payments totaling $600 or more, during the calendar year that are made to non – employee contractors or payments of legal fees, interest, rent, etc. The Advisory Group can also produce necessary quarterly payroll and annual employment tax reports, including Forms 1099 and Wage Forms W-2, for a small processing fee.  New Rule: All 2016 Wage Forms W-2 and Forms 1099 must be filed with the IRS no later than January 31, 2017.

 

  • ü We want to remind you that owner employees that are active MUST withdraw a reasonable salary. Contact us to help compute the net paycheck for the salary level you determine or to discuss adoption of a retirement plan that helps to lower your tax burden and let you keep more of what you earn.

 

  • ü We also want to remind owners of S-Corporations that IRS Notice 2008-1 requires special reporting on Wage Forms W-2 of any amounts paid under the Company’s Section 105 Medical Reimbursement Plan. The entity can pay for health, disability and long term care premiums that are deducted as compensation on Form 1120-S. Amended Wage Forms W-2 may be required to report these medical expenses.

 

  • ü Another compliance issue involves the late filing penalty that will be assessed for ALL tax returns not filed by their due date (including extensions). The law asserts penalties on late filed tax returns, as well as for failing to issue Forms 1099 and Wage Forms W-2.

 

  • ü Another reminder regarding the generous lifetime gift tax exemption: The 2016  $5.4 million exemption is scheduled to increase to $5.49 million per individual for 2017.  The annual gift exclusion amount stays at $14,000 for 2017, same as 2016.  If gifts were made to a single person exceeding the annual amount of $14,000, it will be necessary to file Form 709, Gift Tax Return.   Call your trusted professional tax advisor for help.

EXPENSE REPORT BLUNDERS TRIGGER

UNNECESSARY TAXES

 

Estimated tax tip savings. Imagine this: you (or one of your employees) submit $12,000 of expenses that the IRS deems wages, not expense reimbursements, causing $4,836 in extra taxes.

 

When employees spend money on behalf of your business, you probably reimburse them and deduct the expense.

 

That’s a perfectly acceptable practice – if you’re following the IRS expense reporting rules, which tax law calls the “accountable plan” rules.

 

However, if you don’t follow these practices – and many business owners do not – you’re exposing yourself and your employees to thousands of dollars in additional, unnecessary taxes.

 

Even worse, if you operate your business as an S or a C corporation, you are an employee too, which means the IRS will whop you with this stick from both ends—as both a business owner and an employee!

 

But here’s good news: With some straightforward safeguards in place, you don’t have to worry about additional costs or unhappy employees. In fact, we are going to give you two tools that you can use to seamlessly integrate the accountable plan expense reporting safeguards into your business routine.

 

Reimbursements Versus Wages

 

Normally when you pay an employee, you pay him or her wages, which are subject to employment taxes and income taxes.

 

But wages do not generally include amounts paid to employees to properly reimburse them for expenses incurred in the course of their employment. With a proper reimbursement,

 

  1. you or your corporation deducts the expenses that the employee submits for reimbursement; and

 

  1. the reimbursement is tax-free to the employee.

 

However, without a proper accountable plan, the IRS treats the reimbursements as wages for tax purposes.  Although you or your corporation, as the employer, can still deduct this amount as

compensation, the wage classification triggers additional employment taxes for both the employer and the employee.

 

 

Furious Employees

 

How would you feel if you received an expense reimbursement that turned into fully taxable income – particularly since proper reimbursements are tax-free to employees? Don’t answer yet. This gets worse.

 

First, both the employee and the employer suffer payroll taxes.

 

Second, you deduct the reimbursement that’s now on your W-2 as an unreimbursed employee expense using IRS Form 2106. With the Form 2106 deduction, you (if incorporated) or your employee is going to suffer in one of three ways:

 

  1. No deduction (zero, nada) if you are subject to the alternative minimum tax (AMT).

 

  1. No deduction if you or your employee does not itemize deductions.

 

  1. Deduction only to the extent that miscellaneous itemized deductions exceed 2 percent of adjusted gross income.

 

Corporation Owners Are Employees

 

If you operate your business as an S or a C corporation, you are an employee of the corporation. That means you and the corporation have to follow the accountable plan rules when you incur expenses on behalf of the corporation.

 

Follow the Accountable Plan Rules

 

The accountable plan rules create a roadmap to getting your (and your corporation’s, if incorporated) expense reporting requirements in good order for tax purposes.

 

Tax rules do not require you to create a written accountable plan. However, you or your corporation should put the plan in writing to make it clear and usable both for you and your employees. (And should the IRS come knocking, your written plan puts you in the driver’s seat.)

 

There are four major requirements:

 

  1. Business connection. The expense must be a deductible business expense that arises in the course of business.

 

  1. Substantiation. Employees must submit to the employer all elements of proof that tax law requires for that particular expense.

 

  1. No excess payment. The employee must return any excess advances or reimbursements within a reasonable time, or the IRS will tax that excess payment as wages.

 

  1. Timeliness. Reimbursements and substantiation must be timely, as explained below.

Of course, once you establish the plan, you must also do what the plan says. The IRS

may invalidate the plan if you show a pattern of disregarding the rules.

 

Expense Reports Put It All Together

 

One way to ensure that you and your employees comply with the accountable plan rules is to fill out an expense report after you incur an expense.

 

The law simply requires employees to substantiate their expenses to the employer, not to fill out a formal expense report. However, the expense report is a handy way to ensure that you complete all the elements of proof that the law requires for given expenses.

 

Be On Time

 

You and your employees must complete all stages of the reimbursement process in a timely fashion. The IRS likes your records to be as close in time to the actual expenses as possible – and

this makes for better proof.

 

What does timeliness mean, specifically? The IRS says that timeliness is determined by the “facts and circumstances” of each situation.

 

To help provide some certainty, the IRS gives you safe harbors that it always considers timely:

 

  • Advances made within 30 days of when an expense is paid or incurred.

 

  • Substantiation of expense made within 60 days after the expense is paid or incurred.

 

  • Returns of amounts in excess of substantiated expenses made within 120 days after an expense is paid or incurred.

 

  • Substantiation of expense or returns of excess amounts made within 120 days after the receipt of a periodic statement (if the periodic statement is made at least quarterly).

 

Make certain that you subject your employees to an expense reporting requirement. And if you operate your business as a corporation, make sure that your corporation requires expense reporting by all employees, including you, the owner-employee.

 

If you do this and follow the easy guidelines in the accountable plan rules, you can sleep at night knowing that you are not putting yourself or your employees in tax peril.

 

Tax peril is bad because it makes employees furious. You can create those furious employees when you, because of your or your corporation’s carelessness, made your employees pay more in taxes than they should have.

AVOID TRAPS WHEN BUSINESS LOSES MONEY

 

Cash in on Taxes:

 

Are you expecting to show a loss this year, with deductions that exceed the income, resulting in negative taxable income? The loss can generate valuable tax benefits, as well as cash flow.

 

The first step involves calculating the loss to exclude some deductions, such as personal exemptions and certain non-business deductions. If, at the end of this computation, there is a loss, that loss is considered a net operating loss (NOL), which can provide big tax benefits.

 

Benefit from an NOL using one of two options. The first provides you instant cash and the second provides future savings.

 

The tax rule is that when an NOL is generated in a tax year, it becomes a deduction that you first carry back two years and then carry forward 20 years. The carryback will usually provide you an instant refund from the taxes you paid in a prior year. This is the first way to benefit from an NOL.

 

Example. You have an NOL in tax year 2016. You will first carry back the NOL to tax year

  1. If the 2014 carryback does not use up the NOL, you carry the remainder to tax year 2015.

If the 2015 carryback does not use up the NOL, you carry the remainder forward to 2017, where

you can continue to carry forward and use the NOL year by year for up to 20 years.

 

To take advantage of the carryback, a claim for a refund must be filed related to an NOL within three years of the due date of the return for the loss year. So, if you filed your 2016 tax return with an NOL on April 15, 2017, you have until April 15, 2020, to file a claim for a refund for tax years 2014 and 2015 due to the NOL carryback.

 

The second way to benefit from an NOL is to elect in your tax return to waive the two-year carryback and only carry forward the NOL. Consider forgoing the carryback and electing the carryforward in the following circumstances:

 

  • The carryback would generate minimal or no tax refund.
  • You have no need for immediate cash from a tax refund.
  • The NOL deduction will generate greater tax savings in the future than it would in the prior years (i.e., your marginal tax rate will be higher in the future).
  • You want to reduce your next year’s tax liability due to cash flow issues or so you won’t have to pay estimated tax payments.

 

If you opt to carry the NOL forward, then the election to waive the two-year carryback must be made on a timely filed return. If the return is filed late, you must carry back the NOL.

 

Please call one of our professional tax advisors to help make the decision for the option that

benefits the most.

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HOW TO DEDUCT COSTS FOR STARTING A BUSINESS

 

Are you planning on starting a new business?  Make sure you maximize your tax benefits with this new venture.

 

Instead of waiting until you officially open for business, you can start the timer now on your deductible expenses. The tax law allows you a deduction for start-up expenses. Think of this as the money you spend while thinking about and investigating the business.

 

Here are some common start-up expenses:

  • Travel expenses to gain knowledge from others already in the business
  • Entertainment expenses to pick the brains of friends and business acquaintances
  • Training expenses
  • Costs incurred in analyzing the market conditions
  • Purchasing books or magazines about the business
  • Certain automobile expenses
  • Office supplies to use in the business
  • Advertising fees for the opening of your business
  • Wages paid to consultants or employees

 

If you eventually operate the business as a corporation or partnership, you can include even more expenses, known as organization costs. These are costs incurred for the creation of the business. Examples are legal and accounting fees, incorporation fees, temporary director expenses, and the cost of organizational meetings.

 

While you can start accruing your expenses as soon as you begin thinking about going into business, you don’t get deductions until you officially begin an active business.

 

The actual application of the tax break: The tax law allows a deduction up to $5,000 of start-up expenditures in the year in which your business becomes active.  The immediate $5,000 write- off is reduced dollar for dollar for any start-up expenses exceeding $50,000.

 

Any start-up expenses not deducted immediately can be amortized on a straight-line basis over 180 months, beginning with the month the business begins.

 

Example 1. Say you are a calendar year taxpayer and spend $5,000 on start-up expenses relating to a business that is up and running on May 1, 2017. You deduct the $5,000 in 2017.

 

Example 2. The facts are the same, but instead of spending $5,000 on start-up expenses, your total outlay amounts to $41,000. In 2017, you deduct $5,000 plus the portion of the remaining $36,000 allocable to May-December, or $1,600 ($36,000/180 x 8).

 

Example 3. Same facts, but this time your total expenses are $54,500. Because your start-up expenses exceed $50,000, your 2017 deduction equals $500 ($5,000 – $4,500) plus that portion of the remaining $54,000 allocable to May-December, or $2,400 ($54,000/180 x 8).

 

If you have any questions on the application of these rules, please do not hesitate to contact one of our professional tax advisors.

 

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PROSPECTS FOR TAX REFORM

 

How do the election results affect the likelihood of tax reform?

 

As a result of the recent elections, Republicans are set to maintain their majorities in both the House and the Senate in 2017, but by a narrower margin than in the current Congress. More specifically, there are expected to be: (1) at least 240 Republicans and 194 Democrats in the next House of Representatives (compared to 247 Republicans and 188 Democrats in the current House); (2) at least 51 Republicans and 48 Democrats in the next Senate (compared to 54 Republicans and 46 Democrats in the current Senate). One House race and one Senate race are still undecided.

 

Given that Republicans also will control the White House as of January 20, 2017, Republicans have the opportunity to show that they can get things done—and tax reform appears to be one of the policy areas in which this might be possible. Both President-elect Trump and congressional Republicans have advocated significant tax law changes and share the same ‘big picture’ goals of reducing tax rates for businesses and individuals. Further, considerable pressure for business tax reform has been building in the last decade and control of the White House and both chambers of Congress by the same party may make business tax reform—as well as individual tax reform—easier than with divided government.

 

So, expect legislative consideration of tax reform to heat up as a result of the elections.  Indeed, in the relatively short time since the elections, key congressional Republicans already have indicated that tax reform will be high on the legislative agenda early in the Trump Administration.

 

What is the likely timing?

 

With the election just barely in the rear view mirror, House Republicans are looking to move tax reform quickly. At an event sponsored by Bloomberg BNA and KPMG on November 15, 2016, Kevin Brady (R-TX), the Chairman of the House Ways and Means Committee, suggested that reforming the tax code could be addressed early in the Trump Administration. Thus, it is possible that Ways and Means may begin to markup tax reform legislation fairly early in 2017. If so, technical details and statutory language for a Ways and Means bill might be available in the winter or spring of 2017.

 

Timing of action in the Senate and in a possible conference committee is unclear. How quickly or slowly the process moves may turn on a number of factors, including what other legislative items are priorities for the administration and Congress. Further, unlike the House Republicans, the Senate Republicans do not have their own “blueprint” to serve as the starting point for their version of tax reform and can be expected to address the complex issues associated with tax reform in a collaborative and deliberate process. Therefore, there could be considerable delay between House and Senate action.

 

Details Of Trump’s Tax Change Proposals

 

TAX RATES.  Individual tax brackets will go from 6 brackets to just 3 including 12%, 25%, and 33%.

 

Corporate tax rates will be at a fixed flat rate of just 15%.

 

DEDUCTIONS.  New deductions for health premiums, child care costs and dependent care savings accounts. Itemized deductions will be limited to just mortgage interest and charitable gifts and all will be limited by a cap of $100,000 for individuals and $200,000 for joint filers

 

REPEAL.  The Affordable Care Act, Alternative Minimum Tax, Gift & Estate Tax, stepped-up basis on gains over $10 million, and most business tax incentives are being considered for repeal.

 

STRATEGIES TO REDUCE TAX BEFORE TRUMP TAKES OFFICE

 

President-elect Trump’s camp has shared tax reform is a priority for his first 100 days in office. While it’s always recommended to do Proactive Tax Planning prior to the end of the year, as 2016 comes to an end, it’s essential to not only plan for 2017 changes but also to prepare for anticipated reform after the inauguration.

 

BE CAREFUL ABOUT DEFERRING INCOME!  Generally it’s preferred to defer taxable income as long as possible. The idea is, you have more money to use in the interim, and you never know what the future holds, your tax rate just might be lower when it’s time to pay Uncle Sam. This year, we can’t afford to defer without strategic planning. While tax rates are proposed to decrease (our current highest tax bracket is 39.6%, Trump’s proposal would lower this to 33%), don’t defer that income just yet! While delaying receipt of your year-end bonus by a week or two might represent a 7% decrease in tax for those in the highest tax bracket, some taxpayers might see a tax increase from this same tactic! Individuals, for example, who earn between $127,500 and $200,500 will see their taxes increase by 5% as the brackets change under the proposed law from 28%-33%.

 

Examining the tax brackets is one thing, but what is less certain, is the impact of eliminating some long time popular deduction items. Under the current proposal, all deductions save mortgage interest and charitable contributions would be eliminated; and all deductions will be limited to just $100,000 for individuals and $200,000 for joint filers. Without the usual reductions, taxpayers may find themselves in a higher tax bracket than usual, resulting in higher tax. Meanwhile, even if it appears that lower rates are guaranteed for those subject to the highest tax rates, without valuable write-­offs, taxpayers may find more of their income is actually subject to tax, resulting in higher effective rates even if marginal rates have decreased.

 

 

ACCELERATE CAPITAL GAINS.  While Trump does not propose a rate change to capital gains taxes (the current proposal includes keeping the 0%, 15%, and 20% long term capital gains rates), the threshold at which you reach the top rate of 20% is much lower! In 2016 while individuals won’t see a 20% long term capital gains tax rate of 20% until their taxable income reaches $425,400 ($487,650 married filing joint) under the new plan, individuals reach the top rate when income is just $127,500 ($255,000 married filing joint). Given this possibility, it may be advantageous to sell those appreciated capital assets before New Year‘s Day and pay an even more preferential rate; saving 5% if your income is less than $425,400 ($487,650 single).

 

CONSIDER CHANGING YOUR WORKER CLASSIFICATION.  Employees beware! While current tax law allows an individual to earn up to $425,400 ($487,650 joint) before the highest tax bracket kicks in, under the proposed plan, the top tax rate of 33% is assessed on taxable incomes of just $127,500 ($255,000 joint).

 

Alternatively, Trump has proposed that all business income will be taxed at just 15%, creating a strong reason to consider freelancing! Using the independent contractor status and abiding by the criteria the IRS uses to determine whether workers are employees or contractors, taxpayers can cut tax by more than half for those paying 33% when they swap their earnings from a W-2 to a form 1099.

 

CONSIDER MAKING THOSE CHARITABLE GIFTS BEFORE THE LAW CHANGES.

While the proposed changes provide for charitable deductions, overall deductions are limited to just $100,000 for individuals ($200,000 joint). If your total deductions exceed these limits now, your gifts can become more valuable just by making them this year before a cap is enforced.

 

SAY GOODBYE TO DEPRECIATION!  The long time practice of deducting the cost of business assets over a period of years known as its useful life may be nearing the end of its own useful life! Even with bonus deduction amounts under Code Sections 168 and 179, Trump is suggesting allowing any asset purchases to be deducted in full the year of purchase. If you aren’t able to deduct all your asset purchases in 2016, you may be better off waiting until January 1, where you just might be able to write it all off next year.

 

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TAX    ACCOUNTING    ADVISORY

                                                                                                                                                           

 

Providing a wide array of specialized non-traditional solutions plus offering traditional CPA services including:

 

  • Real Estate Transactions

 

  • Entity Structuring

 

  • Asset Protection Solutions

 

  • Tax & Business Advisory

 

  • Strategic Tax & Business Planning

 

  • Comprehensive Accounting Solutions including data and payroll processing

 

  • Representation for Resolution of Tax Problems involving levy, liens, audit defense, payment plans, un-filed tax returns, penalty abatement and offer in compromise.

 

  • Tax Return Preparation for individuals, investors, professionals, real estate and business owners, Corporations, Partnerships, Trusts and tax exempt organizations.

 

Our experienced team of dedicated Professional Accounting Associates are committed to providing personal attention, quality work, reliable, proactive, helpful services and solutions to make complex accounting and compliance tasks easier, gain greater financial control and increase profitability by providing timely, accurate and complete accounting, data and payroll processing services.  This allows you more time to focus on growing your enterprise.

 

Professional Tax Associates consult on all aspects of tax compliance, advisory and planning, as well as, Tax Return preparation and Tax Problem Resolution Specialized Solutions.  These tax related services are provided by Zerjav & Associates, Certified Public Accountants, which has an alternative practice structure that is a separate and independent entity which works together with Advisory Group Associates to serve clients’ needs.

 

Our Core values include: Accountability, Accuracy, Collaboration, Commitment, Efficiency, Integrity, Passion, Quality, Respect and Service Excellence offered by our team of Professional Tax & Accounting Associates.

 

Our primary objective is the well-being of clients, their family and their survivors

as well as their satisfaction with the work we do, while our goal is to be the premier choice of Tax & Advisory firms, not the biggest firm, by sharing solutions that deliver real value.

 

 

Are we providing the Tax, Advisory & Accounting services you want?

 

How may we better service you?

Your opinion matters!

 

For More Information, Contact by phone or email

(314) 205-9595 or toll free (888) 809-9595

 

Info@advisorygroupassociates.com

 

Our professional service offerings are tailored to each stage of a client’s tax life, from basic compliance and tax return preparation, where our process is imperative to minimizing costs, to many complex circumstances, where both our process and specialized knowledge is the key to successful results and the best outcome.

 

Our complimentary monthly electronic newsletter to subscribers provides comprehensive and timely insight on a wide range of taxation issues including federal and state tax incentives and current issues.

 

We also offer an initial complimentary consultation to help identify proven tax-smart strategies, options and solutions that deliver real value for the professional services needed based upon the particular situation of any taxpayer.

 

 

Our Mission:   Sharing Solutions that deliver a real value.

 

 

 

 

 

 

 

 

 

NOTICE: This “TAX TIPS NEWSLINE” publication is designed to provide accurate and authoritative information regarding the subject matters covered.  The information contained herein have been compiled from sources considered reliable.  Advisory Group Associates’ Tax & Advisory firm staff and associates do not receive fees or commissions for any recommendations of service providers, professionals or products nor offer any investment recommendations which carry inherent risks.

 

If you are not the original addressee of this communication you must delete this message from your computer system.  Any disclosure, copying, distribution of this communication or the taking of any action based on it is strictly prohibited.

 

You have received this communication because you may have agreed to receive correspondence from this office.  If you no longer wish to receive this newsletter, or you need to update your email address you must respond to this e-mail and place “UPDATE INFORMATION” in the subject line.

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