Even though tax season may seem very far away, now is the best time to take advantage of tax preparation. It is important to understand the necessary factors when it comes to everything you need to know for taxes. Here at SmarTax, our professionals are here to ensure you get all the information you need to move forward and get the biggest return. When it comes to “tax services near me” we are the ones to trust. We are conveniently located in Pembroke Pines.
Common Phrases To Know
- Earned income– Salaries, wages, tips, and professional fees, including taxable scholarships and fellowship grants.Unearned income– Investment-type income like interest on your savings account, dividends, and capital gains, as well as unemployment compensation. Gross income– All income you received in the form of money, goods, property, and services that is not exempt from taxes.
- Exemptions– A predetermined amount of money you can deduct from your taxable income for basic living expenses. You, as an individual, may be an exemption, and dependent children (which you probably are to your parents) qualify as exemptions.
- Standard deduction– A set amount of money that the federal government gives you if you meet certain stipulations. It differs according to marital status.
- Itemized deductions – There are six main categories of expenses that can be deducted: medical and dental, taxes, interest, charitable contributions, and casualty and theft losses. Itemized deductions reduce the amount of tax you owe.
- W-2 Forms – Wage-income forms that you receive from employers in order to prepare your taxes.
- Filing status – Whether you are single, married, or head of household. There are several sub-categories within each of these as well.
Take Advantage of Tax Services Near Me
Not only can SmarTax help with your personal and business tax preparation, but we provide superior bookkeeping services, which can help you stay on top of your finances throughout the year rather than leaving everything for the last minute. We offer full-service bookkeeping at an affordable price, making it accessible to everyone who could use extra help. Our services are great from small and medium-sized companies as well as anyone who is self-employed. Especially if the organization doesn’t need a full-time bookkeeper, but could use an extra set of eyes when balancing and organizing their books. With this service, it is our goal to help business owners concentrate on running their business and leave their taxes and compliance tasks to us. We want to make sure our clients are successful, which means taking over some of the tax responsibilities that can be hard to handle and understand. We want to manage your finances so you can manage your business and personal life.
At SmarTax, our number one priority is to make sure that you get the best possible tax service. Here at SmarTax, we offer a variety of tax services for your business. We are able to give you a monthly statement of revenues and expenses, providing you with a monthly profit and loss statement to assist you in monitoring your business better, hone in on trends as they develop, and strategize for the future.
Visit Us For Tax Preparation
When it comes to “tax services near me,” we are the experts to trust. It is very important to know these important factors when it comes to taxes. It is all part of tax preparation. We are here to help, especially when it comes to an understanding of small business accounting. SmartTax, LLC in Pembroke Pines want to ensure you are ready and informed when it comes to your bookkeeping services. Call or visit our experts today for more information. We take pride in offering the “best tax service near me”!