What's included

• Tax return, Tax Planning

  The deliverables for tax return and tax planning services can vary based on the specific services offered by a tax professional or firm. Here are common deliverables for each: Tax Return Services: Completed Tax Returns: Accurate and fully prepared tax returns for individuals, businesses, or other entities. Documentation: Clear and organized documentation supporting income, deductions, credits, and other entries on the tax returns. E-filed Returns: Electronically filed tax returns for faster processing and confirmation of submission to tax authorities. Acknowledgments and Confirmations: Any acknowledgments or confirmations received from tax authorities confirming the timely filing of the tax returns. Audit Support Documents: Documentation and support materials to assist in the event of an audit, providing evidence for entries made on the tax returns. Explanation of Entries: A breakdown and explanation of key entries, calculations, and any complex aspects of the tax returns. Refund or Payment Details: Details regarding tax refunds, if applicable, or information on tax payments due. Instructions for Future Compliance: Recommendations and instructions for maintaining compliance in the future, including estimated tax payments or changes to withholding. Tax Planning Services: Tax Strategies Report: A comprehensive report outlining recommended tax strategies tailored to the client's financial situation and goals. Projected Tax Liability: Estimates of the client's projected tax liability based on current financial information and proposed tax planning strategies. Deduction and Credit Maximization Plan: A plan to maximize eligible deductions and credits to optimize the client's tax position. Entity Structure Recommendations: Recommendations for the most tax-efficient entity structure for businesses, considering factors such as income, expenses, and future growth. Timing of Income and Expenses: Strategies for timing the recognition of income and expenses to minimize tax liability. Investment Tax Planning: Recommendations for tax-efficient investment strategies, considering capital gains, losses, and other investment-related taxes. Retirement Planning Suggestions: Both tax return and tax planning services aim to provide clients with a comprehensive understanding of their tax situation, ensuring compliance and identifying opportunities for tax savings.