At Smith Bookkeeping Financial Services LLC, we work side-by-side with our clients and tailor our services to fit their specific needs. We combine personal attention and access to the highest levels of technical expertise and specialized knowledge. Timely communication and responsiveness are hallmarks of our client relationships. All of these attributes support our objective of helping you reach your financial goals.

We pursue excellence by staying on top of current developments and technologies. We stay abreast of industry issues and observe the marketplace to provide service and advice tailored to your specific needs and goals. We use our experience and resources to develop industry insights and specialized skills that allow us to bring maximum value to your projects. Together all of these factors allow us to deliver superior service and act as a trusted business advisor.

A detailed listing of the services we provide is set out below. Take a look at what we have to offer and how we can help you or your business.

Tax Preparation

At Smith Bookkeeping Financial Services LLC, we assist our tax clients through efficient compliance and effective planning to help them realize substantial savings. We use a team approach and focus on timely communication to provide our clients with excellent service. Tax partner and specialist involvement ensures that our clients receive the most experienced technical expertise we have to offer.

We offer the following tax services:

Federal, State, and International Business Tax Services

Tax Return Compliance

Preparation of federal, state, and international tax returns is the core of our tax services. High levels of technical and industry-specific expertise allow our tax professionals to ensure our clients’s tax returns are prepared efficiently and timely.

Real Estate Cost Segregation Studies

At Smith Bookkeeping Financial Services LLC, we have proven cost segregation strategies that can be used to accelerate real estate tax depreciation deductions for businesses. This results in a deferral of taxes which in turn increases cash flow.

Cost segregation works by separating property costs from the building, land acquisition, or construction costs. This benefits your business because the property has a shorter useful life for depreciation purposes when it stands on its own than when it is combined with the longer-lived building or land.

There are certain limitations surrounding cost segregation. It can only be performed on buildings constructed, acquired, enhanced, or expanded in 1986 or later. Additionally, certain industries tend to have buildings with the most potential for tax deferral and improved cash flows. These industries include but are not necessarily limited to the following:

• Auto dealerships
• Hospitals and medical facilities
• Industrial facilities
• Manufacturing facilities
• Office buildings
• Retail stores and shopping centers
• Apartment or condominium complexes
• Supermarkets and restaurants

Audit & Appeal Representation

We possess the expertise and experience to represent taxpayers before tax authorities. Our tax professionals understand the dispute resolution and appeals process and work diligently to obtain the most favorable results.

State and Local Tax Specific Services

Sales and Use Tax Determination

We can help you understand the sales and use tax consequences of specific transactions and ensure you meet any filing requirements.

Tax Planning Services

Strategic Tax Planning to Minimize Your Liability
At Smith Bookkeeping Financial Services LLC (SBFSLLC), we go beyond tax preparation—we provide proactive tax planning strategies designed to reduce your tax burden legally and help you keep more of what you earn.

Our tax planning services are built for individuals, business owners, and real estate investors who want to make informed financial decisions year-round—not just at tax time.

What Is Tax Planning?

Tax planning is the process of analyzing your financial situation and implementing strategies to minimize taxes before the year ends. Unlike tax preparation, which focuses on filing past returns, tax planning is forward-looking and designed to optimize your future tax outcomes.

Our Tax Planning Services Include:

• Income & Tax Liability Analysis
• We review your income, deductions, and credits to identify opportunities to reduce your overall tax liability.
• Estimated Quarterly Tax Calculations
• Accurate federal, state, and local estimates to help you avoid penalties and stay compliant.
• Business Tax Strategies
• Guidance on entity structure (LLC, S-Corp), salary vs. distributions, and expense optimization.
• Real Estate & Rental Property Planning
  Specialized strategies for landlords and investors, including depreciation planning, cost segregation opportunities, and passive activity considerations.
• Retirement & Investment Planning
  Strategies involving retirement contributions (IRA, SEP, Solo 401(k)) to reduce taxable income.
• Multi-State & Local Tax Planning
  Expert planning for Pennsylvania, New Jersey, and local jurisdictions, including Philadelphia BIRT and Net Profits Tax.

Who We Serve

• Individuals & Families
• Small Business Owners
• Independent Contractors & Self-Employed
• Real Estate Investors & Landlords
• Multi-State Taxpayers

Why Choose SBFSLLC for Tax Planning?

Proactive, year-round tax strategy (not just filing)
Specialized in real estate and small business taxation
Strong knowledge of Pennsylvania & New Jersey tax laws Personalized planning tailored to your financial goals Clear, easy-to-understand guidance

The Benefit of Tax Planning
With proper planning, you can:

• Reduce your current and future tax liability
• Avoid underpayment penalties
• Improve cash flow
• Make smarter financial decisions
• Stay compliant with federal, state, and local tax laws

📞 Schedule Your Tax Planning Consultation
Take control of your tax situation today

Federal Income Tax Planning

We aid businesses with all aspects of federal income tax planning. This includes implementing federal income tax strategies that maximize savings, increase profits, and manage cash flows.

State and Local Tax Planning

Our team understands the structural and transactional underpinnings of state and local regulations in ways that allow us to create solutions that mitigate tax liabilities. We provide state and local tax planning in the following areas:

• Income tax
• Franchise tax
• Sales and use tax
• Property tax
• Other miscellaneous taxes

Business Succession Tax Planning

You spent your life building your business, and now you want to pass it on to the next generation or sell the value you built. We advise businesses on the proper succession planning to preserve their family and business legacy while also looking out for potential tax consequences that may result.

Other Tax Services – Tax Preparation

Accounting for Income Taxes

Accounting for income taxes can be complex. Our professionals have the technical skills and experience to help our clients navigate these complex requirements and create efficient income tax accounting and reporting. We also help companies stay up-to-date with regulatory guidance and disclosure requirements. The services we offer allow our clients to minimize year-end surprises and reduce risk related to reporting.

Tax Updates

We keep our clients up-to-date on the latest federal, state, and international tax issues through webinars, newsletters, website postings, and face-face meetings. By staying ahead of tax issues, we can promptly communicate how they will impact your operations and address them promptly.

Individual Tax Services

When it comes to individual taxes, change provides opportunity. We keep on top of these changes to provide you with the best advice and strategies, especially through planning opportunities. You can depend on us for objective guidance and personal attention. We believe in focusing on your long-term financial goals and steering your current needs in a direction to meet them.