Tax Preparation Philadelphia

At Smith Bookkeeping Financial Services LLC, we assist our tax clients through efficient compliance and effective planning to help them realize substantial savings. Tax Preparation Philadelphia PA. We use a team approach and focus on timely communication to provide our clients with excellent service. Tax partner and specialist involvement ensure 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’ tax returns are prepared efficiently and timely.

Transactional Structuring

We help businesses structure economic transactions in ways that minimize the tax impact by advising them on acquisitions, sales, and mergers.

Accounting Method Reviews

We review businesses’ tax accounting methodologies for proper accounting and accounting method strategies to maximize income tax benefits.

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 you 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 requirement.

Tax Planning Services

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.

Tax Preparation Philadelphia

Accounting for Income Taxes

Financial 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. These services include:

• Calculation of tax provisions
• Account for uncertain tax positions
• Analyze current and deferred taxes
• Prepare financial statement footnote disclosures.
• Tax Preparation Philadelphia
• Bookkeeping

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.