Paying taxes isn’t usually something that most people look forward to, which is why it can be a challenge to spend time thinking about them before you absolutely have to. But simple tax planning tips that you start using today can really pay off when your tax bill is due. Check out this expert advice on easy ways to get started.

It’s Never Too Early or Too Late to Start

By making contributions to certain accounts, such as retirement accounts or some kinds of investment accounts, you can reduce your taxable income by deferring it to a future time. Making regular deposits is best, but even a last-minute deposit before the annual deadline counts, so keep this in mind as you consider the tax benefits of deferred income.

Keep Good Records

Preparing taxes is stressful, and it can feel even more intense if you’re anxious about missing forms and data. If you commit to holding and organizing the records you need for tax prep throughout the year, it will be easier to not only put together your tax return but also ensure that you get all of the deductions and credits you may be eligible for. 

Work with a Skilled Accountant

An accountant can help you develop a reasonable estimate of what you’ll owe and work with you on ways to reduce that tax liability through deferrals, deductions and other strategic money moves. You’ll also have someone in your corner if you need to find a way to pay more taxes than you expect; your accountant can help you decide what your best options are based on your available assets.

Want More Tax Planning Tips and Personalized Advice in Las Vegas Valley?

S.J. Meyer & Co. serves clients with impeccable accounting and auditing, tax planning and preparation, and business set-up and planning assistance, as well as Quickbooks consulting. As highly rated financial professionals with a long-standing reputation for attentive service and dedication to our clients’ needs, we welcome your questions about wealth management, estate planning, business taxes, tax planning tips and more. Contact us today for reliable help you can count on.

Individualized Tax Planning Tips from Experts Serving Las Vegas Valley

Serving Las Vegas Valley, Summerlin & Henderson

Posted on April 30, 2022 | Published by Ignite Local | Related Local Business

No one wants to think about a day when they’re no longer here for their family. However, estate planning allows you to do things now that provide for them later. There are multiple factors to consider, especially when it comes to tax concerns, and each of them can ultimately decrease the value of the assets you leave behind. Learn how working with qualified experts is so valuable.

Preserve Your Wealth

Your wealth may change over time as you think about retiring, your children grow and have families of their own, or your marital status changes. Expert planning reduces later financial obligations through trusts and other financial instruments to help your family keep more of your money after your death. 

Protect Your Assets

A skilled financial planner advises you on savings and tax planning strategies to maximize the value of your accounts. You’ll also ensure your family’s peace of mind because your paperwork will be completed and filed accurately to avoid any possible future penalties or fines. 

Avoid Costly Disputes or Delays

With careful planning, your family has cash as needed to pay for your funeral expenses and everyday living expenses until life insurance claims are settled. Your planner will also assist you in designating assets for your family’s long-term needs, such as college costs for your children or grandchildren. Working with an expert, you can make sure everything is ready and straightforward to minimize stress for your family. 

Are You Ready to Begin Estate Planning in the Las Vegas Valley?

S.J. Meyer & Co. serves clients with impeccable accounting and auditing, tax planning and preparation, and business set-up and planning assistance, as well as Quickbooks consulting. As highly rated financial professionals with a long-standing reputation for attentive service and dedication to our clients’ needs, we welcome your questions about wealth management, estate planning, business taxes and more. Contact us today for reliable help you can count on. 

Estate Planning Experts Serving Las Vegas Valley with Distinction

Serving Las Vegas Valley, Summerlin & Henderson

Posted on March 30, 2022 | Published by Ignite Local | Related Local Business

You count on the money you’ve earned and saved to provide for your needs when you retire, empower you to pursue your passions, and take care of your family after you’re gone. That’s why you need expert assistance with wealth management. While there are several strategies that may be used to achieve your goals, one of the most important is smart tax planning.

Reduce Your Tax Liability

Tax planning looks at all of the deductions and credits that are appropriate to your needs and leaves none of them on the table. As tax laws change over the years, you’ll want to reassess these yearly. Make sure you’re still eligible for the ones you’ve claimed before, and explore new deductions and credits you may be permitted.

Lower Your Taxable Income

By making the best use of pre-tax dollars–such as putting money into your retirement accounts–you may pay a lower tax rate. Decisions like these have the added benefit of improving your financial outlook upon retirement. 

Talk to Tax Planning Experts

By working with a tax professional, you can be assured of getting the most up-to-date advice and guidance from someone who knows what they’re talking about. Regular assessment of your tax planning efforts is the best way to make sure those strategies are still working for you even as your income, deductions, and goals may change.

Ready to See How Tax Planning Can Improve Your Wealth Management in Las Vegas?

S.J. Meyer & Co. is pleased to offer tax planning and wealth management services based on our decades of experience and insight into tax laws, including recent changes. Our clients enjoy trusted assistance with accounting and auditing, tax planning and preparation, and business set-up and planning. We also offer Quickbooks consulting to our clients who are unfamiliar or not confident in using this software themselves. When you need answers about wealth management, your tax expert is a great first stop, so contact us today.

Take Charge of Your Wealth Management in Las Vegas

Serving Las Vegas Valley, Summerlin & Henderson

Posted on March 4, 2022 | Published by Ignite Local | Related Local Business

If you’re like most people, the idea of getting audited by a state or federal tax agency is extremely stressful. You might feel very vulnerable and unsure of what your risk level is. Hiring a professional accountant for tax auditing help can ease your fears and allow you to feel confident about the financial returns you provide to the state and federal governments. If you’ve never paid for this kind of tax service before, here’s what you need to know.

What Is a Tax Audit?

When an audit is performed on your tax returns, an accounting professional reviews your documents to ensure you’ve been assessed the appropriate taxes and paid them in full. Among the things your accountant will examine are your deductions.

Why Do You Need One?

An audit identifies areas of concern so you can address them before they are flagged as a problem. You may avoid penalties and fines, and in extreme cases, the potential for criminal charges if deliberate deception is alleged. An audit also verifies the accuracy of your own record-keeping for precise business planning.

Who Do You Call for This Service?

Count on a skilled accountant with sufficient experience to do the job thoroughly and accurately. A CPA (certified public accountant) who specializes in audits has a good understanding of what tax agencies are looking for and can also answer all your questions fully.

Would You Benefit from Expert Tax Auditing Services Near Henderson?

J. Meyer & Company has the experience you need for accounting and auditing work. As a highly rated firm that’s served our community for decades, we are proud to offer tax planning and preparation, business set-up and planning, and Quickbooks consulting, too. If you may be at risk of being audited, don’t leave your case open to luck. Contact us for tax auditing so you can gain real peace of mind when it comes to your financial returns.

Trusted Tax Auditing Help for Henderson Area Clients

Serving Las Vegas Valley, Summerlin & Henderson

Posted on February 1, 2022 | Published by Ignite Local | Related Local Business

Whether you’ve accumulated your financial resources as a hardworking individual or through dedication to your own business, you’re probably interested in safeguarding your assets. Turning to an accountant for professional wealth preservation is one of the most reliable ways to ensure you have what you need to support today’s goals and tomorrow’s dreams. Learn how an accountant can help.

Enjoy Pro-Active Tax Planning

Your accountant works with you to ensure your tax obligations are met without penalty while maximizing your savings. Tax laws change frequently, and mistakes are costly, so having someone you can count on who knows the details of state and federal tax codes is important.

Get Wise Advice for Business Planning

When you’re setting up your company or it’s grown to the point where mergers or acquisitions may be on the table, understanding the short- and long-term implications of your decision-making can make or break your business. Talking to your accountant helps identify goals and risks you might not have considered.

Financial Analysis You Can Count On

A big-picture view of your accounts in total helps you get an objective view of your financial health. A knowledgeable accountant helps clients with deep financial analysis that includes your balances, interest rates and more. You’ll better understand your potential for wealth accumulation through investments and minimize financial risks. 

Gain Peace of Mind Through Wealth Preservation in the Summerlin Area

J. Meyer & Company has the years of expertise you want in an accountant who can support your financial goals. For more than 30 years, the company has provided the highest standards of service to individual clients and business clients through accounting, auditing, tax planning and business planning. If you want to ensure wealth preservation for long-term comfort, contact us for prompt and trustworthy assistance.

Expert Accounting Assistance for Wealth Preservation Near Summerlin

Serving Las Vegas Valley, Summerlin & Henderson

Posted on January 4, 2021 | Published by Ignite Local | Related Local Business

Learning that your company is going to have your tax return audited is news that no one wants to get. The best way to make sure your company is prepared for this is by taking steps to get a good handle on your business finances now. Here’s how you can prepare for a tax audit.

Submit Your Tax Returns By the Deadline

It’s easy to get overwhelmed with all of the things you need to keep track of as a business owner. But staying on top of your tax reporting obligations is important for two reasons. It keeps you in the good graces of the IRS, and it forces you to look at your books regularly to catch errors and omissions so they can be corrected promptly.

Keep Detailed Records to Document Business Income and Expenses

While it’s not uncommon for a business to lose money, if the losses are significant, the IRS may want to learn more. You don’t need to keep every piece of paper, but it’s vital to understand what business records are valid to demonstrate business activity such as deductions for tax reporting purposes.

Work with a Qualified Tax Professional Regularly

Strong business planning, tax preparation and auditing of your business can improve your understanding of your company’s position and reduce the chances of a tax audit. It’s great to have someone who can prepare your tax return for you after you drop off your business records and receipts. But if you’re only calling your accountant at tax time, you’re missing out on their professional expertise throughout the year.

Do You Need Tax Audit Assistance in Las Vegas Valley?

S.J. Myer & Co. has more than 30 years of experience in business tax planning and preparation, as well as accounting and auditing. Our clients benefit from our depth of knowledge and rigorous quality control processes, too, giving you confidence in our work throughout our business relationship, from business set-up to Quickbooks consulting. If you have concerns about an audit or just want to be ready for the possibility of one, contact us today for expert assistance.

Tax Audit Preparation for Your Las Vegas Valley Business

Serving Las Vegas Valley, Summerlin & Henderson

Posted on December 27, 2021 | Published by Ignite Local | Related Local Business

There’s a lot that goes into running a successful company, and a big part of that is effective tax planning for business owners. Free up the time you spend worrying about your taxes and work with a professional to address your company’s tax obligations. Here are just three great reasons ways an experienced tax professional can improve your bottom line.

Reduce Your Tax Liability

With the assistance of a tax professional, you can identify effective ways to minimize the taxes you owe, which can leave you more cash for operations, improvements and expansion. Whether you use Quickbooks for your bookkeeping or another method, a skilled tax pro can review your books and make actionable recommendations.

Create a Workable Budget

Part of managing your business well is being able to meet your expenses and save some cash for emergencies. A business tax expert helps you look at your income and expenses to craft a budget that ensures all of your needs are met, including paying required taxes on time.

Minimize Errors

Preparing your company’s tax returns is challenging because tax laws change so frequently. Fortunately, tax professionals are well-informed about these revisions to the tax code and how those revisions affect your business. Reduce your risk of an audit by consulting with a tax professional instead of trying to do it yourself.

Do You Need Help with Tax Planning for Businesses Near Las Vegas Valley?

S. J. Meyer & Co. offers local businesses highly skilled assistance with accounting and auditing, tax planning and preparation, business set-up, business planning and even Quickbooks consulting. With more than 40 years of service, we provide reliable and high-quality guidance to all of our clients, including the Las Vegas Valley Chinese business community. Contact us today with all your tax planning for business questions.

Experienced Tax Planning for Business in Las Vegas Valley

Serving Las Vegas Valley, Summerlin & Henderson

Posted on October 30, 2021 | Published by Ignite Local | Related Local Business

As a small business owner, your days are filled with sales, marketing, logistics and other pressing concerns. Keeping your company’s books may not be your strength, and that makes it easy for mistakes to creep in. Why not count on business accounting services to help take care of the financial aspects? There are multiple reasons why hiring professional help can actually save you money in the long run.

Make Better Business Decisions

If you own your company or manage it for the owner(s), you’re probably the one responsible for its financial management. Having financial systems in place and knowing how to view and use them is imperative for maintaining and growing the health of the enterprise. Once they’re properly set up, a certified Quickbooks Expert can help you understand and use your systems, deepening your knowledge and ability to make good financial decisions.

Compliance

Tax laws change frequently, and making mistakes when it comes to taxes can be costly. Concerns over your company’s books can also lead to an audit, which can be extremely stressful. Getting help preparing your financial records will ensure you’re documenting income appropriately and avoiding over- or under-payment.

Free Up Your Time

When it comes to business accounting services, the greatest benefit may be in how much it frees you up from handling accounting tasks. Instead, as a business owner, you can concentrate on running your company, leaving these critical tasks to trained professionals.

Do You Need Business Accounting Services Near Henderson?

S. J. Meyer & Co. offers local businesses a wide range of tax planning and preparation and related services, including accounting and auditing, business set-up and Quickbooks training. Our highly skilled team has decades of experience and rigorous quality control processes in place so you can be assured of our commitment to excellence. Contact us today for business accounting services tailored to your needs, and see how the benefits can improve your company’s bottom line.

Expert Business Accounting Services Assisting Small Businesses in Henderson

Serving Las Vegas Valley, Summerlin & Henderson

Posted on September 30, 2021 | Published by Ignite Local | Related Local Business

Quickbooks is a powerful and versatile software tool that can help you accurately and easily conduct your financial management. Unfortunately, it can be initially difficult to navigate without a little help. Hiring a certified consultant to get you set up properly and teach you how everything works can be one of the best business investments you can make Consider these 3 benefits of Quickbooks consulting for your business in Summerlin or anywhere in the Las Vegas Valley.

Properly Establish Your Company’s Books 

If you own your company or manage it for the owner(s), you’re probably the one responsible for its financial management. Having financial systems in place and knowing how to view and use them is imperative for maintaining and growing the health of the enterprise. Once they’re properly set up, a certified Quickbooks Expert can help you understand and use your systems, deepening your knowledge and ability to make good financial decisions.

Customize Quickbooks to Your Needs

Every business is different, and your financial software must be tailored to your unique needs in order to serve you best. Quickbooks is highly customizable. Professional Quickbooks consulting can guide you through you setting up the software to give you the maximum amount of help.

Free Up Your Time

As a business owner or manager, your time is a precious commodity. Spending hours and hours trying to learn by trial and error how your accounting software works can be a big time-consumer and be very frustrating. Hiring a certified Quickbooks expert streamlines the process and flattens the learning curve so you can begin expertly managing your financials from the get-go.

Need Quickbooks Consulting in Summerlin?

If these 3 benefits of Quickbooks consulting resonate with you, the experts at S. J. Meyer & Company can help you get set up and teach you to use the software to meet your individual financial management and reporting needs. We also offer accounting and auditing, tax planning and preparation, and help you set up your business. Contact us today if you need help, and feel free to take advantage of our handy tax form download links!

Consider These 3 Benefits of Quickbooks Consulting for Your Summerlin Business

Serving Las Vegas Valley, Summerlin & Henderson