200 Plantation Chase
St. Simons Island, GA 31522
Tax Preparation
Tax Preparation
Graham | Adams helps with tax preparation by ensuring your tax returns are accurate, compliant with tax laws and optimized to minimize your tax liability. We assist both individuals and businesses with tax preparation.
Gathering and Organizing
Financial Records
- We work with you to collect all necessary documents, including:
- W-2s, 1099s and K-1s for income.
- Receipts and records for deductible expenses.
- Investment statements for dividends, interest and capital gains.
- Mortgage interest statements and property tax documents.
Ensuring Compliance
with Tax Laws
- We stay updated on the latest federal, state, and local tax regulations to ensure:
- Your returns meet all filing requirements.
- You claim all eligible deductions and credits without triggering audits.
Identifying Tax Deductions and Credits
- We analyze your situation to identify tax-saving opportunities, such as:
- Education credits (e.g., Lifetime Learning Credit, American Opportunity Credit).
- Child tax credits and dependent care deductions.
- Itemized deductions (e.g., charitable donations, medical expenses).
- Business-related deductions (e.g., home office, travel expenses).
Addressing Complex
Tax Situations
- We handle tax complexities for:
- Small businesses, freelancers and self-employed individuals.
- Investments, including capital gains, dividends and tax-loss harvesting.
- Real estate transactions and rental income.
- Foreign income, tax treaties and compliance with FATCA and FBAR.
Minimizing
Tax Liabilities
- We employ strategies to reduce your tax burden, such as:
- Maximizing retirement account contributions.
- Timing income and expenses to shift tax liabilities to favorable years.
- Leveraging tax credits and incentives.
Reviewing for Accuracy
- We carefully review all forms and calculations to prevent errors that could:
- Delay your refund.
- Trigger an audit or penalties.
Communicating
with Tax Authorities
- Responding to IRS or state tax notices
- Handling audits or discrepancies
Providing Year-Round
Tax Advice
- Beyond tax season, we offer advice to improve your tax situation:
- Adjusting withholding on your paycheck
- Setting up systems to track expenses throughout the year
- Planning for major life events or financial changes that affect your taxes
Customized Service for Businesses and Individuals
- For businesses: We handle payroll taxes, sales tax returns and reporting for contractors.
- For individuals: We address needs like health savings accounts (HSAs), education funding or retirement withdrawals.
By leveraging our expertise, we make the tax preparation process smooth, stress-free and tailored to your financial goals. This ensures compliance and helps you retain as much of your income as possible.
E-Filing and
Refund Monitoring
- We ensure your returns are filed electronically for faster processing and refunds.
- We monitor the status of your refund and provide updates.
