Tax return preparation for Corporations, Partnerships, Estates, and Non-Profits
Anyone can call themselves a tax preparer. While a tax preparer and a Certified Public Accountant may both have experience completing tax forms, there are important differences. We, as CPA’s, are regulated by the government and have the educational background and successful completion of the CPA exam. We understand the intricacies of tax law, accounting and financial planning. We are required to stay up-to-date on tax legislation with continuing education each year. Loggins Kern & McCombs has extensive experience in tax preparation for both individuals and small businesses to ensure they paid the minimum amount required.
Tax Preparation for Businesses
At Loggins Kern & McCombs, preparation of your business tax return is not just a tax time service. It is so much more than moving numbers from your financial statements to the tax return. Trust the professionals at our firm to represent your company. We are knowledgeable about the complexities of the tax code and stay up-to-date on the ever-changing tax laws and regulations. Our CPAs add years of dedicated experience to your company portfolio.
We work with your business to spot trends, advise you on investments, purchases and deductions, and alert you to tax credits your business is entitled to. We can work to help you create a budget and to budget for the future success of your company. We are there with you all year long, not just during tax season.
Tax Preparation for Individuals
Who should prepare your taxes? Several factors play a part in your decision: time, cost and your financial situation. You have several choices: file yourself, file with a retail preparer or bookkeeper, or file with a Certified Public Accountant.
File Yourself – Tax preparation software and online filing alternatives have become very popular as more people have become tech savvy. While these offer a less expensive way to file your taxes, they may end up costing you more in the long-run. The program may not be exactly user-friendly, you don’t really understand all of the interview questions, you’re amazed at the time it takes to complete the return and you end up feeling uneasy that you may have missed something.
Retail / Bookkeeper – This tax prep option can be a good fit for simple, straight-forward returns. Most preparers in a retail store have completed a tax course provided by the retail chain. There may be someone at the location with higher education, but there are no guarantees. Chances are that you won’t see the same person each year.
Certified Public Accountant – CPAs are licensed by the state in which they practice. They are required to complete certain educational requirements, pass a rigorous multi-part examination, and maintain required hours of continuing education throughout their career. They specialize in the tax needs of individuals and small businesses. Even with all the available options, 60% of individual taxpayers still rely on a tax professional to prepare their tax returns.
At Loggins Kern & McCombs, we have been preparing individual returns for clients for over 30 years. We have prepared returns for several generations from the same family. We have individuals who have moved away from the area, from Florida to the state of Washington, yet still return to us each year for tax preparation. We are proud of the relationship we have built with these clients over the years, and we value the trust they have instilled in us to handle their personal taxes.