Tax
Business Taxes
North Star Tax & Accounting works with all business entity structures. Business taxes tend to be much more complicated than personal taxes. That’s why you can count on our experienced team to understand your unique tax situation and help you maintain compliance with the rules and regulations that govern your entity.
Our team starts by evaluating your business’s tax position. From there, we’ll guide you on how to reduce future tax exposure and risk management. We’ll find refund and credit opportunities while we streamline your tax-related administrative processes. Our experts will handle your preparation and develop a strategy to keep you in compliance. You’ll have peace of mind knowing we’ll support you through the complexities of IRS examinations or any responses required for tax issues.
Personal Taxes
Our packages include personal income tax return preparation as well as business income tax return preparation. We also work with high-net-worth individuals. Every person that receives income is required to annually file an income tax return to show their tax liability.
In the United States, income is taxed using a progressive tax method. The more you make, the higher a percentage of tax you will have to pay. The IRS has developed a complicated tax plan incorporating many different rules and regulations. These rules govern what income must be reported, and what exemptions, deductions or credits can be used against this income to reduce your income tax liability.
Working with our tax experts will ensure you’re meeting all the requirements established by the IRS and you’ll be relieved of unnecessary burdens with our strategic planning.
Tax Planning
Tax planning is essential for individuals, business owners, managers and investors. The rules and regulations regarding businesses often require very strict reporting policies and guidelines. Our professional tax accountants are here to ensure the tax strategy for your business is planned effectively based on estimations of tax liability.
We’ll help you take advantage of beneficial tax credits, increasing or accelerating tax deductions and maximizing tax breaks throughout the year. From entity structure to leveraging tax-advantaged accounts, we’ll plan the best long-term tax considerations for your business.