Want to Keep More of What You Make? You Need Expert Help with Your Taxes.

 

Tax Preparation and Tax Planning from a local Rapid City CPA that Solves IRS Tax Problems Every Single Day.

 

Are you looking for tax preparation and planning services that will help you minimize your taxes and meet all those tax deadlines?

 

Do you want tax time to be as easy and painless as possible?

 

Do you want a proactive tax preparer that can help you find effective and safe ways to reduce your tax bill?

 

If you answered yes to any of these questions, then you’re in the perfect place to find out about how we can help you with your tax return preparation, fast and easy filing, and tax planning to reduce your tax bill. We serve hundreds of taxpayers each year, and we can help you save time and money and reduce the stress that goes along with tax time. We can handle tax return preparation and filing for individuals, businesses, partnerships, trusts, estates, S-Corps, C-Corps, LLCs, sole practitioners with businesses, nonprofits needing to file Form 990, and more! Tax return preparation is best left in the hands of a tax professional with access to highly complex professional tax software and who can check the results against their knowledge of the latest tax laws.

 

Preparing your own income tax return can be a task that leaves you with more questions than answers. Like it or not, today’s tax laws are so complicated that filing a relatively simple tax return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled, and often times little mistakes can turn into big IRS nightmares. It’s best to leave tax preparation up to the experts.

 

When you hire Showalter CPA to prepare your tax return you can be assured it will be prepared by a Certified Public Accountant. Your tax return will be analyzed by our state-of-the-art software specifically designed to identify potential problems the IRS may look at more closely. Once your return is complete it will be filed electronically providing proof of receipt by the IRS and State. We are full-time year-round tax experts, held to a higher professional standard and are required to complete educational classes year-round to keep up to date on the ever-changing complicated tax laws. Sit down appointments are available, or you can elect to simply drop off your information and we will prepare your return and contact you with any questions.

 

We help our clients year-round with the following tax preparation services

 

  • Prepare your tax return with our professional software
  • Adjust or catch up your business or investment bookkeeping records so they are tax-ready
  • Check for every deduction you are eligible for
  • Double- and triple-check your tax return’s accuracy
  • Review any red flags generated by our tax software and inform you of any that might increase your risk of review or audit
  • Explain the complex in an understandable way so you can feel confident you have made the right decision
  • Electronically file your individual, corporate, and estate tax returns at the local, state, and national levels so you can get any refunds back as fast as possible
  • Answer your questions and explain your options
  • Help you with recordkeeping requirements
  • Provide year-round access to copies of your returns should you need them to purchase a new house or take out a loan
  • Be available to call or email year-round for additional tax questions or services
  • Help you adjust your tax withholding amounts for next year
  • Calculate estimated tax payments you may need to make to reduce or avoid penalties for next year
  • Make tax projections throughout the year so there are no surprises
  • Meet with you to determine ways to reduce your tax bill for next year
  • Provide you with deductions you may be able to take next year to reduce your taxes

 

We know that tax time is probably not your favorite time of the year!  We want to make it as quick and pain-free as possible for you.  We can help you navigate the maze of forms, requirements, deadlines, and constantly changing tax laws so that you can be aware of the possible financial opportunities available to your circumstances.

 

No matter what kind of income you have – paycheck income from a job that issues a W-2, independent contract work with 1099s, social security income, rental income, business income, stock sales, interest and dividend income, unemployment compensation, income from partnerships, LLCs, or S-Corps, or any other type of income – we can help you determine how to account for it on your tax return.  We can help you take all of the deductions and credits you are eligible for, such as property taxes, medical expenses, charitable contributions, business expenses, retirement plan contributions, the new 20% business deduction for pass-through entities, child tax credits, and many more.

 

Tax services for individuals

Tax preparation for individuals with a full-time paycheck job

Tax preparation for retired individuals with social security income, retirement withdrawals and possibly other income

Tax preparation for taxpayers with a contract job or who are sole proprietors of a small business.

Tax preparation for dependent children who have income

 

Tax Return Preparation Services for Businesses

Businesses can take many forms – sole proprietorships, partnerships, LLCs, S Corporations, and C Corporations. The type of entity that your business is set up under will depend on the federal and state forms you need to complete to meet your tax requirements. LLCs are taxed in many ways, making it even more complex. If your business was formed under the wrong entity type, you may be paying far more taxes than you need to. We can help you with an analysis of options so you can optimize your specific tax situation.

 

Federal and state tax return preparation is just the beginning for business tax needs. You may also have franchise tax, sales tax, payroll tax, and other industry-specific taxes and licenses that you need to keep up with. Managing all your tax deadlines can be a big job that distracts you from more important things you have to do to run your business. We take pride in staying on top of tax deadlines for our clients, so you don’t have to stress about them.  We can prepare and file the tax returns that are required for your business.  We will look hard for every deduction possible, discuss with you your options, and perform your tax compliance work accurately and on time.

 

Tax Return Preparation Services for Nonprofit Organizations

Nonprofit tax-exempt organizations have annual IRS return requirements too. They may not need to pay taxes, but they do need to file an information return, the Form 990, with the IRS each year. From 990 includes information on the nonprofit organization’s purpose, finances, and programs. If your nonprofit needs help preparing and filing their form 990, give us a call.

 

Tax Returns That Have Not Been Filed on Time

Are you late filing a tax return? Have you missed a few years and want to get caught up? We can help you prepare and file prior year tax returns. If you have challenges with lost records, we can help you through the process. It’s easier than you may think. Sometimes all the worry you’ve built up during the time that you haven’t filed can be bigger in your mind than it is if you just get help now to get it done. Take the first step and call us. When your return is late, there are two penalties: failure to pay and failure to file. These penalties only get larger the more time you wait. The best option is to get professional help to work out a payment plan with the IRS or the state. With tax professionals like us negotiating for you, it is common to get a portion of the amount due forgiven.

 

Tax Returns That Need to Be Amended

There are many reasons a tax return needs to be amended. There may have been an error made when it was originally filed. It could be that a tax law changed, and amending a return puts the taxpayer in a better position. In any case, if you need to amend a return for any reason, we can help you.

 

IRS Correspondence

If you receive a letter from the IRS, we can help you interpret what they need you to do next. The letter could be a standard routine notice or it could be something bigger like an audit. In either case, we are here year-round to help.

 

Tax Planning

We’re committed to helping you keep your hard-earned money without paying a penny more in taxes than you’re legally required to do.  And some of the biggest savings can come when we work together and plan ahead. We offer proactive tax planning suggestions to save you money when tax time comes. Tax Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars. Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year. Give us a call any time of the year, so we can start finding ways to save you money.

 

 

Tax Preparation and Planning in Rapid City, SD

 

We not only will prepare and file your return, Your local Rapid City, SD Certified Public Accountant CPA can:

 

  • File your individual 1040, Partnership 1065, Corporate 1120, Corporate Subchapter S 1120S Returns
  • Design strategies you can follow throughout the year to reduce your taxes, save money and achieve a smoother tax preparation process
  • Clarify the impact of the latest tax laws, legislation and IRS rules on your tax liability
  • Identify the long- and short-term tax consequences of your spending, investment and other financial decisions, and advise you on the steps you can take to reduce your future tax liability
  • Counsel you through tax return issues, complete all required forms and compile necessary backup materials
  • Explain what the numbers mean and ensure you are complying with the law, so you know what’s in your return and can be confident in its accuracy

 

Call us today at 605-646-3585, we would love to meet with you in our Rapid City, SD office or over the phone to discuss your tax preparation, tax planning and tax compliance needs. We have years of experience working through Internal Revenue Service IRS tax issues. We will advocate for you. Keep more of what you earn by visiting us in our Rapid City, SD tax office. 

 

 

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