Quality Service
Tax Planning and Preparation
At Thomas Cornwell CPA, we don’t offer generic, one-size-fits-all tax solutions. Instead, we take the time to understand each client’s unique goals and objectives, allowing us to deliver tailored strategies that meet their specific needs. We adopt a comprehensive approach to assess how increasingly complex and ever-changing tax laws impact our clients. By leveraging this expertise, we proactively help both businesses and individuals identify strategies to optimize their financial opportunities. Our focus is on maximizing cash flow, minimizing risk and tax liability, ensuring compliance, and avoiding costly mistakes or unexpected tax consequences.
For Individuals
Income tax return preparation
Multistate returns
Income tax planning
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- Current year-end planning
- Quarterly estimated tax payment calculations
- Multiple year projections
Fixed Asset reporting and consulting
Tax credits
IRS / State audit representation
Separate activity reporting and accounting
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- Schedule C – Profit and Loss from Business
- Schedule D – Capital Gains and Losses
- Schedule E – Supplemental Income and Loss
- Schedule F – Profit or Loss From Farming
Fixed Asset reporting and consulting
Tax credits
IRS / State audit representation
Separate activity reporting and accounting
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- Schedule C – Profit and Loss from Business
- Schedule D – Capital Gains and Losses
- Schedule E – Supplemental Income and Loss
- Schedule F – Profit or Loss From Farming
For Businesses
Income Tax Return Preparation
Income Tax Planning
Entity Selection and Structure Consulting
Tax Credits
IRS / State Audit Representation
Fixed Asset Reporting and Consulting
Business Personal Property Tax
Multistate Returns
Multiple Year Projections
For Estates / Trusts
Trust / Estate Tax Planning and Compliance
Trust / Estate income tax return preparation
Gift tax return preparation
Personalized
Accounting
Sound accounting practices are vital to managing a successful business yet often overlooked or undervalued by business owners. Properly maintained records provide owners and managers with valuable insights into a company’s financial health, enabling informed decision-making. Accurate financial information helps prevent misguided budgeting and avoid compliance issues that can lead to penalties and legal issues. At Thomas Cornwell CPA, we offer a comprehensive range of accounting services designed to enhance business efficiency and optimize financial management.
Bookkeeping Services
We provide monthly or quarterly bookkeeping services using QuickBooks software. You provide the bank, credit card, loan statements, and transaction records.
- Recording transactions
- Reconciling accounts
- Reviewing depreciation entries and options
- Reviewing accounts for adjustments
- Incorporating information as part of the tax planning services
Bookkeeping Support
Our Support Plan is a cost-efficient option as the client or client’s bookkeeper records the transactions and maintains the files. We review and provide timely feedback.
- Reviewing recorded transactions.
- Reviewing reconciliations
- Incorporating information as part of the tax planning process