O ur firm continuously monitors federal, state, and local tax law changes to allow our clients to minimize their current and future tax liabilities. If necessary, we can implement tailor-made tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing. Of course, we offer full tax preparation and filing services.
Income Tax
W e prepare all kinds of business, personal, and fiduciary tax returns. Our business returns include federal returns for corporations, partnerships, limited liability companies, not-for-profit organizations, personal holding companies, and political organizations. We prepare The Michigan Corporate Income Tax when necessary, and we also prepare the 5500 series forms for pension, profit sharing and welfare benefit plans.
Technically, almost everything you own and use for personal, pleasure, or investment purposes is a capital asset. Capital assets include, but are not limited to, homes, household furnishings, stocks, bonds, and mutual funds. When a capital asset is sold, the difference between the amount you paid (your basis) and the amount you sold it for is generally a capital gain or loss.
We provide computer installation and training services. We work with small business programs, including Client Bookkeeping Solutions and Quickbooks. CBS is a program that includes check writing, payroll, accounts receivable, and accounts payable. This program downloads directly into our accounting package where we prepare your monthly write-up.
Payroll Services
As a not for profit business with limited associates, it makes good business sense to outsource our financials and payroll services. Walker, Fluke & Sheldon make us feel they are a part of our team. Additionally, the financial services and reports are always done on a timely basis. The associates directly related to our company are patient, pleasant to work with, and field questions positively and quickly.