Ed Lloyd & Associates, PLLC - Charlotte CPA Tax Services

Tax Services

We understand the changing tax laws and regulations and can assist you in evaluating alternatives that will help you make informed decisions consistent with your objectives. We offer a full range of tax services including:

Business tax consulting, including multi-state taxation
Individual tax services, including mutli-state taxation
Tax planning
IRS representation
State and local tax representation
Tax reduction and asset protection strategies - For business owners
Cost segregation study - Increase the current depreciation expense on your building.

Tax Preparation - We prepare approximately 200 business returns each year and several hundred individual returns for business owners, real estate investors, clients listing in multiple states and other tax clients. We also electronically file W-2's and 1099's for clients with over 250 of either as mandated by the IRS from your payroll data.

All individual returns are e-filed at no additional charge to ensure that your returns are received and properly filed. Refunds from e-filed returns are generally deposited within two weeks of acceptance by the IRS and your state(s). We prepare over 20 different state tax returns each year and can prepare a return for any state you require.

Business Tax Planning - Tax planning is critical for business owners. We work with you to:

Identify your estimated current tax situation for the year.
Analyze opportunities available to reduce your taxes for the year. These include current tax law changes, retirement plan analysis, estimated income tax payments, additional deductions you may have overlooked, alternative minimum tax, tax reduction and asset protection strategies.
Analyze your accounting records for the period. Notify you of necessary adjustments to correct your records. A misposting in your accounting records can greatly effect your correct net income!
Identify the dollar amount of your tax savings and assist you in implementing any necessary changes.
The business tax plan and analysis flows with the individual tax planning. These are prepared simultaneously for business owners with flow-through entities (S Corporation and partnership taxation).
We can include the Business Analysis to provide you mid-year consulting with your tax plan.

Strategic Tax Plan - A strategic tax plan analyzes your business structure today and your plans for the future. Every business should incorporate this plan with the business tax plan once every 5 years. Based upon your needs we will analyze the:

Entity structure and perform a comparative analysis on tax savings opportunities for various entities.
Buy-sell agreements - Types of agreements, funding methods, effect of insurance.
Estate planning issues.
Asset protection issues and strategies.
Succession planning.

Individual Tax Planning - Individuals have options with regards to tax planning and we work with you to maximize the possibilities. We can assist you with:

Estimated income taxes for federal and state taxes - Avoid penalties for underestimated taxes.
Retirement plan alternatives.
Investment tax credits - Annual tax credits up to 10% of your investment.
Alternative minimum tax analysis.
Withholding analysis.

IRS and State Tax Representation - We represent business owners and individuals with the IRS and state agencies. These services include:

Audit representation with the IRS, state department of revenue, property tax audits and sales tax audits.
Resolution of payroll tax penalties and notices.
Offer-in-compromise for outstanding taxes. We have saved individual clients tens of thousands of dollars each through this program. We can evaluate your situation to determine if this is an option worth pursuing.