Tax Services

FULL-SERVICE CPA FIRM NEAR ME IN DALLAS, TEXAS

As a business owner, maintaining accurate and up-to-date financial records is essential, especially in the aspect of your taxes. Compliance with personal and business taxes helps you to stay on the right side of tax laws and regulations. Therefore, you need to be informed and proactive about your taxes, both business and individual taxes. However, with so many other aspects of your personal life or business demanding your attention, tax compliance can easily slip through the cracks. That’s where we can help you —Providence Financial Services is a trusted full-service CPA firm near me in Dallas, Texas.

We specialise in tax management which includes managing your company’s financial records as well as preparing and filing company taxes. Our team of experienced CPAs is dedicated to providing comprehensive tax solutions with care and precision. Our warm approach sets us apart in the industry. We believe in building strong, lasting relationships with our clients, which enables us to provide attentive, personalised service.

Reach out to us today if you need assistance with personal taxes or intricate business tax strategies, we are here to help you navigate the complexities of the tax system with confidence. Call us directly to speak with one of our seasoned CPAs, or you can also schedule your appointment online to get started.

Local Tax Advisor in Texas Mid-Cities Area

Providence Financial Services is home to renowned local tax advisors that proudly serve the Texas Mid-Cities area. We are the go-to tax advisory services provider that serves individuals and businesses alike. We are aware of the financial and tax landscape of Texas and with our knowledge we offer top-notch guidance to our clients. Our team is readily available to help you handle various types of tax preparation and filing with impeccable accuracy. Be sure to reach out to us today for your federal, local, state, and international tax filings.

WHY HIRE OUR TEXAS TAX ACCOUNTANTS NEAR ME?

Every individual or business owner in Texas deserves to have a reliable tax accountant to help oversee their financial well-being. To experience significant accurate and timely financial and tax support, you need Providence Financial Services on your team. Here’s why choosing our Texas tax accountants near me is the best decision you can make for your tax needs:

Years of Experience

Our team comprises highly qualified and experienced CPAs who specialize in various aspects of tax planning, preparation, and resolution. Our team is equipped with a deep understanding of federal and state tax laws. We can assist you and your business with tax compliance while maximizing your tax savings.

Convenient Tax Review and Estimate:

We offer tax review and estimate over the phone, allowing you to get a quick understanding of your tax situation without the need for an in-person visit. Our convenient service provides you with immediate insights and helps you plan more effectively.

Free Tax Consultations:

We provide free tax consultations to discuss your needs and explore how we can help. With our no-obligation consultation you will have a better understanding of our services and how they can be adapted to your specific requirements.

Free E-Filing:

Our free e-filing service ensures that your tax returns are submitted quickly and accurately. Hence, we not only save you time and hassle but also provide peace of mind knowing that your returns are filed correctly and promptly.

Proactive Approach

Our proactive approach sets us apart. We don’t just prepare your taxes; we offer strategic advice and planning to help you make informed financial decisions throughout the year. We will help you anticipate potential tax issues and opportunities so you and your business can stay ahead of the curve.

Community Focus:

As a local CPA firm in Texas, we are deeply rooted in the community. We are Texans and we understand the unique challenges and opportunities faced by our clients in the Texas Mid-Cities area. Providence Financial Services is a firm you can trust to stand by your side, equipping you with relevant and timely advice that makes a real difference.

Reach out to us today to gain a trusted partner dedicated to your financial success.

WHY DO I NEED A TAX PREPARER?

Business owners and individuals often find navigating the complexities of tax laws and regulations challenging. The reason is because tax regulations frequently change, also the filing process requires precision and expertise. To bypass these challenges, it’s best to hire a professional tax preparer. Hiring a professional tax preparer from Providence Financial Services offers numerous benefits such as

Professional Knowledge:

Tax preparers stay updated on the latest tax laws and regulations to ensure that your returns are accurate and compliant. They can identify deductions and credits you might miss on your own, meaning you have a higher chance of tax savings maximisation.

Time Savings:

Tax preparation requires time and effort, due to this most business owners and individuals push it aside which is not advisable. A professional tax preparer can take yoke off your neck as they handle your financial records and tax preparation, allowing you to focus on your business or personal life. With the expertise of Providence Financial Services tax preparers, your taxes can be completed promptly and more efficiently.

Avoid Costly Mistakes:

Errors on your tax return can lead to audits, fines, or other penalties. Our tax preparer ensures your returns are error-free, reducing the risk of costly mistakes. A tax preparer’s experience and attention to detail provide peace of mind.

Strategic Planning:

Beyond just preparing your taxes, a professional can offer strategic tax planning advice. The proactive approach of a tax preparer helps you make informed financial decisions throughout the year, optimizing your tax position and overall financial health.

Support in Audits:

In the unfortunate event of an audit, having a tax preparer on your side is invaluable. They can represent you and handle communications with the IRS, ensuring the audit process goes as smoothly as possible.

Tailored Solutions:

Every individual and business has unique tax needs. Our tax preparers provide personalised services tailored to your specific situation so you can receive the best possible outcomes.

Providence Financial Services offers convenient options such as tax review and estimate over the phone, free tax consultations, and free e-filing. Contact us today to make your tax preparation more accessible and stress-free.

WHAT ARE THE GOALS OF TAX PLANNING?

Are you aware that you can boost your finances if you plan your tax properly? Tax planning can help optimise your personal and business financial health. It involves strategically organising your affairs to reduce tax liabilities legally. It often includes deductions, credits, and utilising tax-efficient investment strategies. Let’s break down the goals of tax planning

Minimise Tax Liability:

The higher your adjusted gross income AGI, the more your tax liabilities. Nevertheless, with strategic tax planning approaches your tax rates can be reduced. Strategies like decreasing your adjusted gross income (AGI) through methods like contributing to retirement plans can lower your tax rate and increase eligibility for tax credits. Keeping track of deductible expenses, such as healthcare costs, state and local taxes, and mortgage interest, helps in reducing taxable income

Maximise Tax Credit

As mentioned earlier, tax planning aims to maximise tax credits, which directly reduce the amount of tax owed. You can achieve this by taking advantage of credits such as those for education expenses, adoption, or renewable energy investments, which can significantly lower your tax bill.

Cash Flow Management

Effective tax planning helps in managing cash flow by strategically timing income and expenses. This includes deferring income to future years or accelerating deductions to reduce taxable income in the current year. Proper cash flow management can help you align income and expenses optimally and improve liquidity and financial stability throughout the year.

We Make Your US tax filing, as simple as possible

At Providence Financial Services, we believe that tax filing shouldn’t cause you troubles. We are driven by the goal to transform your tax filing experience into a seamless and stress-free process. With our expert team of tax professionals, we break down the complexities and ensure your filings are done accurately and efficiently. We leverage the latest tax software and up-to-date knowledge of tax laws to offer you personalised service, whether for individual or business taxes. Let us handle your tax needs so you can focus on what matters most.

SERVICE OVERVIEW

Federal Tax Return

Figuring out federal tax returns can get pretty tricky, but don’t worry! Our top-notch CPAs are here to make it a breeze for you and your business. We’ll make sure every dollar earned, spent, and saved is accounted for correctly. Our detailed analysis helps lower your tax liability while staying compliant with the regulations.

Sales Tax

Sales tax is like a puzzle for businesses, but our CPAs’ got you covered. We help with all the maths, keeping tabs on the ever-changing tax laws, and making sure every detail is filed on time. This way, you can avoid penalties and optimise your tax strategy.

Self-Employed Tax Planning and Bookkeeping Review

Being your own boss comes with its own set of tax hurdles. For this reason, we offer tailored tax planning and thorough bookkeeping checks to keep your finances in tip-top shape. We’re all about helping you save as much as you can and staying on the right side of the tax laws

Late Tax Preparation

Missed your tax deadline? Don’t sweat! We’re pros at handling late tax prep. Our seasoned CPAs will take the reins, getting you up to speed with those overdue returns while keeping the penalties and extra fees to a minimum, and making sure everything is compliant with IRS regulations.

Corporation Tax

We also provide comprehensive corporate tax services, from planning and compliance to resolving complex tax issues. We work with businesses to help optimise their tax making it possible to keep more of its earnings and reduce tax liability.

Capital Gains Tax

Capital gains tax can really weigh you down when you’re dealing with investments or selling property. We’re here to lend a hand with our capital gains tax services.

Tax Reliefs and Other Tax Forms

The world of tax reliefs and forms is like a maze. Let us be your guide! We’ll help you find and file every tax relief you’re entitled to. Our CPAs will oversee the paperwork to make sure you’re getting the most of every available deduction and credit.

INDIVIDUAL VS BUSINESS TAX PROCESSES

The strategies for tax processes differ for individuals and businesses. Individual tax processes primarily focus on personal income and deductions. The major elements developing of tax processing include filing annual tax returns, reporting income from various sources such as employment, investments, and self-employment. Claiming deductions for expenses like mortgage interest, charitable contributions, and medical expenses are all included in individual tax processes. Individual tax processes when done correctly can increase your eligible for tax credits aimed at reducing tax liabilities directly.

Business tax processes on the other hand are more complex and involve reporting income and expenses related to business operations. This includes filing corporate tax returns (for corporations) or reporting business income on personal tax returns (for sole proprietorships, partnerships, and S-corporations). Businesses must navigate deductions for business expenses, depreciation of assets, employee payroll taxes, and potentially sales taxes. Tax planning for businesses often includes strategies to optimise deductions, manage cash flow, and comply with specific industry regulations.

We offer both forms of tax processes at Providence Financial Services. Contact us to get started.

We Serve The Entire Nation

Our services at Providence Financial Services are available nationwide, so we stay  accessible to all our clients across the country. We serve Texas, New York City, Miami, and every nook and cranny of the US. Our scheduling process is easy either via phone call or online. We offer free tax consultation and free e-filing.

Frequently Asked Questions

Do you have questions about our services? You can find some answers below:

What is the difference between tax preparation and tax planning?

Tax preparation involves compiling and submitting tax returns accurately and on time. Tax planning on the other hand is a dynamic approach that involves strategizing throughout the year to reduce tax liabilities and maximize financial benefits. Providence Financial Services offers both to ensure comprehensive support for your financial needs.

How can Providence Financial Services help with IRS audits?

Providence Financial Services provides expert representation during IRS audits. Our experienced CPAs will handle the documentation accurately and guide you through the entire process to curb potential penalties.

Do you offer financial planning services for retirement?

Yes, we offer retirement planning services. Our CPAs has vast experience in developing a comprehensive strategy that includes tax-efficient retirement accounts, investment planning, and income distribution. We do all these to ensure our clients enjoy a financially secure retirement.

Can you assist with international tax issues?

Absolutely. We specialize in international tax planning and compliance for U.S. expatriates, foreign nationals, and businesses with international operations.

What industries do you specialise in for business tax services?

We provide tax services for a wide range of industries including healthcare, real estate, technology, manufacturing, and professional services. Our industry-specific expertise ensures that we address the unique tax challenges and opportunities within each sector.