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Tax Planning & Consultation

Tax Planning & Consultation in Marlton

Business people shaking hands, finishing up meetingAt Baratz & Associates, P.A., taxes and accounting are just the beginning. We listen to your goals and concerns and provide the support and service you need to grow your business and your personal finances. We do more than just prepare your tax returns at the end of the year. We ask questions, examine, and invest the time required to understand the unique challenges you face throughout the year.

Baratz & Associates, P.A. works with individuals and small businesses across Marlton to create practical tax planning tailored to your unique financial circumstances. Call for a consultation today!

Call Us: 856.985.5688 Get Your Consultation

Our Comprehensive Services

Taxes may be inevitable, but with the right approach, they don't have to be stressful or frustrating. Effective tax preparation and planning can ensure that you keep as much of your money as possible by minimizing your liability and taking advantage of all deduction opportunities.

Tax Planning and Preparation for Individuals

Whether you are just out of school or moving toward your retirement years, it is a good idea to be proactive with your tax planning and stay on top of your finances to avoid costly mistakes. Baratz & Associates, P.A. can evaluate your financial situation and select the approaches that will work best for your needs. We employ several strategies that can help you reduce your tax obligation, including:

  • Splitting income among family members or legal entities to reach a lower tax bracket.
  • Deferring income and expenses to another year to qualify for a lower tax rate.
  • Suggesting investments to produce income exempt from federal, state, or both taxes.
  • Finding deductions through positive spendings, such as purchasing a vacation home.

Estate Planning

Estate planning is for anyone who wishes to secure a legacy for the future, not just for the wealthy. You have many options to consider when organizing your estate, from donating to charities to building up savings for assisted living care. Planning for your financial future will ensure that your lifestyle and family are secure when you no longer wish to work, or you cannot work.

In addition to minimizing tax liabilities, the estate planning process helps you understand the financial implications of every decision you make. Estate planning services can help you:

  • Clearly outline your estate planning goals
  • Transfer the assets of your estate to beneficiaries
  • Organize suitable liquidation of the estate to cover expenses
  • Fine-tune your plans as your circumstances change
  • Confirm proper tax compliance

Safeguarding Your Financial Legacy

man working with laptop at home with son embracing him from behindOne of the primary benefits of estate planning is that it gives you peace of mind and the confidence that your financial choices will not negatively impact those you love. Our accounting professionals can help you create a proper estate plan that directs your assets to your chosen beneficiary and ensures that any debts you owed get paid. You can take care of your family for generations by passing down the greatest amount of wealth, without worrying about excessive taxation or time in probate.

Without an estate plan, you not only increase the chances that gift taxes absorb your finances, but you also risk the possibility that your chosen beneficiaries will be left paying down debts. With some dedication and forethought, you can do your part to ensure that your loved ones will not have to deal with financial hardship in addition to their grief.

Elder Care Financial Services

Baratz & Associates, P.A. provides financial guidance and education for you and your loved ones. We help with more than just money; we also protect against fraud and abuse so seniors can maintain as much independence as possible. As your trusted agents, we offer:

  • Estate Planning
  • Bookkeeping and Budgeting
  • Financial & Legal Document Review
  • Filing Estate, Income, Trust & Gift Tax Returns
  • Planning & Safeguarding Retirement Account Distributions
  • Long & Short-Term Cash Flow Planning
  • Managing Emergency Expenses

Tax Planning and Preparation for Businesses

business owners looking at tablet inside storeRegulations on business taxes are constantly fluctuating, putting you at risk of violations and errors that could result in hefty fines. We stay on top of regulation changes, helping you to plan around them and maximize your profit margin.

We do a careful evaluation of your assets and investments and develop a financial strategy that allows you to take advantage of all available tax breaks. We'll also help you produce a system of gathering and storing information that will make filing easier at tax time.

Audit Representation for Back Taxes, Liens, and Levies

Having a plan in place can ensure that your company is compliant with the numerous rules, regulations, and laws without disrupting the daily activities of your company. An audit plan can be used to prioritize resources that support your unique business strategies and initiatives if you find yourself scrutinized by the government or some other entity.

You can depend on Baratz & Associates, P.A. to be objective and keep you fully apprised of all identifiable risks. We can help you accomplish your goals by using an organized, disciplined approach to evaluate and protect your interests.

The IRS performs two kinds of audits:

  1. The compliance check is less involved for business owners. The IRS will review all federal tax forms and interview you, then consider whether you have violated any policies.
  2. Full audits are much more in-depth and more thorough. All financial records in question are reviewed, and several interviews may be required before the IRS is satisfied with the investigation. If a full audit is initiated, they may believe that employment laws have not been followed due to actual violations or incorrect records.

Your full cooperation is essential for both kinds of investigations. Answer the auditor's questions, provide all requested records, and meet with them right away. Baratz & Associates, P.A. will work with the auditors and you to ensure everything you submit is accurate and that any issues get resolved quickly.

Tax code and regulations can be complex and learning all the ins-and-outs is time-consuming, especially if you are facing problems with the IRS. If you have questions about your taxes or IRS requirements, you don't need to struggle with intricate forms on your own. When you work with our team for tax preparation and submission, we can help you position yourself safely and limit potential liability.

Assistance with IRS Audits

accountant using smartphone in officeOur experienced team is familiar with all the hurdles you may encounter and the best way to prevent or defend against serious problems. Finding out that you may be subjected to an IRS audit can be daunting for anyone. We can help guide you through the process of gathering together all the paperwork and documentation that will be necessary to satisfy the IRS. We will ensure that you do not pay more taxes than you have to under the most current IRS guidelines.

If you've neglected to complete your tax return, you may face serious complications from the IRS. Rather than burying your head in the sand, you can resolve the issue by contacting us before things get serious. If you wait until the IRS calculates your back taxes, you could end up paying more than you need to. Let us help to keep your tax obligations to a minimum.

Staying Up to Date on Tax Laws

Tax laws are continually undergoing significant changes that can impact the way your business operates. Knowing about these changes, and planning for them, accordingly, can be a key factor in keeping your business financially stable.

Tax Consulting Services for Your Business and Personal Needs

At Baratz & Associates, P.A., we make it a priority to continually discover new ways to save you money through insightful tax consulting and efficient accounting services. We are honored to be part of the Marlton community and to help you prosper. For more information on how we can help you improve tax planning and preparation, contact us for a free consultation today.

Call Us: 856.985.5688 Get Your Consultation

Personal Financial Planning > CORA Capital
You get one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth.
Estate Planning
The hassles and red tape associated with estate planning can be daunting, but you don't need to do it alone. Our team is waiting to assist you through every step of the process.
Elder Care
With our elder care services, you get the help of a caring, honest and knowledgeable professional. Someone on your team, looking out for your loved one's best interest.
Individual Tax Preparation
According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Tax Preparation for Businesses
It is important to develop a relationship with a tax preparation firm that understands how your business works. As your trusted advisor, we make sure you stay on top of your tax obligations and avoid penalties and fees that reduce your profitability.
Tax Planning
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.
Tax Problems
We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet.
We take care of your books for you, so you can get back to the job of running your business and generating profits.
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We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.
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We offer a variety of services to help make sure that you are taking full advantage of Quickbooks' many features.
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We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through.
Learn More...
We offer one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth.
Learn More...

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