Tax Preparation
Timothy P. Belanger, CPA uses a very robust tax preparation software tool well respected within the tax practitioner community that is capable of handling the following types of income tax returns:
• Individual (Federal and all 50 states)
• Corporate (C Corporation, S Corporation, LLC, LLP, Partnership)
• Fiduciary (Estate and Trust)
Timothy P. Belanger, CPA also prepares the following types of payroll tax returns on behalf of his business clients:
• Form 941, Form 940, State specific payroll tax forms, W2, W3
Timothy P. Belanger, CPA also assists his business clients and individual clients owning their own business with the preparation and electronic filing of the annual 1099-MISC forms that need to be issued to subcontractors and temporary help workers who are not incorporated and that are paid more than $600 in a given calendar year.
Bookkeeping
Timothy P. Belanger, CPA offers bookkeeping services to many of his business clients. Client data can be provided and entered into a desktop version of QuickBooks owned by Timothy P. Belanger, CPA (at no incremental cost). Alternatively, Timothy P. Belanger, CPA can offer preferred pricing (available only to Accountants) for a QuickBooks online subscription to his clients. The benefit of the online subscription is that both the Accountant/CPA and the client have access to QuickBooks at all times.
Tax Planning
For both business and personal taxes, Timothy P. Belanger, CPA has the necessary experience and software tools to accurately and efficiently project any given year’s tax liability using the prior year’s actual tax results as the starting point. Since the common goal of both CPA and client is often “no surprises”, many clients take advantage of this service.
Business Start-Ups
Many of Timothy P. Belanger’s clients have decided to pursue the American dream of starting your own business. This can seem daunting for many reasons, not the least of which is “What does this mean for my tax return?” Timothy P. Belanger, CPA has been advising tax clients for years on not only what changes to expect with their tax return but best practices in terms of how to set-up and organize their business, both from a recordkeeping perspective and a legal perspective. While there are many legal entity type options one can choose, Timothy P. Belanger, CPA has the knowledge and experience to help the client navigate the best option for them given their unique situation. Many part-time businesses are initially set-up as sole proprietorships, which simply requires additional schedules to be filed with your personal taxes (Form 1040), however Timothy P. Belanger, CPA has also assisted clients who later down the road want to take advantage of incorporating their business into one of the several entity types that will limit the business’ liability exposure to assets of the business only and protect the client’s personal assets.
Consulting Services
Timothy P. Belanger, CPA offers a variety of Consulting Services, which can range from simply helping clients determine the proper amount of withholdings to have taken out of their check to more complex tax research type projects like developing and documenting a plan to convert rental property back to a primary residence or how to put money away in a Roth IRA even if you are over the income limits for doing so. Additionally, Timothy P. Belanger, CPA often represents his clients with taxing authorities by obtaining a specific use Power of Attorney and then dealing with the agencies directly on behalf of his clients.