Tax Preparation and Financial Planning
Get more than just a tax return!
Today's tax laws are complicated and ever changing. Even if you use a tax program, chances are you will benefit from the occasional help of a tax professional. Deductions and credits to which you are entitled can easily be overlooked. We have prepared thousands of tax returns and know what to look for when we prepare your return. More importantly, someone is always available to answer any questions you may have during the year.
We prepare all types of tax and information returns and can serve as your advocate in all tax matters. If you are contacted by any government agency concerning your tax matters, your first call should be to us. We have handled hundreds of notices over the years and can usually resolve them quickly. We are on your side!
A little planning can save thousands of dollars!
We monitor the changes in the tax law that could affect you and can recommend tax-saving strategies. Whether your needs are individual, or for a business entity, trust, estate, or any combination of these, there may be several basic tax-cutting strategies available. We can use your tax return and other information to effectively plan out these financial matters.
Maximize your after-tax return.
We can review your investment ideas with you and your investment advisor and make recommendations to maximize your after-tax return. Don't ignore the impact of taxes on your investments. While taxes should not drive your investment strategy, understanding how taxes affect your earnings will help you minimize taxes and maximize your return.
Start planning and stop worrying!
Regularly put aside a set amount in savings or other investments. Use our savings calculator to calculate how fast your savings can grow. Invest in what you know and diversify your investments. The difference that a 2% greater return can make in the growth of your investments is dramatic. Use our savings yield calculator to calculate the monthly yield required to reach your savings goal.
Don't use credit to purchase consumption items. Wait until you can pay cash for things which decrease in value. Borrowing money to purchase a home is usually a sound idea. Using credit to purchase household furnishings may not be. Pay off your credit card balance every month. Your credit card should be used for convenience or to accumulate rewards, not as a source of long-term financing. Credit card interest rates are much too high.
Prepare an annual balance sheet (a list of all your assets minus all your debts) to determine your net worth. A comparison of your annual balance sheets will show you whether you are meeting your financial goals. With proper planning and diligence, you can retire in comfort. Use our retirement calculator to calculate how much you need to save for retirement. Update your plan regularly. Annually review your insurance needs to determine that you are neither under– nor over insured.
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150 Fortenberry Rd.
Villa A & F
Merritt Island, FL 32952
Phone: (321) 452-5061
Fax: (321) 454-4441
E-mail: dms@bagcpa.com