Tax Preparation Services
Tax Preparation services in Dayton, Ohio by Essex and Associates, for all your tax preparation and tax related needs.
"Essex and Associates prepares every type of tax return." Says …
Mike Markley, Corporate Tax Preparation Specialist for Essex and Associates.
We prepare all Federal,State and Local tax returns.
As well as payroll, workers compensation, federal unemployment, state unemployment, excise, franchise, property, gift, estate, non-profit, trust, corporate and any other type of tax return you can possibly need.
We also prepare taxes returns for single moms and widows
We are here to assist.
We will even help you prepare your own tax return. If you prepare your return by hand or use an off the shelf tax software program, our firm will double check your work.
If you decide to use a professional tax preparation service, please make sure that your tax preparation is done by a licensed professional such as an attorney, certified public accountant, enrolled agent, or a registered tax preparer. All of our many tax preparers are registered professionals.
United States income tax laws are considered to be complicated. The tax code is thousands of pages long with hundred of changes to the code every year.
The majority of Americans use a professional to prepare their returns. Even the commissioner of the IRS has his taxes prepared professionally.
If there is any complexity to your taxes at all, it is important that you use a trained professional to prepare your return.
Up until this year, the U.S. Internal Revenue Service (IRS) has not had a requirement for national licensing of paid tax return preparers in the United States.
However, the IRS has now introduced tax code changes that require the registration of almost all paid federal tax return preparers.
The new rules will require that most paid preparers pass a national tax law exam and undergo continuing education requirements.
Persons who are certified public accountants (CPAs), attorneys or enrolled agents will be required to register, but will not be required to take the exam and will not be subject to the continuing education requirements.
To maintain their licenses, CPAs Enrolled Agents, and attorneys are subject to their own continuing education requirements imposed on a state-by-state basis.
All tax return preparers, including those tax return preparers who are attorneys, certified public accountants, or enrolled agents, are required to have a practitioner tax identification number (PTIN).
Make sure your tax prepared is registered; trained and stays up-to-date on all the tax law changes.
Since mid-2011, tax return preparers (other than CPAs, attorneys, and enrolled agents and a few others) are generally required to take and pass a competency test to officially become a registered tax return preparer.
Ask your preparer if he has done this.
Tax return preparers who have PTINs before testing becomes available will have until Dec. 31, 2013, to pass the competency test.
After testing becomes available, new tax return preparers will be required to pass the competency test before they can obtain a PTIN.
A new continuing education requirement of 15 hours per year has been imposed on tax return preparers (except for CPAs, attorneys, enrolled agents, and a few others).
The cost of preparing and filing all business and personal tax returns is estimated to be $250 to $300 billion each year.
According to a report from the U.S. Government Accountability Office, the efficiency cost of the tax system—the output that is lost over and above the tax itself—is between $240 billion and $600 billion per year.
For tax return preparation, Americans spent an amount equal to roughly 20% of the amount collected in taxes.
Tax preparation businesses have been plagued with controversies over Refund anticipation loans.
Avoid these types of loans and the companies that offer these loans.
They are a rip off.
The very best tax preparation companies are the ones with the following characteristics of their tax preparers:
• Is available year round
• Have integrity
• Work hard in reducing your taxes
• Communicate well
• Use the latest technology
• Timely in their work
Our firm works very hard at minimizing your taxes.
Here is a helpful 2011 Tax Preparation List for you to refer to.
We also have a 300 item deduction checklist that we make available to all our clients.
Plus, we are aware of over 125 separate tax strategies that can be engaged to reduce your taxes.
If you have been searching for tax preparation services in Dayton,Ohio then you just discovered one of the best, here at Essex and Associates.
Give us a call today at (937) 432 -1040, you'll be glad you did!