Tax Preparation & Planning
Creating Success, Stability, and Profitability.
What we can Do
Tax Preparation & Planning
When you receive tax preparation and planning service from Jeff Baker & Associates, our certified public accountants (CPAs) have the experience and expertise you require. Whether you need tax services for personal or business reasons, you can trust our experts to know the ins and outs of all tax requirements. We can also help you with a variety of planning services, from estates and trusts to retirement. Take a look at all of our services below, then contact us for a free consultation regarding your tax and planning needs.
Personal Income Tax Preparation
When it comes time to file your individual, joint, or head of household federal tax return, we have certified public accountants in our Tacoma office location that is more than happy to assist you.
Business Income Tax Preparation
S-Corporations, C-Corporations, Partnerships, LLCs, LLPs
Your business is just as important to us as it is to you. We can help you make the decision which business classification best fits your needs. We at JBA understand it is your livelihood and we can assist you with the proper filing to save you as much money as possible.
Estates & Trusts
Getting your financial affairs in order is a complex process. We can guide you through effective estate planning, including:
- The orderly transfer of assets to your beneficiaries
- Providing security to your surviving spouse
- Reducing or eliminating the tax due on transfer of your business and other assets
- Providing business continuity and ownership succession
Tax Planning and Preparation
Tax planning and preparation can help increase financial stability for successful individuals and businesses alike. Whether you’re an individual client or you represent a multi-tier partnership, our experienced staff can help you develop your best tax strategies. We stay up to date with new tax legislation to ensure that you receive the best possible service.
Retirement planning can help ensure you have financial independence during your working years, as well as during retirement. We can help you implement and review your financial plan so it best meets your long-term goals.
Real Estate Transactions
Buying real estate can be a large investment. Whether it’s a residential property or large commercial development, you might have questions about profit, construction, or transaction costs. Make sure you have the experts besides you as you invest in real estate. Our professionals can answer any questions or concerns you have as the transaction takes place.
Taxation of Rental Property Issues
Owning a rental property can cause some tricky tax issues. You might be puzzled over what deductions you can make. You might have a property that also functions as a vacation home, a primary home, or some other dwelling besides a rental property. These might cause some tax issues. In that case, you’re not alone to puzzle them out by yourself.
The experienced financial advisors at JBA, PS can help you know the laws and codes relating to rental property taxation. This includes deductions and uses for a building besides being a rental.
Washington State or City Business and Occupation (B&O) Tax Returns
The Business and Occupational tax return is a gross receipt tax. Jeff Baker & Associates work well with owners in understanding and completing your combined excise tax return and can file them for you or assist you in filing them online.
If you are the fiduciary for an estate or trust, let the experts at Jeff Baker & Associates, PS help with the paperwork for tax returns. There are several tax considerations to think through, including deductions, what is taxable income, and Form 1041. If you’re unsure how to complete the tax form or have another related issue, our team at JBA can help.
Personal Property Affidavits
A personal property affidavit is a form that needs to be completed annually for depreciation value of personal property. Some property owners are to recalculate total acquisition cost for each category each year. Our CPA Firm, Jeff Baker & Associates, is trained in assisting and completing this form with information provided by the personal property owner.
Fuel Tax Returns
We at Jeff Baker & Associates can assist you with completing the form to file the fuel tax return or we can do it for you. The fuel tax returns are usually reported quarterly to the Department of Revenue. A fuel tax is an excise tax imposed on the sale of fuel that is used for transportation purposes.
Payroll Tax Returns
Payroll taxes generally fall into two categories: deductions from an employee’s wages, and taxes paid by the employer based on the employee’s wages. Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff. These taxes can be due monthly, quarterly or annually.
We at Jeff Baker & Associates want to make sure that you get your refund as soon as possible. By electronic filing, we are filing your return over a secured portal via the internet to a secured IRS website and we receive confirmation much sooner than if the return is mailed by the United States Postal Service.
Out-of-State Income Tax Returns
An out of state return is also called a nonresident or a part-year resident income tax return. Jeff Baker & Associates on Pacific Avenue in Parkland (Tacoma) can assist you with the filing of this return for any state.
Foreign Income Tax Returns
You must file a foreign income tax return whether you are a United States citizen or a residential alien living and/or working in a foreign country. Here at JBA we can assist you with all your foreign tax return needs.
Non-Profit Tax Returns – 990’s, 501C’s
It is important that a Non-Profit tax return reports the activities of the nonprofit accurately. The 990 requires a description of the organization’s mission; unlike other tax report entities, it is a document and available to the public. The 501c’s are defined as an organization that operates exclusively for charitable, educational, or religious purposes. We here at JBA have experienced staff that is competent to achieve this task.
What we can Do
With over 40 years of experience, we are confident that we can provide the tax and financial assistance that best fits your business or personal needs. We pride ourselves on being proactive and responsive to our clients’ inquiries and suggestions.
M-F: 8:30am-4:30pm, S-S: Closed