Tax Preparation & Planning
Realizing your goals through effective communication and personalized attention.
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 experienced team to know the ins and outs of all tax requirements. We can also help you with a variety of tax planning services, making sure your needs and goals are met each step of the way. 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, our certified public accountants are 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
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 Tax Filings
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.
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.
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.
Multi-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 in the United States.
Cost Segregations and 1031 Exchanges
Maximizing your investment is always good practice, and this includes your real estate investments. If you have a rental property there may be an opportunity to utilize your investment while it makes you money or strategically defer your gains to expand your investments. Our team of professionals are able to help you understand and plan for the benefits and how they can help you.
Tax Credits
The Tax code offers a variety of tax credits to help you grow or maintain your businesses. While some are only for a short time, such as the Employee Retention Credit, others have been around for a while, like the Research and Development, and Work Opportunity Tax Credit. Our team is ready and able to talk with you about these credits and more to make sure that you and your business are set up for success.
What we can Do
Our Services
Help with small business tax return, sales & more
Ensure your success of your business with our accounting and tax services, including accounting system setup and more!
Help with reporting & accounting
Maximize your company’s profitability with intensive examination of your company’s financial statements and records.
Help with real estate or property taxes
When you are buying or selling real estate, contact us for help. We will make the process easier, give us a call.
With over 100 years of combined 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
ADDRESS
Note: The client entryway is downstairs in Suite 102.
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