Tax Preparation

WARNING: IRS Audits Rapidly Increasing…
How Confident Are You That Your Return is Accurate?
Could You be Missing Potential Deductions?

10 million tax payers missed out on a chance to get a bigger refund last year simply because they neglected to fill out one line on their tax return. Will you miss a similar opportunity this year?

Today’s tax laws are increasingly complicated and the rules for deductions and credits change year by year. Are you aware of all the deductions and credits that might be available to you this year, even on the most basic of tax returns? Perhaps you feel secure in your do-it-yourself tax preparation software, but let’s face it… There is no substitute for an experienced tax professional who can answer your questions and ask you the questions that might be key to saving you tax dollars.

Stay On Top of Tax Liabilities and Avoid Consequences through Diligent Tax Preparation

Cohen CPA Strategies LLC can help you handle the year-round tax work required for timely tax preparation and filing compliance.

Are you having a hard time staying on top of tax filing requirements? Do you have to scramble and shuffle accounting resources at tax time to meet deadlines? Are you unnecessarily risking fines and legal consequences?

Business and complex entrepreneurial tax filing is much more than an annual obligation. To remain prepared and compliant, you need to have a solid tax plan. That plan needs to be broken down into manageable tasks with clearly assigned responsibilities. This means tax management needs to be part of your regular operations plan.

Is your current provider allowing time and resources for periodic tasks that allow you to keep ahead of filing requirements? Do they have the processes and systems in place to efficiently manage your preparation needs?

As your financial profile becomes more complex, your tax obligations require more specialized and formal management. That means relying on unprepared and rushed tax return delivery. Investing in carefully executed tax preparation and filing ensures minimal tax liability without the risks.

Employ a total tax management solution

Follow a year-round tax plan

Stay on top of all filing requirements

Eliminate the risk of noncompliance

Tax Preparation Is More Than an Annual Occurrence

Tax preparation and management is truly a year-round activity. It takes careful tax planning and a vigilant awareness of monthly and quarterly obligations.

Failure to understand or comply with filing requirements can be costly. It can also be incredibly stressful on you and your staff. But you don’t have to wait until the last minute or miss an important deadline before you realize it’s time to make a change.

At Cohen CPA Strategies LLC, our CPA tax professionals offer continual guidance. With our help, you’ll be able to assess, understand and adjust your ongoing tax situation before it unfolds.

You can be confident in the proven, low-risk techniques your company uses to minimize tax liability and risk. You just need a partner to help you stay prepared. Please let us help you!

With our tax return services you get:

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Assurance that your return has been checked and double-checked for mathematical accuracy and errors that are commonly flagged by the IRS, resulting in fewer chances for contact by the IRS.

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Tips for better managing your payroll withholding so that you can have the advantage of greater income all year long, rather than loaning that money to the government and waiting for it to come back in the form of your yearly tax return.

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A list of common deductions that may benefit you in the coming year, and tips for limiting your future tax liability.

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Electronic filing for a quicker refund.

Let Us Help:

How A Year-End Inventory Count Could Lower Your Montgomery County Business Taxes

 Quick Answer: A year-end inventory count lowers your business taxes by uncovering unrecorded shrinkage and unsellable stock that artificially inflate your ending inventory balance. Reducing that ending balance increases your Cost of Goods Sold (COGS) deduction,...

Cohen CPA Strategies LLC’s Guide: Can You Give Employees Tax Free Bonuses for the Holidays?

 Quick Answer: You can’t give tax-free cash or gift cards for the holidays, as the IRS classifies all cash-equivalent bonuses as taxable wages regardless of the amount. However, you can legally provide tax-free holiday bonuses through non-cash tangible gifts,...

Types of Prepaid Expenses to Optimize Your Montgomery County Business’s Cash Flow Before Dec 31

 Quick Answer: If you run a cash-basis business, you can lock in immediate tax savings on upcoming 2027 operating costs by paying those vendor bills before December 31. Under the IRS 12-month rule, that prepayment cuts your 2026 taxable profit dollar for dollar,...

Cohen CPA Strategies LLC’s Take: How Much Cash Should A Business Have On Hand?

 Quick Answer: Keep three to six months of baseline operating expenses in liquid reserves, alongside a separate tax account holding 15% to 30% of weekly gross receipts. Having that buffer with a Quick Ratio of at least 1.0 means you'll protect daily operations...

How The Bad Business Debt Deduction Could Lower Your 2026 DC Metro Business Taxes

 Quick Answer: Uncollectible business receivables convert into ordinary losses that reduce your active net profit dollar-for-dollar without a ceiling. To lock in this tax offset before year-end, you'll need to execute a formal general ledger charge-off on...

How To Fix Common QuickBooks Online Problems DC Metro Small Business Owners Face

 Quick Answer: To fix common QuickBooks Online problems, audit your bank feed queue to ensure transactions are matched to open invoices and transfers rather than blindly clicked as "Add," which eliminates duplicate revenue and miscoded expenses. From there,...

The DC Metro Small Business Q3 Payroll Checklist for a Painless Year-End Close

 Quick Answer: Your pre-year end payroll checklist should include reviewing new OBBBA wage codes, collecting missing 1099 tax forms, and aligning your payroll accounts with your general ledger. Completing this cleanup in September protects your business...

What Are the Tax Mistakes New DC Metro Business Owners Make?

 Quick Answer: Some of the biggest tax mistakes new business owners make include using personal credit cards for business expenses, guessing on startup cost write-offs, and failing to keep track of receipts for deduction proof.Key Takeaways:Opening a...

What Tax Do You Pay When You Sell A Business Based on Your DC Metro Business Structure?

 Quick Answer: Pass-through entities (LLCs, S corps, sole proprietorships) pay a single tax layer, typically 15% to 23.8% on goodwill and up to 37% on inventory and equipment. C corporations face double taxation near 40% on asset sales, unless structured as...

What Are the Disadvantages to Sole Proprietorship for Growing DC Metro Business Owners?

Quick Answer: The primary disadvantages to a sole proprietorship for growing business owners are unlimited personal liability and a mandatory 15.3% self-employment tax on 100% of net profit. Once annual net profit exceeds $40,000, remaining a sole proprietor...

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Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!