Tax Return Preparation

T. James Williams & Co., A.C. provides comprehensive tax services.All of our tax returns are processed and printed in house which helps assure the privacy of our clients personal income tax information as well as quick turn around time.

It is not uncommon that a return can be processed and back to a client within three days of our receiving all of the information necessary from the client for the preparation of their return.

In addition to tax return preparation we assist our clients with income tax planning as well as estate planning to help insure that the client is not surprised when informed of their tax liability.

Planning Tip
Minor children employed by their parents in their trade or business may be paid reasonable compensation for their services. This compensation is exempt form social security and medicare taxes at both the employer and employee level as well federal and state unemployment insurance and state disability insurance. Furthermore the amount paid is fully deductible by the parent in arriving at their business income which is reported on their tax return.