Local Experts Providing Comprehensive Tax, Accounting & Payroll Services
Accurate and timely tax and accounting information and financial services are a necessity for any successful business or personal financial situation. Let the Karla Dennis And Associates, Inc. team provide you with the comprehensive services that will help you achieve your financial objectives.
We offer a full range of services with the expertise you require. When you work with Karla Dennis And Associates, Inc., you’ll benefit from a firm with the highest quality and most up-to-date expertise plus the friendly, local service that has contributed to the success of our clients for years.
We welcome you to review our comprehensive suite of professional services:
STRATEGIC TAX PLANNING
Karla Dennis And Associates, Inc.™ is not your average tax agent whose main purpose is to sell you a business strategy or product. We exist to help business lower their taxes, improve their profit margins, and acquire greater wealth. So, how do we help business owners make greater tax savings and retain more of their capital? Through targeted Strategic Tax Planning Services.
CRYPTO TAXES
More than 10 percent of Americans traded crypto in the last year — if you’re one of them, you’re probably wondering how your trades and other crypto activity will impact your taxes.
U.S. taxpayers are now required to report crypto sales, conversions, payments, and income to the IRS and state tax authorities. Moreover, each of these transactions has different tax implications.
To determine if you owe taxes, look at how you used your crypto in the last year. Transactions that result in a tax are called taxable events. Those that don’t are called non-taxable events.
BOOKKEEPING
Most businesses have office accountants or hire a bookkeeper to handle their books of accounts. At Karla Dennis And Associates, Inc.™, we know that accurate bookkeeping done on a consistent basis has a lot of advantages. Moreover, when it is done properly, it provides businesses with key insights that help business owners make informed decisions proactively.
TAX PREPARATION
At Karla Dennis And Associates Inc. ™, we are committed to offering professional tax preparation services in a personal and friendly manner. Through our personal approach, you can rely on us to provide you with the best tax prep services that are performed by experienced tax professionals who care about saving you and your business money. Our tax experts can identify valuable tax deductions and credits that will help you retain more of your hard earned money.
COST SEGREGATION
Someone said that money does not grow on trees but it could be hidden within the walls of buildings. We designed our cost segregation services with this in mind; to help individuals and companies find how much of their money is hidden within the walls of their properties so as reduce their tax obligations and to free up cash flow.
ENTITY STRUCTURE
Most entrepreneurs dream of running a successful business. In most cases, the plan is usually to come up with an idea, start a business from the idea, get customers for your business, scale up quickly and make a lot of money.
But it doesn’t happen that easily in real life. Running a successful business is no easy task. It requires a lot of effort, without which, a business is likely to fail. However, with a well thought out plan, nothing is impossible. A well-executed plan will set your business up for success by providing you with a road map that you will follow as you build your business.
AUDIT REPRESENT
The IRS is quite thorough in its quest to determine the accuracy of tax returns filed by individuals and business entities. Flagged individuals and businesses have to comply with the auditor’s wishes and when they don’t, they get IRS audit penalties as a parting gift. Such audits take a lot of valuable company time from your business as you will have to collect a lot of records to substantiate each and every entry in your tax return. You will also have to develop a substantial understanding of tax laws for you to stand a chance against the mean auditors from the IRS but you will not have to go through all this trouble if you have experienced tax professionals on your side like those from Karla Dennis And Associates Inc. ™.
From Our Blog
Six Must-Know Tips To Get a Fast Tax Refund In 2023!
01/23/23 Topic: How To Your Tax Refund Fast Tax season starts today, and many Americans around the nation are excited to receive their refunds. This blog post will list six things you do to ensure you receive your tax refund in the least amount of time possible. E-File Whenever Possible The IRS is currently facing a tax refund backlog. They still have millions of tax returns [...]
How To Create An Effective Budget In 2023
01/06/2023 TOPIC: Finance This is one of many guides that teaches you about finance to help you better manage and save your money. If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a new blog drops! In this blog, we are showing you how you can create a budget. If you are considering [...]
The Pros & Cons Of Starting An LLC In 2023!
01/06/23 TOPIC: Business Growth In this blog, we are listing the pros and cons of opening an LLC. If you're someone who is debating on opening an LLC, this is a blog you don't want to miss! If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a new blog drops What [...]
Tax Preparer vs. Tax Strategists: Which Will Save You The Most Money In 2023?
December 29, 2022 TOPIC: Taxes Tax season is coming very soon, and you're probably wondering how to maximize your tax savings this upcoming season. In this blog, you will learn the difference between a tax preparer and a tax strategist and determine which professional can save you the most money on taxes. What Is a Tax Preparer? A tax preparer prepares, calculates, and files income taxes on [...]
IRS’S New Tax Law! A $600 Headache For Millions Of Americans?
December 9th, 2022 TOPIC: IRS New Tax Law This guide will educate you on the IRS's new $600 reporting requirement. If you use third-party payment apps like PayPal or Venmo, keep reading! If you like blogs like this, feel free to follow us on social media and subscribe to our email list to get updates on when a new blog drops! What Is This New $600 Law? This new [...]
Detailed Beginner’s Guide: How To File Taxes 101
December 1st, 2022 TOPIC: How To File Taxes This guide will educate you on how to file taxes as a beginner. If you or someone you know has never filed taxes before and want to learn how this blog is for you! If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a [...]