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We specialize in providing small businesses with professional bookkeeping and tax services. We help businesses with important tax and financial planning strategies that are critical for continued success. |
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54% of U.S. workplaces have fewer than 5 employees. In Massachusetts, 85% of workplaces have fewer than 20 employees. Source: Business Week Small Business Web site |
OUR SERVICES INCLUDE:
Bookkeeping
We provide:• Financial Statement compilation
• Financial Statement Review & Analysis
• Trial Balance and General Ledger generation
• Recording of all business transactions
• Bank statement reconciliation
• Fixed asset and depreciation tracking
• Payroll return processing
• Sales and Use tax return
Tax Services
Preparation of federal and state income tax returns for:• Individuals, including e-filing tax returns to the IRS & Massachusetts Department of Revenue
• Sole Proprietors
• C Corporations
• S Corporations
• Limited Liability Companies (LLC) and Limited Liability Partnerships (LLP)
• General and Limited Partnerships
• Trusts and estates
• Gifts<< Mr. Nichols has a Master of Science in Taxation from Bentley College >>
Tax Planning & Advice for Business
• Mergers & Acquisitions
• Compensation Planning
• Retirement Planning
• IRS and Massachusetts Department of Revenue Representation
<< Mr. Nichols holds an MBA with a concentration in accounting from Bentley College >>
New Ventures
• Development and/or evaluation of business plans
• Entity planning (S Corp. vs. C Corp. vs. Sole Proprietorship vs. LLC)
• How to minimize employment taxes
• How to evaluate "Employee" versus "Independent Contractor"
• Gift and Estate Taxes
• EFTPS setup
• Development of budgets & forecasts
• Health insurance planning
• Explanation of rules related to maintaining books and records
• Explanation of general rules for deducting expendituresTax Planning & Advice for Individuals
• Alternative Minimum Tax (AMT) analysis & planning (including tax planning strategies related to stock options)
• Capital gains analysis and planning (including explanation of the "wash sale" rule)
• Home ownership analysis & planning (including the tax implications of selling your home)
• Retirement planning (including Roth conversions)
• Planning for paying for college, including financial aid planning
• IRS and Massachusetts Department of Revenue Representation
• Tax-planning strategies that are possible to implement after year-end
• Estate and gift planning
• Tax-planning related to a child's income (kiddie tax, gifting, retirement)
• Tax implications & planning for investing in real estate, including buying a multifamily or vacation home.
138
River Road, Suite B-1 | Andover, MA 01810
tel: 978.685.1600 | toll free: 866.241.7614 | fax: 978.685.3200 | e-mail:
mnichols@mwncpa.com