Overview of Servies
Tax Online provides personalized tax, accounting, and consulting services. We provide resources to assist families and small businesses build wealth. Our priority is to cultivate strong, meaningful relationships built on trust, collaboration, and shared success.
Tax Services
- Maximize deductions and minimize errors by working with tax preparers who understand the intricacies of tax codes.
- Federal and state tax preparation: We prepare personal and business tax returns with all applicable schedules.
- Filing overdue returns: Prepare and submit tax returns from past years, while focusing on reducing penalties.
- Our tax experts help uncover applicable tax credits and deductions to maximize your tax refund or minimize the amount you owe.
- Tax credits and deductions can significantly increase your tax refund, or if you owe the IRS, credits and deductions can help lower your tax bill.
Required Tax Documents
Income Documents
- W2
- 1099s (1099-NEC, 1099-INT, 1099-DIV, 1099-R, 1099-SSA)
- Schedule C (Small Business)
- K-1
Other Tax Documents
- Prior Year Federal and State Tax Returns
- Social Security Number(s) of Taxpayer & Dependents
- Mortgage Interest Statement (Form 1098)
- Tuition Statement (Form 1098 T)
- Driver’s License / Photo ID
- Investment Statement
- Vehicle Year, Make, and Model
- HSA Statement – High Deductible Health Plan
Estimated Taxes
We assist individuals and businesses in accurately estimating their annual tax liability and preparing the necessary estimated tax vouchers. By making timely estimated tax payments, you can avoid costly underpayment penalties and interest. Additionally, quarterly tax estimates help distribute your tax obligation throughout the year, minimizing the financial strain of a large lump-sum payment when filing your return.
Tax Advisory Services
Prepare custom tax strategies. With tailored strategies and expert insights, you can maximize every eligible deduction and credit, effectively minimizing your tax burden while enhancing your overall financial well-being.
Tax planning typically occurs once a year, primarily focusing on compliance and avoiding penalties. In contrast, tax advisory is an ongoing, year-round service that goes beyond planning by providing clear insights into the tax savings each strategy offers. This proactive approach ensures clients not only stay compliant but also make informed, strategic decisions to maximize their financial outcomes throughout the year.
Accounting Services
Payroll Services
We offer weekly, bi-weekly and monthly payroll services for salaried and hourly employees. We also supply all the essential forms needed to seamlessly obtain the appropriate state identification numbers for your business, ensuring compliance and a smooth registration process.
We provide flexibility to print checks in-house or seamlessly process direct deposits, ensuring timely and efficient payroll management for your employees.
We keep businesses informed of all payroll liabilities, whether weekly, monthly, quarterly, or annually, ensuring they remain compliant with deadlines. We can also handle these payments electronically on behalf of the business, providing a hassle-free and efficient solution.
Bookkeeping Services
At Tax Online LLC, we provide comprehensive and personalized bookkeeping services tailored to meet the specific needs of our clients. Our services include accurately recording and organization of financial transactions, efficient management of accounts payable and receivable, accurate bank statement reconciliation, and the preparation of detailed financial reports in accordance with GAAP.
Let us handle the complexities of your finances, so you can focus on building wealth, expanding your business, and achieving your long-term financial goals.
Consulting Servies
Financial Modeling
We empower clients to drive their strategic, financial, and tax objectives forward through expert corporate finance solutions, advanced analytics, and in-depth economic analysis. By taking the time to thoroughly understand your goals, unique situation, and critical risks, we ensure the models we develop serve as dynamic decision-making tools rather than static reports.
CFO Services
Provide small business owners with strategic financial advice to support growth and sustainability.
We analyze businesses and provide a weekly and monthly summary of financial activities, highlighting key performance indicators.
We deliver detailed monthly financial reports based on your check stubs, bank statements, or QuickBooks data, providing you with a clear snapshot of your company’s current financial position.
Our team will meticulously reconcile your bank accounts with your records and statements, making any necessary adjustments through precise journal entries. This thorough process ensures your records are accurate and offers valuable insight into your company’s financial health at any given moment, allowing you to compare actual performance against projected budgets effectively.
