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Tax Accountant Tempe AZ

Your Local Accounting Experts

Tax Accountant Tempe Az

When business owners and individuals in Tempe need a reliable tax accountant, they choose LBS Tax Services. Our team provides comprehensive accounting and tax preparation services to help you plan, manage, and grow with confidence. From bookkeeping services to business tax consulting, payroll, and strategic tax planning, we’re here to support your financial success year-round.

Early financial decisions can make a big impact on your company’s future. When those decisions involve business taxes or personal tax planning, our expertise ensures you save money, stay compliant, and achieve your financial goals.

Why Hire a Tax Accountant?

If you don’t have an in-house accountant, working with an experienced Tempe CPA firm is the smart choice. At LBS Tax Services, we offer year-round accounting support, not just during tax season. This means you’ll always have accurate financial data and expert guidance readily available.

We help you:

  • Prepare for tax season so you get the maximum refund
  • Avoid costly mistakes and compliance issues
  • Make informed, tax-effective decisions for your business

Whether you need income tax planning, estate and trust tax preparation, or sales tax filings, our team has you covered.

Our Business Accounting Services

Tax Accountant Near Me Tempe Az

We provide tailored solutions for small businesses, corporations, and individuals. Our services include:

General Ledger Setup & Reporting

We’ll create a structured ledger system to manage accounts, track assets, and simplify financial reporting for better decision-making.

Financial Statement Preparation

Our team compiles accurate, detailed statements that reflect your company’s financial position, essential for planning, audits, and compliance.

Accounting System Setup & Support

A reliable accounting system prevents future issues. We set up and maintain your systems for seamless operations.

Cash Flow Statements & Projections

Stay on top of your finances with cash flow statements and projections, giving you a clear view of incoming and outgoing funds.

Budgeting & Strategic Tax Planning

Effective budgeting helps your business maintain stability and plan for growth. We also offer strategic tax planning for small business owners and individuals.

Training & Bookkeeper Support

Tax law changes frequently. We provide bookkeeper support and ongoing training to ensure your staff stays current and accurate.

Common Tax & Accounting Services We Offer

  • Tax preparation for individuals and businesses
  • Estate and trust tax preparation, including estate tax returns and gift tax returns
  • Amended returns for past filing corrections
  • Sales tax filings and compliance
  • US income tax consultation and income tax checklist assistance
  • Payroll services for small businesses
  • Personal tax planning, including refund money optimization
  • Investment and financial consulting with professional expert services

Common Tax Accountant Questions

What are the tax implications of starting a new business?
Starting a new business can have significant tax implications. You may be required to register for a tax ID number, file for various licenses and permits, and pay various taxes such as income tax, sales tax, and payroll taxes. It is important to work with a tax accountant to ensure you understand and comply with all applicable tax laws and regulations.
How can I minimize my tax liability as a small business owner?
There are many strategies that small business owners can use to minimize their tax liability, including taking advantage of deductions and credits, maximizing retirement contributions, and using tax-efficient business structures. It is important to work with a tax accountant who can help you identify opportunities to reduce your tax burden while staying compliant with all tax laws.
What deductions and credits am I eligible for as an individual taxpayer?
As an individual taxpayer, you may be eligible for a wide range of deductions and credits, such as the standard deduction, home mortgage interest deduction, and various education and child-related credits. Working with a tax accountant can help you identify all of the deductions and credits that you are eligible for and ensure that you claim them correctly on your tax return.
What are the tax implications of investing in stocks, real estate, or other assets?
Investing in stocks, real estate, or other assets can have significant tax implications, including capital gains taxes, dividend taxes, and property taxes. It is important to work with a tax accountant to understand the tax implications of your investments and develop a tax-efficient investment strategy.
What steps can I take to avoid an audit by the IRS?
While there is no guaranteed way to avoid an audit by the IRS, there are steps you can take to reduce your chances of being audited. This includes keeping accurate and complete records, reporting all income and deductions correctly, and avoiding red flags such as claiming excessive deductions or having income sources that are significantly different from prior years. Working with a tax accountant can help ensure that your tax return is accurate and complete, reducing your chances of being audited.

Why Choose LBS Tax Services?

  • Enrolled Agent Representation: Our team includes IRS-authorized Enrolled Agents to handle audits, collections, and appeals.
  • Local Expertise: As Arizona tax advisors, we understand both federal and state tax laws.
  • Customized Support: From individual tax return checklists to estate planning and business consulting, we tailor every solution to your needs.

Schedule Your Consultation Today

At LBS Tax Services, we’re committed to helping you achieve your financial goals through expert accounting, proactive tax strategies, and ongoing support.

Call us today at (480) 664-1249 or contact us online to schedule your free consultation with a trusted Tempe tax accountant.

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