A tax accountant is a finance professional that prepares and files tax returns for businesses, individuals, and families.
They are knowledgeable in federal, state, and local tax laws.
Our accountants in Eau Claire WI have the experience to confidently manage many tax-related responsibilities.
What does a tax accountant do?
A tax accountant is responsible for preparing and filing tax returns for individuals and businesses. This also includes looking ahead at possible tax breaks and financial solutions that could save the individual or business money.
When you are looking for tax preparation in Eau Claire WI, the smart choice is to work with a firm that has tax accountants on staff. These professionals are proficient in current tax laws and use that experience in every service they perform.
At a glance, the main responsibilities of a tax accountant are:
- Preparing and filing federal, state, and even local tax returns
- Researching current tax regulations and laws
- Answering tax-related questions
- Managing and communicating with tax authorities about filed returns
- Completing tax reports as needed
- Maintaining a business’s tax database
- Identifying tax breaks and suggest actions that may improve profits
Payroll Services in Eau Claire
The Eau Claire accounting professionals at Advisors Management Group also offer payroll services. This is another branch of Eau Claire accounting for payroll taxes because it involves not only paying employees but also paying federal, state, and local payroll taxes on behalf of the business.
Relying on a tax accountant to handle payroll services lets you know that every step of the process will be handled professionally and reliably.
Payroll services we offer include:
- Processing payroll for employees
- Creating and filing payroll tax statements
- Withholding and paying employee garnishments
- File federal, state, and local taxes
- Manage employee time, attendance, and benefits
- Providing management reports
A well-trained, dedicated accountant can handle every step of the payroll process for you, from tracking employee time to paying employees.
Tailored to your business, you can choose to pay employees weekly, bi-weekly, or monthly. Payroll services can pay employees with paper checks or direct deposit.
Advisors Management Group uses an online platform that allows 24-hour access to your documents. By logging into the portal, you can view current information. Managing garnished wages is another vital part of payroll; accountants deduct the proper amount and make sure it is sent to the proper place.
Managing And Filing Payroll Tax Statements
Payroll services can also cover the timely filing and distribution of tax statements to all employees. This includes sending the proper tax forms to part-time and full-time employees and independent contractors.
Managing Employee Attendance And Benefits
Whether a small business has hourly or salaried workers, accountants will oversee and calculate their attendance and benefits.
Everything from overtime payouts to worker’s compensation benefits and other employee wage benefits are taken care of by trained accountants.
Payroll services also handle employee deductions for benefits like 401(k)s and/or mutual fund plans.
Providing Management Reports
With the range of Eau Claire WI tax services accountants offer, they can also keep business owners more informed by providing in-depth (but easy to understand) reports.
Some of the calculations that might be in a payroll report includes:
- Total overtime hours
- Time theft
- Pay rate
- Hours worked
These reports give business owners the ability to see at a glance how much they are spending, which will help them create budgets and make financial decisions.
What types of employees do payroll services cover?
Our Eau Claire WI accounting firm can manage payroll services for any type of employee a business has.
This includes full-time, part-time, and independent contractors.
How much do payroll services cost?
The cost of Eau Claire payroll services depends on the size of the business and its specific needs. Because your business matters to us, we will meet with you for a free consultation to analyze your needs and give you the most accurate estimate for our services.
Our services are fee-only. We do not try to sell unnecessary products or packages because we do not make a commission. Payroll service fees are based on the size of your company and the number of employees you have. Contact us to learn more.
Tax Preparation Services in Eau Claire WI
Our experienced and trustworthy tax accountants do more than just file tax returns. They stay educated on current tax laws so they can help you save more money.
In addition to filing federal, state, and local tax returns, Advisors Management Group offers additional tax preparation services. Your Eau Claire tax accountant will look closely at your information and determine whether there are any changes you can make that will increase your business’s profit.
Our tax preparation services in Eau Claire WI are beneficial for individuals and families, too. They will suggest areas that might save you money or even possibly increase your tax refund.
File Tax Returns
It’s important to hire an accountant that is experienced in Eau Claire tax laws.
Accountants in Eau Claire WI prepare returns and keep your financial information organized and recorded so you don’t have to worry about maintaining years of tax information.
In addition to filing tax returns, accountants help people plan for future tax years. They do this by looking at a person’s (or family’s) current financial habits and suggesting ways to increase deductions and increase income.
Many people rely on accountants to plan ahead financially and make smart investment, saving, and spending decisions. This is true for individuals, families, and businesses.
Taxes don’t just affect people or businesses once a year. It’s important to have a plan for how to handle inheritance and death taxes as well.
As an experienced Eau Claire accounting firm, we can look at the big picture and help you plan for the future. If you own a small business and don’t have a plan, we will work with estate planning attorneys and other financial planners to suggest steps you can implement to protect your interests.
A tax accountant can also offer advice about personal estate planning. Advice will change as the tax laws and codes are changed, so it is smart to hire an accountant that is consistently educated and aware.
Personal Financial Growth
Tax accountants can help individuals, couples, and families save money on their taxes. Setting up consultations with accountants helps people understand what they are doing with their money that is benefiting them and what they can change to increase their income.
Both businesses and individuals can rest knowing that their tax accountants will manage all future communications with the IRS on their behalf. This includes handling audit requests, filing the required forms, and setting up direct deposit for payments.
For some people, this is one of the best benefits of hiring a local tax accountant – not having to worry about talking to the IRS.
Answering Tax-Related Questions
Our Eau Claire tax accountants are available to answer any tax-related questions you might have. Whenever anyone sets up an appointment, we can go deep into their taxes and create actionable steps that save money.
Taxes can be overwhelming. Tax laws change often, making it even more confusing. It’s a relief to know that a tax accountant will be able to help you understand everything you need to know.