Tax Return Preparation

I do my best to make sure clients are not surprised when April 15th rolls around. Hopefully, by working with clients during the course of the year, I can address potential tax problems in order that the tax burden may be reduced, or at least anticipated ahead of time. It's much easier to deal with a tax problem before it happens than after the fact. In many cases, advance planning can make a substantial difference in the amount a client owes when the return is filed.

With that being said, despite what your neighbor may tell you, there is rarely one magic way to reduce your taxes to zero, however, there are a lot of little things that can reduce the amount of tax you pay. I have had various people tell me about their buddy who doesn't pay any tax because they spend all the profits in their business, so they basically break even and don't owe any tax. What a lot of new business owners don't appreciate is that when you spend a dollar, you don't reduce your taxes by that same dollar, you only reduce your taxes by your marginal tax rate, say 25%. In my opinion, it makes little sense to spend a dollar to save 25 cents of tax. With some exceptions, the reality is the people that don't pay any tax probably don't have any money in the bank. If you pay $50k in tax, there should be a sizable balance in the bank. While it may represent a moral victory to pay the IRS nothing, most of us would trade that for a sizable sum in the bank.

Get in Touch With Me.

Call me at 405 810-8119 with any questions or to schedule an appointment.

 

Greg Karnes CPA

4301 NW 63rd St, Suite 200

Oklahoma City, OK 73116-1504

 

Or you may use my contact form.

 

Competitive Fee Structure

 

… but if you are looking for the cheapest, you are probably best served by looking elsewhere…

New tax clients are expected to provide copies of their last 3 years of tax returns and provide permission to contact prior accountant to resolve any issues, if necessary.

 

Regretfully, I am unable to accept new clients who have unfiled prior-year’s tax returns,  who are not current with all prior tax obligations, are involved in any marijuana-related business ventures, have any income from gambling, or are personal-injury attorneys.

 

Though not required, supporters of President Donald J. Trump & Governor Kevin Stitt are generally preferred.

ODELL BECKHAM JR.

NOVEMBER 23, 2014

GREATEST CATCH EVER ??

RUSSELL WESTBROOK

FEBRUARY 16, 2015

NBA ALL STAR GAME MVP

41 POINTS  

3RD MOST EVER SCORED

OU SOONER - SAMAJE PERINE

NOVEMBER 22, 2014

427 RUSHING YARDS

MOST EVER BY A COLLEGE RUNNING BACK

LOWER TAXES

=

HIGHER GOVERNMENT REVENUE