In the ever changing landscape of tax law, Ripple Tax provides comprehensive individual income tax services focused on tax compliance (filing your tax returns) and on proactive tax planning and tax savings.
We are there for you all year, not just during the filing season, to advise you on how income and deductions will affect your tax liability. This approach, where we communicate with you throughout the year, places us in a position to know about tax significant events and allows us to proactively help you implement tax savings strategies.
We will use our comprehensive knowledge of your taxable income and Federal/State withholding to insure that you are sufficiently withheld to avoid any underpayment penalties and to help you calculate any necessary Federal/State estimated tax payments.
Finally we will analyze your tax information and advise you on how you can reduce your tax liability; reduce your risk of audit; and advise you on how to use tax planning strategies to your advantage.
Whether you’re a corporation, partnership, LLC or sole proprietorship, we’ll ensure that you receive the most advantageous tax treatment and guidance with your federal, state and local tax compliance. We will work closely with you in choosing the right entity for your new endeavor; setting up and maintaining your bookkeeping; provide you with full service payroll processing; and provide you with CFO services to assist you in business strategy and tax planning.
Bookkeeping: Ripple Tax will assist you in setting up a customized bookkeeping system that works best for your specific needs. Whether tracking your income and expense for your business or creating a system for monitoring your household budget we will help you set up a framework best suited for your needs and ability so that you have knowledge of your financial position on a real time ongoing basis. We can help with all of your bookkeeping tasks from assisting you with setting up online bill pay to reconciling your accounts.
Payroll: Whether you require payroll for your business or for household help we will help you register with the proper Federal and State government agencies and set up your payroll. Our payroll system is an affordable, technologically superior, online interface that is easy to use and that integrates seamlessly with QuickBooks. Ripple Tax will file all Federal and State payroll tax forms on your behalf and will generate W-2’s for your employees. Through our payroll system we are also able to provide 1099-MISC reporting for any independent contractor arrangements you have with your business entity. Included with this service is the 1099-MISC issued to your contractor as well as the appropriate government filings.
Estate and Trust
Ripple tax will help you navigate the different estate planning options and assist you with the aid of your attorney to prepare a working estate plan. If you do not have an attorney Ripple Tax works with several estate planning and can refer one to you based on your need. If you are appointed as an executor of an estate it might seem an overwhelming and daunting responsibility. Ripple Tax will help you navigate the record keeping and tax filings required and help you understand how the tax laws will affect you and the heirs. We will be there to give you peace of mind as you handle the affairs of a deceased loved one. Finally, Ripple Tax can help you to understand the many different types of Trust entities and help you decide if formation of a Trust is in your best interest. Once formed, Ripple Tax will help you with the necessary record keeping and tax filings for your Trust entity.