Since 2009, El Dorado Hills Tax Solutions provides accurate, fast, and affordable tax accounting services to individuals and businesses.  Their experienced associates offer tailored solutions in accounting, bookkeeping, payroll processing, and taxation services by adopting a practical and reliable approach for needs of each client.

Tax Prep and Planning

Tax Problems

Small Business Accounting


Virtual CFO

QuickBooks

Advisory Services

 

 

Industries Served

Associations, Attorneys, Consultants, Contractors, Dealerships, Dentists, eCommerce, Landlords, Physicians, Retail Stores, Restaurants, Schools and Social Service Agencies

 

 

 

 

Certifications and Memberships

Tax Solutions

Tax Prep & Planning

While a computer software program may help find deductions, there’s no substitute for the quality of service and advice you’ll receive from an experienced tax professional.

 

Here are a few of the benefits you’ll reap when using our service:

 

  • We’ll prepare all of the appropriate forms and record all figures and calculations accurately.

 

  • We’ll make sure that you receive all of the deductions and credits to which you are entitled.

 

  • We’ll file your return electronically to speed delivery of refunds.

 

We’ll work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less.

 

We’ll show you how to adjust your finances to take advantage of tax benefits on future returns.

 

Are you a sole proprietor? Have you been so focused on your business that you haven’t paid close attention to your books? No worries! We'll tidy things up and prepare your Schedule C as part of your personal income tax return. Then we'll help you set up an easy system to keep your books current going forward.

 

Strategies

  • Splitting income among several family members or legal entities to take advantage of lower income tax brackets
     

  • Shifting income or expenses from one year to another when it can yield a lower tax rate
     

  • Deferring or eliminating tax liability through use of tax-advantaged investment vehicles
     

  • Tracking all expenses eligible for itemized deduction
     

  • Taking advantage of tax credits
     

  • Adjustment of payroll withholding

 
 

Tax Problems

Even if you have not been targeted for an IRS Audit, you may be aware of problems that will catch up with you eventually. Common examples include:

 

  • Missed tax filings for one or more years

 

  • Insufficient funds to pay the tax liability when due

 

  • Failure to remit payroll taxes

 

We’ll work with you to review your prior tax years and make sure that all of your tax filings have been submitted accurately. If you don’t know what’s included in your tax record, we’ll help you get copies from the tax authorities without raising any "red flags." We'll assess your tax liability and the associated interest and penalties. Then, we’ll work with you on an approach to negotiation.

 

It is far better to face your problems than to wait for them to land on your doorstep. We’re here to help in any way we can.

 

Resolution Strategies

  • Settle your tax debt for less than the full amount owed if the tax authority deems your offer to be the most they might collect within a reasonable time period.

 

  • Payment Plan to resolve debt. This approach protects you from asset seizure to settle your obligations. It may be possible to secure relief on penalties and/or compound interest.

 

  • The IRS provides Innocent Spouse Relief when for an aggrieved party when his or her spouse or former spouse failed to report income, reported income improperly, or claimed improper deductions or credit.

 

  • If circumstances do not lend themselves to a negotiated settlement, then it may be necessary to seek protection through a Bankruptcy filing.

Small Business Accounting

Businesses of all shapes and sizes depend on accurate, insightful financial information to manage their day-to-day operations, capitalize on opportunities, and sustain profitability. We lend our expert support to meet your accounting needs so that you can focus your time and energy on building a strong business.

 

  • Bookkeeping

  • Bank Reconciliation

  • Financial Statement Prep

  • Individual Consultation

  • Payroll

 
 
Virtual CFO​

As your business prospers, a part-time Chief Financial Officer can help you develop financial plans to support business strategy, provide oversight of your accounting and administrative functions, and establish safeguards to mitigate risk. Our seasoned professionals fulfill your needs at a fraction of the cost of a full-time employee.

 

  • Business Planning

  • Financial Management

  • Risk Management

 
QuickBooks

Set-Up & Conversion

Although QuickBooks is very easy to use, it takes a bit of expertise and foresight to design the system for maximum benefit and effective control. Moreover, a new system set-up or conversion presents the opportunity to address long-standing gaps, inefficiencies, and annoyances. You don’t do it often, so you might as well do it right!

 

Although we tailor each engagement to each client’s needs, here is a list of QuickBooks Set-Up services that we offer:

 

  • Enter transactions since the start date using tools to import multiple transaction types and large quantities of data

 

  • Assess accounting and reporting requirements

 

  • Establish hardware and software specifications

 

  • Install the accounting software

 

  • Design and implement the chart of accounts, loading balances as of the start date

 

  • Record outstanding accounts receivables and payables

 

  • Enter ending statement bank balances and outstanding checks, deposits

 

  • Compare trial balances from the old and new systems to ensure that all data was transferred correctly

 
Advisory Services

We offer value added services that help you structure and manage your business to its best advantage. We help new businesses get off the ground and provide objective assessments of existing ones. We help you establish policies and procedures to protect vital assets and perform audits to ensure the integrity of your records. You reap the benefit of increased efficiency, control, and insight.

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The service area for Trusted Local Professionals that are listed on trustedlocalprofessionals.com include

Folsom, Orangevale, Rancho Cordova, Sacramento, El Dorado Hills, Placerville, Rocklin, Roseville, Auburn and surrounding communities.​