Est. 1991
Address : 1806 4th Ave E.
Olympia, WA 98506
Office: (360)357-7245
Services Provided
At the Taxman, we know how it can be stressful preparing for tax season, or starting up a business. But it doesn't have to be. There is over 30 years of experience with accounting, bookkeeping, corporate returns, tax preparation, and so much more. You can rest assured no matter the job, it will be taken care of with the utmost confidence and professionalism.
Tax Preparation
We help our clients as if we are preparing our own taxes.
We ensure absolute accuracy when filing various tax forms for individuals, companies, or organizations. When clients come in for their appointment(s), we advise them to please bring with them the following documents:
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Social Security cards of all family members
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Driver license or non-drivers ID (spouses filing jointly must both be present)
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Last year's federal and state tax returns (if this is your first time with us)
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W-2 forms
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1099s for interest, dividends, retirement, Social Security, unemployment or self-employment
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1095 for health insurance coverage
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Letters or documents from the IRS
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Childcare receipts - name, address, tax ID# and amount paid
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Tuition expenses and book receipts (1098T) and student-loan interest (1098E)
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Receipts for property tax, vehicle tags (business), charitable gifts and medical, dental and prescription-drug expenses
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Account and Routing number from bank for direct deposit
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Please contact us today if you have any questions or concerns regarding taxes, we would be more than happy to help: (360)357-7245
Tax Facts:
The IRS received a record number of over 1,500 calls per second during the 2021 filing season. Only 11% of calls received live assistance, with hold times averaging about 23 minutes.
Business & Personal Returns
Whether you are filing for your business and/or your personal taxes we go through everything to make sure you have the maximum available return on your taxes.
Most businesses must file and pay federal taxes on any income earned or received during the year. Partnerships, however, file and annual information return but don't pay income taxes. Instead, each partner reports their share of the partnership's profits or loss on their individual tax return.
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If you have your own business, you must pay Social Security and Medicare taxes. Otherwise, you won't be covered under the Social Security system.
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If you have employees, there are federal tax requirements for what you must pay and the forms you have to file. These employment taxes include:
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Social Security and Medicare taxes
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Federal income tax withholding
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Federal unemployment (FUTA) tax
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FUTA ensures that people can receive unemployment benefits after losing a job.
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Businesses in all states pay state workers' compensation insurance and unemployment insurance taxes.
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The Federal government taxes businesses that manufacture or sell certain products. If your business uses various types of equipment, facilities, or other products, you may need to pay an excise tax.
Tax Facts:
860,000 tax returns totaling $2.8 billion reviewed as a result of identity theft filters in 2021 filing season.
Professional Accounting
When it comes to recording financial transactions pertaining to a business, our years of experience along with attention to detail, will exceed your expectations, and get the job done correctly the first time.
Accounting is one of the key functions of almost any business, so accuracy is a high priority. There are multiple reports that have to be generated by various streams of accounting, such as cost accounting and managerial accounting. There are invaluable in helping management make informed business decisions.
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Attentions to detail is a component of accounting that can't be taken lightly, with over 25 years of experience, the ability to either mitigate errors, diagnose and correct subtle errors or discrepancies in a company's accounts become second nature.
Tax Facts:
Abraham Lincoln signed the Revenue Act in 1861, which imposed the first ever federal income tax. To drum up funds the Civil War, Lincoln and Congress enacted a modest 3 percent tax on income over $800, which would be roughly $23,000 today.
Bookkeeping & Payroll
Bookkeeping and payroll can be a very important part in a company's daily reports, with the Taxman, you won't have to worry about preparing any of this on your own. You give us the financial transactions, and we take care of the rest.
As a seasoned bookkeeper the responsibility of recording daily financial transactions, updating a general ledger and preparing trial balances for perusal by accountants, goes unmatched in the area. We maintain and file requisite documents for taxation compliance. Monitor cash flow and produce financial reports to assist managers in taking strategic decisions. Payroll is also an important aspect of this, and making sure employees are paid in time, correctly is a crucial step for success.
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Bookkeeping and accounting may seem similar, but there is a critical difference between the two, and we proudly cover both skill sets to the highest of standard.
Tax Facts:
In 1698, Russia's Peter the Great introduced a beard tax. After embarking upon what he called a "Grand Embassy" across Europe to observe more Western cultures and processes, Peter came back with a number of reforms designed to bring Russia up to speed - and one of those reforms impacted facial hair.
Business Start-up
Start-ups can be draining, stressful, and confusing. Appling for your EIN, filing for business licenses, the checklist goes on and on. With our experience with multiple start ups.
There are multiple steps in getting your business started, registering with the state and with the federal government. This is the first major step in starting your business, making it legal. Once that is completed you'll need to get your federal and state tax IDs. Getting a employer identification number (EIN) for important steps such as opening a bank account and paying taxes. It's like a social security number for your business. Then it's applying for licenses and permits. Filling out this information can be easily done at our office location with someone walking you through step by step, and filling out the proper paperwork that needs to be filed to make your business 100% compliant the first time.
Call
360-357-7245
Address
Olympia, WA 98506