Our Comprehensive Tax Preparation Services
At Cardinal Tax, we provide a broad array of financial planning services to accommodate diverse needs:
Individual Tax Preparation
Our individual tax preparation services cater to a wide range of needs, from simple tax returns to handling complex financial situations. We prioritize accuracy and efficiency, ensuring your personal taxes are processed swiftly and correctly, so you can focus on the essentials of your life.
Small Business Tax Preparation
Small business owners face distinct tax-related challenges. Our expertise is particularly focused on navigating these issues, with a thorough understanding of Schedule C for sole proprietors and single-member LLCs, and Schedule E for managing rental property income and expenses. We ensure your business complies with all applicable tax laws, helping you optimize your tax situation.
Corporate Tax Preparation
Our corporate tax preparation services are designed to support businesses of varying sizes, including those structured as S Corporations. We work closely with your finance team to ensure that every aspect of your corporate tax filing is accurate and comprehensive, from initial preparation to final submission.
Estate and Trust Tax Preparation
Handling estate and trust taxes involves understanding two key areas: estate taxes and estate income taxes. Estate taxes are calculated on the value of the decedent’s estate after deductions such as debts and funeral expenses, applying primarily to high-value estates. In contrast, estate income taxes are levied on income generated by the estate after the decedent’s death, such as dividends or interest. Our services ensure that both types of taxes are filed correctly, minimizing liabilities and ensuring compliance with both federal and state laws.
Tax Planning and Consultation
Beyond preparing your tax returns, Cardinal Tax offers strategic tax planning. We saved one client $26,000 during the 2023 tax year by implementing a cost segregation and accelerated depreciation on a rental property. See Tax Planning for more information.