About & FAQ
Calvin Lipscomb, EA
With 20 years of experience in tax planning and preparation, Calvin offers the personalized service you both want and need
Calvin understands that your tax situation is intricate, involving numerous moving parts that operate independently and intersect in complex ways. Partnering with a tax consultant who comprehends your unique situation is paramount for both your business’s success and achieving optimal tax savings.
Tax Planning Is Crucial!
In today’s intricate tax landscape, the cornerstone of achieving maximum tax savings is effective tax planning. Whether you’re an individual or a business, neglecting tax planning is not just a disservice to yourself, but it also means giving the IRS free money that could otherwise be utilized for your business, investments, or personal needs
NAEA Member
https://www.naea.org/
Frequently Asked Questions
What is Tax Preparation?
What is Tax Planning?
Tax Planning encompasses a thorough analysis of all income sources, expenses, and available credits to formulate the most strategic approach for minimizing your tax liability. Don’t hesitate; book your Tax Planning session today for maximum tax savings.
Is Tax Preparation and Tax Planning the same?
No, they are not the same. Tax Preparation focuses on ensuring tax compliance, while Tax Planning is centered around tax avoidance strategies. It’s essential to note that tax avoidance is entirely legal, whereas tax evasion constitutes a criminal offense.
Can I just DIY?
Yes, you can certainly choose the DIY route for your taxes. However, the challenge lies in the fact that many individuals and business owners often overlook valuable tax credits, deductions, and expenses that could have potentially saved them thousands of dollars. The reality is that working with a knowledgeable tax professional not only pays for itself but also results in substantial tax savings.
What are the costs?
Quoting a cost for our services without knowing your specific tax situation can be challenging. Several factors come into play, such as your level of organization, the number of businesses you have, whether you own real estate, your investment portfolio, and the complexity of multi-state filings. As you can see, various factors can and do impact pricing. You can also arrange a Tax Planning or Tax Consulting meeting. Our services encompass tax compliance (preparation), tax planning, and tax consulting, and we tailor our approach to meet your specific needs.
Our services cover tax compliance (preparation), tax planning, and tax consulting. You are free to choose the specific service or services that currently suit your needs. It’s essential to understand that we don’t offer one-size-fits-all solutions. Instead, our services are meticulously tailored to your unique situation.