Tax Services
Preparing your own income tax return can be a daunting task that leaves you with more questions than answers.
Today's tax laws are so complicated and frequently changing that filing a return can be confusing. It is easy to overlook deductions and credits to which you are entitled--even with the use of computer software. There is no substitute for the assistance of an experienced tax professional. Let the team at WCA be your personal tax professionals.
Business Owner?
Are your books adequate to support the preparation of your tax return? If not, we can help. We'll clean up your bookkeeping for the year and prepare any applicable tax returns. Then we'll assist you in making sure your books are properly maintained so you can always have accurate snapshots of your business performance and correct information needed for essential financial and tax planning.
Consider Bunching Charitable Donations
The new tax law effective in 2018 includes an increase in the standard deduction, which will likely decrease the number of taxpayers that itemize their deductions and therefore obtain a tax benefit from their charitable contributions. We suggest that our clients who regularly make charitable contributions consider "bunching" them, or donate multiple years at one time, rather than giving annually. This way, they can itemize\deduct their donations in the year they make the contributions and take a standard deduction the years they do not.
430 Chestnut Street, 4th Floor
Chattanooga, TN, 37402
423.266.5177