Client Services

Tax Services

Tax Services

James E Roberson & Company, P.C. offers a wide range of federal and Texas tax services. We pride ourselves on our attention to detail and we strive to custom tailor tax strategies to each of our client's needs - from individual filers to complex corporations. Our expertise includes:

Tax Compliance

We think the foundation for your happiness and growth in business is to comply with the tax laws. This means that you need to know your filing requirements and due dates for each of your various taxing authorities.

We can help. Our first appointment consists of a conference at which we identify your filing requirements. We then draw up an engagement letter that details what we will provide and exactly what we'll need from you. Then we track the due dates and contact you in advance so, together, we can fulfill all your reporting requirements in a timely fashion.

Tax Planning

The concept of tax planning is really very simple: Arrange your financial affairs so that you maximize your net worth while paying the least amount of taxes required by law. Practicing that concept can get a little tricky.

Almost all financial transactions have tax consequences. The reporting of these transactions is governed by the Internal Revenue Code, regulations, case law, revenue rulings and private-letter rulings. Our job is to understand your financial transactions and to assist you in applying any of the above rules and guidelines to your advantage. The application of tax findings is not always black or white, however, and it is the gray areas that can produce the greatest protection for your net worth.

Tax rates for individuals, corporations and trusts are graduated, which means the higher your taxable income, the higher the tax rate. That's one reason we like to begin our relationship by reviewing the number and type of taxable entities you have. By looking at the complete tax picture we may find that unexplored opportunities in one entity may eliminate pressures on another.

For instance, wages paid to a child eighteen or younger who works in your unincorporated business are not subject to payroll tax. A child who works can earn up to $5,950 before any taxes are due for 2012 and $6,100 for 2013. Another example: "C" Corporations can accumulate money for business expansion at a lower after-tax cost than the same funds saved in "S" Corporations, partnerships or proprietorships.

Effective tax planning requires analyzing where you are, where you want to be and then developing strategies to help you get there as quickly as the law allows.

Accounting Services

Accounting Services

Accounting is the language of business; it communicates how well your business is doing. By developing a plan for your business, expressed in the language of accounting, you can monitor results and make adjustments along the way to increase your chances of success.

All businesses have reporting requirements. You report income and are allowed to deduct ordinary and necessary business expenses incurred to generate this income. Accounting systems let you accumulate the necessary data to comply with reporting requirements and to account for your expenditures. In our opinion this is underutilizing the accounting system.

We recommend that as you develop plans for the future of your business, you express them as financial projections. These projections are your map to happiness and success in business. Then you can use your accounting system to monitor and compare results of operations to your initial projections. Adjustments may need to be made in marketing, cost of sales, overhead expenses, borrowed funds or infusion of capital.

We can help. Our services range from simply doing your bookkeeping in our office to setting up systems in your office for your staff. The key is to implement the accounting system that works best for you and your staff; including whatever training is needed. We will be there every step of the way, providing:

Financial Statements

• Standard statements compiled and reviewed monthly, quarterly, semi-annually and annually
• Personal financial statements

Bookkeeping

• Full-service bookkeeping
• Bookkeeping assistance
• Bookkeeper training
• Payroll reports and W-2 tracking and preparation
• Form 1099 preparation
• Sales tax preparation