Tax & Accounting
At Denise M. Knight & Associates LLC, we offer several tax and accounting services to individuals and businesses in a variety of industries. We seek to meet each client's unique needs in planning for the future and achieving their goals in an ever-changing regulatory environment.
Tax planning considers the tax implications of individual, investment, or business decisions, usually with the goal of minimizing tax liability. A major goal of tax planning is minimizing federal income tax liability. This can be achieved by reducing taxable income, deduction planning, investment tax planning, and year-end planning strategies. We guide you through a full range of tax planning decisions with strategies designed to minimize your tax liabilities and maximize your cash flow.
Individual, Corporate, Partnership, and Estate Taxes
We have in-depth knowledge of a variety of tax entities, including individual, corporate, partnerships, LLCs, trusts, and estates. Our goal is to minimize your tax liability and maximize value. We prepare personal and business tax returns promptly. Moreover, we advise you throughout the year on the tax implications of various business decisions and offer tax planning insight and strategies that aim to minimize your current and future state and federal tax liabilities.
We assist you in the preparation of company financial statements, which can serve as an important component of a management’s financial decision-making process. Additionally, banking relationships often require the preparation of financial statements by an independent CPA firm due to covenant and guarantor provisions.
From startups to established enterprises, businesses rely on accurate and insightful financial information to maintain profitability and capitalize on new opportunities. We help steer you toward your goals with accurate record-keeping and reporting, as well as support on financial issues. This may include initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans. We also provide QuickBooks accounting services.
IRS and State Audits
If you have received an audit, we can assist you in understanding your choices, preparing a response, and walking you through the process. By highlighting opportunities and identifying potential problem areas, we believe you can make more informed decisions throughout the process.