As a new client of Estess CPAs, what kind of documents do I need to bring with me to my appointment?


Business clients:   


The last two years financial statements; current year to date financial reports; last two years income tax returns (including state and local); organization formation documents; fixed asset schedule; copy of loan and lease agreements; copy of buy-sell agreements; copy of benefit plan documents. 


Individual clients:  


The last two years income tax returns (including state and local); personal financial statement; investment statements (retirement & other); copy of insurance policies; copy of loan documents; copy of wills and estate documents. 


How can I save on my taxes?


The best way to save on your taxes is to schedule an appointment with one of our CPAs here at Estess CPAs. We will go through their entire return with you and show you what more can be done to maximize deductions and lessen taxable income. 


What entity should I choose for my business?


The answer to this question will differ depending on your situation. For example, we will evaluate your projected business longevity and evaluate your industry to see which entity is best. Discussions about entities often begin during your individual tax return preparation.  


How much salary should S Corporation owners take?  


Business owners want to know how much to pay themselves. While there is no exact formula for determining reasonable compensation. We work with you each month to make sure that you are meeting your expectations, profitability, or other responding well to industry changes. We also prepare tax projections as needed so that there are no surprises when the tax returns are filed. These discussions will lead to ways in which we can help you better plan for the long term. 




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