Stefforia, Petik & Carlson, CPAs provides a comprehensive range of services, including the following primary areas (click on each to learn more):
Accounting Services and Quickbooks
We provide full business accounting services, including general ledger maintenance, bank reconciliations, payroll, financial statement preparation and business sales tax and property tax returns.
QuickBooks accounting software makes most of the day-to-day bookkeeping operations relatively easy to perform.
We can help you determine which of the QuickBooks products would work best for you. We are available to help you through the installation and setup processes.
We will continue to advise, support, and train you or your staff at critical stages throughout the year.
We can review your bookkeeping on a regular basis to ensure your accounts are accurate.
Contact UsEstate Tax Planning Services
We can guide you through the complex process of transferring your assets to your beneficiaries while reducing or eliminating the taxes due on these transfers.
We also offer complete income tax preparation including estate, trust and gift tax returns.
Management Consulting Services
We offer many other services that can help you meet your business needs.
We provide business income tax planning and operational advice to highlight the how and why of improving your business’ performance.
Starting a business? We can help you select the right structure for your business. We look at the pros and cons of C-corporations, S-corporations, partnerships or LLCs.
We help you complete the necessary start-up documents.
Selling or buying a business? We can guide you through the process. Our staff has more than 20 years of experience providing professional advice to businesses and individuals.
Contact UsReview, Compilation and Preparation
All of our clients rely on the critical information about their businesses they find in timely and accurate financial statements.
A clear financial picture of your business can help secure loans, support business decisions, monitor results, and show the progress of your business over time.
We provide financial statement review attest services to both for-profit and not- for-profit entities.
Should your business need compilation or preparation of financial statements we provide those services as well.
Contact UsTax Planning and Preparation
We offer complete income tax return preparation services including federal, state and local returns for individuals, corporations, partnerships, estates and trusts and not-for-profits.
Our goal is to minimize your tax liabilities by effective planning and knowledge of the latest government regulations.
Corporate and Partnership Income Tax Returns (Forms 1120, 1120S, 1065) – Tax preparation for C-Corporations (Form 1120), S-Corporations (Form 1120S), partnerships and LLCs (Form 1065).
We will make sure you are taking full advantage of all the tax benefits available to your business.
Individual Tax (Form 1040) – Tax preparation for individuals (Form 1040) and ongoing consulting and planning advice throughout the year.
Estate and Trusts (Form 1041) – Tax preparation for estates and trusts (Form 1041).
Non-Profit Returns (Form 990) – Return preparation (Form 990) and operational advice and consulting for non-profit organizations.
During the year, you can meet with us at any time to plan how you can reduce your income taxes AND to make sure you take full advantage tax saving tips.
Contact UsHelpful Articles
IRS reminds taxpayers an extension to file is not an extension to pay taxes
For most individual taxpayers the tax filing and payment deadline is Monday, April 18, 2022. Those who need more time to file can request an extension to file. Taxpayers must request an extension to file…
A tip for teachers: Some educator expenses may be tax deductible
The educator expense deduction allows eligible teachers and administrators to deduct part of the cost of technology, supplies and training from their taxes. They can only claim this deduction for expenses that were not reimbursed…
Michigan to Grant Extensions to Severe Storm and Flooding Victims
State Treasurer Kevin Clinton announced today that the Michigan Department of Treasury will observe the Internal Revenue Service’s (IRS) tax filing extension, granted to taxpayers who were adversely affected by the severe storms and flooding…
What teachers should know about deducting out-of-pocket classroom expenses
Now that fall is here and school has started, many teachers are dipping into their own pockets to buy classroom supplies. Doing this throughout the year can add up fast. Fortunately, eligible educators may be…
Most taxpayers can deduct up to $300 in charitable contributions without itemizing deductions
Following tax law changes, cash donations of up to $300 made this year by December 31, 2020 are now deductible without having to itemize when people file their taxes in 2021. The Coronavirus Aid, Relief…
What taxpayers should do if they have incorrect or missing documents
Taxpayers should make sure they have all their documents before filing a tax return. Taxpayers who haven’t received a W-2 or Form 1099 should contact the employer, payer or issuing agency and request the missing…
IRS continues work to help taxpayers; suspends mailing of additional letters
WASHINGTON — As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection…
IRS automatically waives estimated tax penalty for eligible 2018 tax filers
The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS…
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Contact Stefforia, Petik & Carlson for Tax Planning and Preparation today!