Tax Services
Tax Compliance
At Otrando Porcaro and Associates, LTD, we ensure your business meets all tax obligations with our comprehensive tax compliance services. We help you navigate the complexities of tax laws and regulations to avoid penalties and optimize your tax position. Our services include preparation and filing of various tax forms, such as:
- Individual Tax Returns (Form 1040)
- Corporate Tax Returns (Form 1120)
- S Corporation Tax Returns (Form 1120-S)
- Partnership Tax Returns (Form 1065)
- Estate and Trust Tax Returns (Form 1041)
- Non-Profit Organization Tax Returns (Form 990)
- State and Local Tax Returns
Tax Planning
Effective tax planning involves strategic timing of income, purchases, and expenditures, selecting the right investments and retirement plans, and optimizing filing status and deductions. OPA helps minimize your tax liability through careful planning and expert advice.
Estate Planning
Estate planning isn’t just for the wealthy. It can be as straightforward as having a will and naming beneficiaries for your 401(k), or as complex as establishing multiple trusts. We help you create an estate plan that ensures your wishes are honored.
Audit and Assurance Services
OPA provides thorough accounting and auditing services to ensure your financial statements are accurate and compliant with regulations. Our services include:
- GAAP Compilation, Review, and Audit Services: We offer comprehensive services to ensure your financial statements adhere to Generally Accepted Accounting Principles (GAAP). Whether you need a compilation, review, or full audit, our team is equipped to provide the level of assurance you require.
- Agreed-Upon Procedures Engagements: We perform agreed-upon procedures engagements tailored to your specific needs. These engagements provide targeted insights and assurance on particular aspects of your financial operations.
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Other Services
Bookkeeping
Our bookkeeping services keep your financial records organized and up-to-date. We handle everything from daily transactions to monthly reconciliations, allowing you to focus on running your business.
Forensic Accounting
We offer comprehensive forensic accounting services. Whether you’re considering purchasing a business or navigating a divorce, our expertise can provide the clarity and insight you need.
Business Valuation
Understanding the true value of your business is crucial for making informed decisions. Our business valuation services provide a detailed analysis of your company’s worth, considering factors such as market conditions, financial performance, and growth potential. Whether for sale, merger, acquisition, or strategic planning, we deliver accurate and reliable valuations.
Other Professional Services Provided
OPA offers a wide range of professional services, combining financial and investment advice, accounting and tax services, and legal and estate planning. Our services include:
- Business consulting
- Business sales and services
- IRS examination and collections representation
- Loan assistance
- Business plan development
- Succession planning
- Retirement planning
- Divorce planning