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ARUNDEL OCEAN TAX & ACCOUNTING, LLC

Services

 

TAX RETURN PREPARATION

Tax Return Preparation is the hub of our business. And it's no wonder...today's tax laws are so complicated that filing a relatively simple tax return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program, there is no substitute for accounting professionals who have passed the CPA exam and specialize in preparing corporate, partnership, trust, and individual income tax returns. 


FIRPTA

The disposition of U.S. Property by a foreign person is subject to additional withholding under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). We work closely with attorneys, closing agents, and real estate professionals to prepare and file the necessary paperwork to mitigate exposure to this withholding.


FINANCIAL STATEMENTS

We offer financial statement services including compiled financial statements. Our goal in providing these services is to give you a clear picture of the financial health of your business so that you can make informed decisions. 


PAYROLL SERVICES

Payroll can be confusing and overwhelming for small business owners. Let us help by reviewing your payroll setup and preparing the required quarterly and annual federal and state payroll tax returns. Depending on the needs of your business, we also have established connections with outsourced payroll services that can be an asset to your business. 


New Business Formation 

Starting a new business is an exciting time! It can also be a time of fear and trepidation for some entrepreneurs as there are many decisions that need to be made. Let us alleviate any concerns you may have by assisting with your new business setup. We can guide you every step of the way including articles of incorporation, applying for Employer ID numbers, registering your business with the state, and most importantly helping you with the selection of your business entity to minimize tax exposure and explain the different reporting requirements. 


BOOKKEEPING

We are proficient in QuickBooks and other accounting software for businesses. As the number one accounting software for small businesses, using QuickBooks is convenient and efficient, but only when the initial set up is performed properly. Let us make sure your business is ready to hit the ground running with QuickBooks.