Bayliss & Associates, LLC - Certified Public Accountants

Income Tax Planning & Preparation

Businesses – At Bayliss & Associates your financial path begins with sound planning.  Regardless of your company’s legal structure, size or number of holdings we will evaluate your tax planning and preparation needs. Tax planning is critical for business owners.  We work with you to:

  • Identify your estimated current tax situation for the year.

  • Analyze opportunities available to reduce your taxes for the year.  These include current tax law changes, retirement plan analysis, estimated income and tax reduction plans that allow deductions of $100,000 and up, and more.

  • Identify the dollar amount of your tax savings and assist you in implementing any necessary changes.

  • Prepare your tax documentation for the IRS.

  • Prepare Financial Statements.

  • Evaluate and recommend long-term planning opportunities.

  • Resolution of payroll and income tax issues, that satisfy the Internal Revenue Service, state government, and local government, are often problematic for businesses. If you have all of the information for your tax return, but have not compiled this portion, Bayliss & Associates can assist you.  We will classify your information correctly for income tax documentation for the IRS, plus provide an analysis of your business activity for the year.

Individuals - Reducing your tax burden requires proper planning and preparation. Services available include:

  • Year-end and mid-year tax planning to maximize tax opportunities.

  • Preparation of federal and state tax returns, within or outside of Nevada. 

  • Estimated income taxes for federal and state taxes -- avoid penalties for underestimated taxes.

  • Offer-in-compromise for outstanding federal taxes. If your tax liabilities exceed your net worth this option may be valuable.

  • Electronic filing for your federal and state tax return. Have your refund deposited in your bank account as quickly as two weeks after approval from the IRS.  We offer this service at no additional cost to our clients.

  • Retirement plan alternatives including Roth IRA analysis.

Contact us for information on Business and Individual Tax Planning.