While it’s true that taxes are one of the few certainties in life, there is no certainty in how much or how many taxes an organization or individual will face in a given year.
When armed with sound advice and strategy, tax uncertainty can become opportunity. The tax consultants at Morgan & Morgan CPAs have a sincere passion for lowering the tax burden of their clients. We offer a complete line of tax planning and consulting services for corporations and individuals, including strategies to manage the complex relationship between the multiple filings (corporate and individual) required by owners of closely-held businesses. We also boast a unique tax preparation and planning practice designed to meet the needs of cohabitating couples and nontraditional families.
Accounting and Risk Advisory • Business Tax • Compliance • Disputes • Employment Tax • International Tax • Inventory • Mergers & Acquisitions • Multi-state • Tax Resolution • Not-for-profit • Personal Financial • Services • Planning • Preparation • Property Tax • Sales Tax • State and Local Tax • Tax Credits and Incentives
Birth and Family • Business Succession Planning • Cohabitation and Untraditional Families • Disputes • Divorce • Education planning • Entrepreneurship and Small Business • Estate, Gift and Trust • Marriage • Multi-state • Personal Financial Services • Property Tax • Retirement Planning • Tax Resolution
Morgan & Associates has a specialty practice designed to guide clients through the financial implications of major life events such as birth, graduation, marriage, divorce and death. Learn more here.
Morgan & Associates offers a wide variety of proven services to solve your tax problem. We offer more than just blanket treatment, but specific diagnosis of your tax circumstances. Whether it is dealing with unfiled tax returns, delinquent income taxes or a payroll tax crisis, we have an effective solution.
The most characteristic tax problems and solutions that we encounter on a daily basis are listed below:
Our experienced tax accountants offer the ability to effectively negotiate a proper tax settlement with the IRS based on the intricacies of the law. Whether it is an Offer in Compromise or an Installment Agreement, our tax accountants have the expertise to bring about actual tax resolution.
Once you have received an announcement from the IRS that your bank accounts are going to levied to cover a delinquent tax debt, you only have 21 days to act. Once the money has been taken from your bank account, it is very difficult to recover it.
It is essential for your tax resolution specialist to have the ability not just to present an Offer in Compromise, but to have an Offer in Compromise accepted by the IRS. We have an excellent track record, as many of our Offers in Compromise settlements presented to the IRS have been accepted.
Payroll tax problems need to be addressed immediately for a business to survive. Nothing will dissolve a business faster than a payroll tax problem. Since the Trust Fund Recovery Penalty is known as the 100% penalty.
When a tax lien is filed against you by the IRS or one of the state taxing agencies, it is on public record, and your credit history is affected. Contact us before it gets worse and the tax lien turns into a tax levy.
What is essential when it comes to negotiating an Installment Agreement is to find a payment figure that the IRS will accept while allowing you to continue to thrive. Our goal is to present an Installment Agreement that works for you.
If you do not have the funds to cover your tax debt, if you are out of work or can barely afford to support your family, currently not collectible status may make sense for you. Should penalties increase when you already have no ability to pay the IRS?
Should a spouse and family suffer when a partner secretly fails to pay their income taxes? Innocent spouse relief can provide a response when a delinquent tax problem puts a family’s future in crisis.
The trust fund recovery penalty is known as the 100% penalty as it reflects the seriousness of the Internal Revenue Service’s position toward unpaid payroll taxes. For the IRS, the Trust Fund is an inviolable trust given to an employer by their employees and the government. Violation of that trust is considered a form of theft.
BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
We understand that the countless number of tasks associated with running a successful practice leaves you with little time to deal with your numerous accounting and tax responsibilities. That is where ...read more
With proactive tax strategies and industry-specific expertise, we have a proven track record of helping property management firms succeed from...read more
If you contract your services as a salesperson, freelance writer, graphic designer, real estate professional, or other profession contact us to learn about the comprehensive, affordable...read more
Morgan & Associates has extensive experience in nonprofit accounting, currently providing audit and tax return services to a growing number of...read more
This tax season is an important one for many business owners because it’s the first that will be impacted by the Tax Cuts and Jobs Act (TCJA). How big of an impact is dependent on your unique situation. We’ve compiled this short list of provisions that may affect the business community:
If you haven’t already, this might be the year to create separate trusts for individual beneficiaries instead of a single trust. While it may make the most sense when children are young, many factors influence the beneficiaries as they age.
A new deduction is creating a lot of buzz for business owners this year. This applies for passthrough entities (S corporations, partnerships, and sole proprietorships) under Sec. 199A.