Paczosa and Associates offers a wide range of services to our individual and business clients. At Paczosa and Associates, you can expect professional and timely communication, personalized service, high end experience, and competitive rates. Below, we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
Tax Preparation / Multiple-State Tax Returns / Tax and Business Planning / IRS and State Representation / Estate & Trust Tax Preparation / Small Business Planning / Business Entity Selection / Business Succession Planning / Retirement Planning / QuickBooks/Accounting Assistance
We offer tax preparation services for many types of entities including individuals, corporations, partnerships, trusts, estates, and qualified retirement plans. During the tax preparation process, we offer our clients the opportunity to meet with us to discuss their tax information and to discuss opportunities to reduce their taxes in the current and future years. We have also invested in state-of-the art tax software so that our professionals have some of the better tools available.
Multiple-State Tax Preparation
The tax preparation and planning process is more complicated when you have a return that includes filings in multiple states. Every state is different, and as such it is important to work with an accountant who is familiar with handling returns not only in Colorado but in other states as well. Paczosa and Associates, P.C. is prepared to handle multiple-state tax returns for both individuals and businesses.
Tax and Business Planning
Prior to year-end and during the tax preparation process, it is important to engage in tax planning. In order to minimize your current and future tax obligations, it is important to consider and/or implement tax planning opportunities and strategies. We have the expertise to assist you in taking advantage of the tax-saving opportunities available to you, as well as, avoiding potential tax traps and risks.
As you undoubtedly know, representing yourself during an IRS or state audit can be costly and uncomfortable. We have experience dealing with many taxing authorities and we can represent you so that you receive fair treatment and an equitable result. In addition to audits, we can also assist you in addressing IRS and state notices and inquiries.
Estate & Trust Income Tax Preparation
Today, many taxpayers are creating trusts during their lifetime and at death to address estate planning opportunities, to achieve family goals, and to protect against creditor issues. Many of these trusts are required to file annual income tax returns. Additionally, upon the death of many taxpayers, an estate is created and income tax returns must be filed during the administration of the estate. We understand the unique laws and rules related to estates and trusts and can assist in the tax preparation and planning process associated with these entities.
Small Business Planning
We, as small business owners ourselves, understand that running a business can be scary, confusing, and frustrating. We can partner with you to assure that you are taking the correct steps to maximize your success in achieving your financial and business goals.
Business Entity Selection
There are many types of entities that can used to conduct a business. The choice of which entity type (e.g. “S” corporation, “C” corporation, sole proprietor, Limited Liability Company, general partnership) you adopt for your business can have long lasting tax, legal, estate, and succession planning implications. We can assist you in selecting the entity type that most closely meets your tax and other objectives.
Business Succession Planning
The continued success of any business is dependent upon developing and implementing an effective business succession strategy. Without an effective plan, the only alternatives may be a forced sale or the liquidation of the business. We understand tax and business matters. Consequently, we can work with you and your other advisors to develop a plan so that the next generation of management will be equipped to successfully continue the business you worked so hard to build.
Planning for retirement involves both strategies for saving during the working years and distribution planning during the retirement years. We can work with you and your other advisors to develop a retirement strategy that meets your financial and personal goals both before and after your retirement.
The long-term success of a business is often predicated on maintaining effective books and records. We have QuickBooks Pro Advisors that can assist you in better understanding the capability and options available with QuickBooks so that you get the most from your financial records. We can also assist you in adjusting your books so that they provide you a clear indication of the profitability and financial condition of your business. Only by having good books and records can you determine how you are doing and what you need to do to be more competitive and profitable.