We at Brumfield Tax Accounting believe that one of the most beneficial aspects of our practice is in providing our clients with proactive tax planning.

taxplanningFor some the word “taxation” conjures up thoughts of uncertainty and confusion. Through accurate and timely explanations of the planning alternatives we dispel to create opportunities. We realize that perhaps the only constant in the field of taxation is change, and we pride ourselves in keeping abreast of the almost daily revisions being made in federal and state tax law.

Of course, simply being knowledgeable in the tax area is fruitless unless what is known can be translated into a tax planning strategy. Our knowledge and training in tax matters and our awareness of new developments and emerging issues enable us to develop effective tax-planning techniques that help our clients to both achieve their individual and/or business objectives and experience a favorable tax result.

Types of Taxes

We are well-versed in several types of tax return filings, including, but not limited to:

  • Personal Form 1040 Tax Returns
  • Corporate Tax Returns
  • Partnership Tax Returns
  • Estate Tax Returns (Federal and Washington)
  • Non Profit Tax Returns
  • Gift Tax Returns
  • Business Revenue and Payroll Tax Returns

It is our job to see that you pay no more tax than the law requires

brumfield-banner-tax2We monitor the changes in the tax law that could affect you and recommend tax saving strategies. We will prepare all your tax returns and serve as your advocate in all tax matters.

If you are contacted by any government agency concerning your tax matters, your first call should be to us. We will take care of it so that you can get on with your business.

There is a certain mystique that has grown up around tax planning and tax-cutting techniques. We are here to put tax planning in plain English for you.

There are actually several basic tax-cutting strategies, and most plans involve one or a combination of them. In a nutshell, the strategies are:

  • Splitting income among several family members or legal entities in order to get more of the income tax in lower brackets
  • Shifting income from one year to another in order to have it fall where it will be taxed at a lower rate.
  • Shifting deductions from one year to another to place them where the tax benefit will be greater
  • Deferring tax liability through certain investment choices and through pension plan contributions
  • Structuring your affairs to obtain a tax deduction for some expenses paid for things you enjoy – a vacation home, for example
  • Investing your money to produce income that is exempt from either federal or state income tax, or both

Dedicated to helping our clients achieve their goals

What kinds of services do we provide? Some people may think that the primary tax function of an accounting firm is to produce tax returns at the end of the year. While it is true that part of our role with a client is to prepare their tax returns, we like to view a tax return as a type of report card which shows the positive results of proper planning which took place throughout the year. Nothing is worse than coming up with a good idea after it’s too late for implementation. Unfortunately, some accounting firms don’t take the time to really get to know their clients, and a good planning idea can quickly turn into an afterthought.

Such is not the case at Brumfield Tax Accounting. As our clients will be quick to point out, we take a highly proactive approach to tax planning, and not just at year-end. We encourage our clients to view tax planning as an integral part of their personal and business endeavors, and we have fostered the kind of client rapport which enables us to know and be aware of what is of ongoing importance to our clients. That’s the kind of relationship that yields the best results for our clients.

In summary, Brumfield Tax Accounting is dedicated to helping our clients with all of their tax planning and preparation needs. Our goal is to help you achieve your goals.