Tax Service in Greenville

• Tax preparation
• Income tax returns
• State tax preparations
• Federal tax preparations
• Express tax
• Free tax preparation
• Income tax
• Electronic tax prep
• Accountants
• Tax refund

"Let us help you keep more of what you earn" All state tax returns. Brenda Owens EA, Alice K McWilliams EA. "Over 30 years experience." Income tax preparation, IRS audit representation, open year round, tax planning, bookkeeping, payroll.

Taking advantage of the the opportunities offered by the nation’s tax laws will provide taxpayer additional opportunities to save money.  Proudly serving Greenville, NC.

The five easy, tax-saving strategies the AICPA recommends are:

Stash as much money as you can into a retirement account such as a 401(k) plan or Individual Retirement Account.  What you contribute to these accounts won’t be taxed until you withdraw it.  If you choose to invest in a Roth IRA, the dollars you invest now will be taxed now, but they’ll be tax free when you withdraw them.

Don’t make Uncle Sam an interest-free loan!  If you received a tax refund this year for the taxes you paid last year, you probably are having too much money withheld from your paycheck.  Work with your employer to fine tune your withholding so you are having only as much withheld as you will owe.  

Research the education savings options available to parents and other family members.  529 plans are designed to boost college savings; no deduction is available for the contributions, but the money grows tax free in the plan, and the money paid from these accounts for qualified education expenses is not taxable.  A Coverdell Education Savings Account can be used to pay for qualified elementary, secondary and higher education expenses; the contributions to Coverdell accounts aren’t deductible, but the contributions grow tax free.  Education costs can be offset by eligible taxpayers by taking either the Hope Scholarship Credit or Lifetime Learning Credit.  Tax deductions are available to qualified taxpayers for up to $2,500 of interest paid on student loans.

Go green and save money.  Buying an eligible hybrid or other alternative-fuel car or truck may qualify you for a tax credit. 

Make a gift to your kids.  You and your spouse can each contribute up to $12,000 to each of your children without triggering the gift tax law.  Children can report up to $1,800 of unearned income, such as interest from a $12,000 investment in a CD, at their marginal tax rate which is likely to be less than yours. 

Bookkeeping, accounting, and auditing clerks are financial recordkeepers. They update and maintain accounting records, including those which calculate expenditures, receipts, accounts payable and receivable, and profit and loss. These workers have a wide range of skills from full-charge bookkeepers who can maintain an entire company’s books to accounting clerks who handle specific tasks. All of these clerks make numerous computations each day and increasingly must be comfortable using computers to calculate and record data

G & G Tax Service wants taxpayers to know that mid-year marks a great time to spend a few minutes reviewing your current financial status to get a better sense of your overall income tax situation. Preparing your own tax return can be a complicated & confusing process. At G & G Tax Service you will find trained tax preparers who understand your situation who can answer all of your tax questions with friendly, courteous and professional service. Call G & G Tax Service today for all your accounting & tax preparation needs.