Taxes

With a combined experience of over 50 years, Kershaw & Associates, Inc. is sure to have a professional on staff who can help you through the daunting task of filing tax returns. Whether you need an individual return, a business return, or an estate or trust return, we're here to help. One of our greatest strengths is a thorough understanding of the interaction between these different types of tax forms. Knowing how your corporate return will affect your personal return can save a tremendous amount of time and money.

Individual

Most working adults are required to file a 1040-series tax return after the close of each calendar year. The IRS has done their best to simplify the tax forms by allowing many taxpayers to use the 1040-EZ or the 1040-A. The fact remains, however, that the tax code is overwhelmingly complex. A form is only as simple as the rules that govern it! We never turn anyone away for having too "simple" a tax return and we remind ourselves daily that every question is a good question.

Business/Payroll

Corporations, Limited Liability Companies, and Partnerships are required to file either Form 1120 or Form 1065. At least one member of our staff attends an annual two-day seminar to stay abreast of the extremely complex rules and laws governing these forms. Employers are additionally required to file Form 941 four times a year. The seemingly simple task of paying employees can quickly lead to severe penalties if not performed correctly.

Estates/Trusts/Gifts

When a taxpayer dies, the task of filing final tax returns begins. This often falls on the spouse or another beneficiary. The laws governing estate and gift tax returns are changing dramatically. As the federal estate tax phases out, don't be surprised to see many states implement their own estate tax. Proper planning can save all those involved from a tremendous amount of headache and heartache, particularly at such a vulnerable time.