Tax Preparation

Quality Tax Preparation in Grand Junction

At Soronen, Donley, Patterson CPA's PC, our primary goal is to help you keep your hard-earned money in your pocket. We understand how difficult it is to manage your finances and successfully run a company, and we are here to assist you with your tax preparation needs.

You deserve an experienced accounting team to help you maneuver your way through the tax season. By investing in our services, you can trust that your taxes will be done promptly and correctly, thus saving you time and money in the long run. Contact us at our office in Grand Junction today so we can begin preparing for your financial success!

Call Us: (970) 241-8346 Book a Consultation

Why Does Good Tax Preparation Matter?

The tax process can quickly become overwhelming. When you consider all the local, state, and federal tax laws that may impact your business, it can be challenging to understand how much money you owe. Soronen, Donley, Patterson CPA's PC can help protect your revenue by:

Our industry experience has given us intimate knowledge of ever-evolving tax laws and regulations. We may be able to spot opportunities to take advantage of tax breaks that you are not aware of.

Tax Preparation for Small Businesses

close up of tax documents and calculatorWhen it comes to tax preparation, we strive to provide you with the resources and logistical oversight necessary to help you file your returns on time and save as much as possible. You must understand the tax deadlines, required forms, and proper procedures for meeting your company's obligations. We can guide you through the tax season by:

  • Ascertaining when your taxes are due
  • Gathering and organizing the tax forms you will need
  • Collecting information about your business's income
  • Assembling documentation for your business expenses
  • Helping you send out and receive W-2 forms
  • Filing for a tax extension if necessary

Three Tax Tips for Small Business Owners

Managing the revenue of a small business is a daunting task. These simple tips will help you stay on top of your company's finances and propel you towards success.

  1. Always keep your personal and business accounts separate. Don't give the IRS a reason to investigate your personal accounts by combining your business and private expenditures! Make sure you have a set bank account and credit card for company use only.
  2. Classify your business correctly. Your business structure directly impacts the amount of taxes you need to pay.
  3. Have a system that collects and organizes all your receipts. Scrambling at the last minute to compile your revenue for the quarter or year is stressful and inefficient. By using a system such as QuickBooks®, you can easily track your income and expenses.

Tax Preparation for Individuals

Your personal tax returns can change quickly from one year to the next. Perhaps you've recently gotten married, made a large purchase, own a small business, have multiple income sources, or considering retirement. If you face one of these complex tax situations or have questions about filing for a given year, we will help you with your individual return. Soronen, Donley, Patterson CPA's PC can:

  • Carefully check the accuracy of your return
  • Help you find applicable tax breaks and deductions
  • Adjust your finances to weather life-changing events

Our Effective Process for Business and Individual Success

tax advisor pointing at tabletWe believe that organization and structure are vital to helping you position yourself for financial stability. Early in our preparation process, you will be provided with tools to sort and arrange your business or individual tax documents neatly. Doing so helps make your financial statements accessible and provides transparency regarding your situation. When we analyze your financial status, we can provide advice on opportunities and deductions that benefit you.

Our approach is designed to meet your needs conveniently. If you would prefer to meet in person, we are happy to do so. You can alternatively send us your financial data, and we will follow up with phone calls to keep you informed of where we are in the tax process.

We can receive your information as paper documents, files on a flash drive, or by secure client portal. Regardless of which approach you feel is most suitable, we will remain in constant communication to never leave you in the dark regarding your finances!

Making the Tax Season Simpler

Whether you are an individual overwhelmed by a significant event or a small business owner looking to maximize your returns, Soronen, Donley, Patterson CPA's PC has the tax services for you. Give us a call today. Our dedicated team in Grand Junction can't wait to meet you!

Call Us: (970) 241-8346 Book a Consultation