Tax Services – Smitson Erhart-Graves Tax Advisors

Tax Services

Do I need to make estimated tax payments to avoid penalties? What taxes do I need to file as a new business owner? Will my Social Security and IRA distributions be taxed as I enter retirement? If you find yourself wondering these questions, it may be time to seek professional tax preparation assistance.

Professional tax services are offered through our affiliate firm, Smitson Erhart-Graves Tax Advisors, LLC. Services include tax preparation, annual tax planning, or long-term tax planning in harmony with your financial plan. Our client base includes individuals, corporate, partnerships, estates, and trusts.

Creating a relationship with your CPA is similar to establishing a trusting relationship with other professionals on whom you rely for sound, objective advice. You want to find a CPA who can best protect your interest, listen to and address your concerns, and make you feel comfortable and valued.

At Smitson Erhart-Graves Tax Advisors, our tax services are tailored to fit your needs.

Our Process

Tax services are provided on an hourly-fee basis. Once you have met and discussed the engagement, we will provide you with an engagement letter summarizing the services and the scope of work to be performed. The letter will also discuss the terms of the payment. We do not require you to use our financial planning or investment services to work with our tax firm.

Schedule a no-cost interview meeting today.

 
 

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Frequently Asked Questions

What sets CPAs apart from general tax preparers?

The answer in short: A lot. CPAs typically begin their careers with years of college and graduate education. To become licensed, they must take the demanding Uniform CPA Examination, which tests their knowledge on a wide range of topics over a period of 14 hours. Additionally, CPAs must meet an experience requirement before being licensed by a State Board of Accountancy to practice. After earning the CPA accreditation, they must meet continuing education requirements to update their knowledge of new developments. They are held to a strict code of ethical standards. Armed with this rigorous training, CPAs are on the job year round, ready to help individuals and businesses address their own unique challenges.

What do I bring with me to my appointment?

Upon making your initial appointment, Smitson Erhart-Graves will request to have your prior two years’ income tax returns, both federal and state. If you have ownership in a business, those returns will be requested as well. These income tax returns will help us to better understand your current tax situation and act as a facilitator to develop an objective tax plan and prepare an accurate return.

I received a tax notice. Can you help me?

The IRS and state tax departments issue letters and notices for a multitude of reasons. Many are simple and painless, merely saying what the tax department did or has on file. Sometimes these letters are correct, and sometimes they are not. Each letter or notice should be read carefully to identify what was changed or what is being requested, whether or not you agree or disagree, what you are to do now, and by what date you are to respond. If you are not sure if it is correct or you wish to contest the notice, it is usually better to have a professional respond. It is possible that we can help you, even if we did not prepare the return.

What does the CGMA® certification mean?

The Chartered Global Management Accountant (CGMA®) designation is a management accounting credential, indicating the professional has advanced proficiency in finance, operations, strategy and management. To obtain the designation, a professional has to complete a rigorous and structured curriculum. Designees must abide by the Bylaws and Code of Professional Conduct issued by the American Institute of Certified Public Accountants. In addition, continuing education is required to remain current with competencies.

Worley Erhart-Graves Financial Advisors is affiliated with Smitson Erhart-Graves Tax Advisors, LLC, through common control and ownership. Smitson Erhart-Graves Tax Advisors, LLC provides accounting and tax preparation services. If you require such services, we may recommend you use Smitson Erhart-Graves Tax Advisors, LLC. Our fees for financial planning and investment advisory services are separate and distinct from the fees Smitson Erhart-Graves Tax Advisors, LLC charges for their services. Given the common control and ownership between the two firms, there is a conflict of interest in that we may have a financial incentive to recommend our affiliate's services. While we believe that the fees charged by our affiliate are competitive with other firms providing the same or similar services, you are under no obligation to use Smitson Erhart-Graves Tax Advisors, LLC's services and may use the accounting firm of your choice.

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