Income Tax Preparation for Individuals

Individual Taxation

Is your current CPA or tax preparer guiding you through more than just filing your return?

Bay Tax is far more than your traditional accounting firm. We partner with our client to produce the most Tax efficient strategies available.  Tax efficiency occurs when an individual or business pays the least amount of taxes required by law.

Most Tax preparers take your financial records, rearrange things here and there, and enter them into your tax return.  They do not offer planning, targeted retirement (wealth building) advice, or suggest strategies for optimizing your future tax write-offs and deductions for your specific financial situation.

Bay Tax offers a holistic tax preparation approach to maximize our client’s tax savings to maximize their personal wealth.  Did your current CPA suggest you open an IRA or a self-directed 401k if you qualify?   If all your CPA does is your taxes, you have likely lost money that could have been growing in a tax-sheltered account for years.

If you have income from the following sources, we are here to help maximize your personal wealth (and prepare your taxes).

• Self-employment / 1099 contractor / Freelance or gig worker income
• Rental property
• Sale of Home
• Equity Compensation. For example, RSU, ESPP, ISO, NSO, etc.
• Multi-state allocation
• Company IPO, merger & acquisition
• Cryptocurrency (from all income sources including Trading and Mining)
• Foreign Income Exclusion & Foreign Tax Credit

Income Tax Preparation for Business

Business Taxation

Taxes are the number one expense for many small businesses and within the top 5 for most midsized successful companies.  Bay Tax approaches your business taxes from the standpoint of maximizing your tax-saving to promote personal and business wealth. Does your current accountant do more than prepare your taxes? 

Bay Tax partners with our business clients and offers a forward-looking approach to tax planning, financial planning and tax preparation.  Our goal is to help our clients to minimize their tax expenses while still meeting their business and personal goals.  If all your CPA does is your taxes, you likely could have invested your tax overpayment into your business or taken home a larger salary or profit.

Tax Preparation Bay Area – Services:

• Individual, LLC, Corporate and Partnership Taxes
• Non-Profit Organizations
• State and Local Income and Sales/Use Taxes
• Consolidated Tax Returns
• Foreign Companies Doing Business In the US
• Trust and Estate Tax Preparation