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We are a team of highly accomplished, professional accountants working to provide comprehensive personal and business tax advisory services.
To win a regatta, a rowing team must work collaboratively to steer and power the boat quickly and efficiently to the finish. Independently, each rower is powerful, but it takes a collective effort working in harmony to achieve the goal. Realize can provide the balance, precision, and expertise you need to reach your goals. You know where you want to go. Let us help you get there.
Our Services
Individual Tax Planning
A proactive and thoughtfully crafted tax plan can greatly impact income generation, asset protection, and tax minimization.
Estates, Gifts & Trusts
Regardless of the size of your estate, you need to consider the most tax efficient and thoughtful way to transfer your assets to ensure that your family and financial goals are met.
Client Accounting Services
Ensure that your financial obligations are met and track your investments with a statement of net worth.
Business Tax & Planning
We provide your company with meaningful business advice and make certain you are taking advantage of the tax saving opportunities.
Tax News & Tips
Common Federal and State Audit Flags
In our line of work as tax practitioners, clients and advisors often ask us to share the income tax audits we are encountering most commonly at any given time. Audits are conducted by Federal or state taxing authorities to ensure the accuracy of positions taken by taxpayers on their income tax returns. Audits can be conducted based on random selection or because of a specific item reported on a tax return. Below is a list of some positions that taxing agencies have chosen to scrutinize more frequently in recent audits.
Retirement Plans for the Self-Employed
If you are self-employed, consider contributing to specialized retirement plans, some of which may allow larger contributions than normally allowed to employees.
Partnership Income Subject to Self-Employment Tax
The tax code classifies partnerships as “flow through entities”. This means that all income is taxable to the partners regardless of whether cash is distributed or not, who report the income on their individual returns The income is not taxed at the entity or partnership level. Each partner will receive a “Schedule K-1,” which details their proportional share of the entity’s income and deductions which they must report on their personal tax returns.