Tax Services
Currently Filing Individual and Corporate Taxes
Somich & Associates helps individuals save money on taxes through careful tax preparation and planning. It is also important to us to educate you throughout the process to make sure you fully understand your filing and how to prepare for filings in years to come.
If you’re suffering from tax problems, have an IRS audit or unresolved notices, we can help with that as well. Don’t wait, these issues do not go away on their own.
At Somich & Associates we also offer a wide range of tax services for small to mid-sized businesses. We take a realistic approach to making your small businesses successful.
We help you manage your cash flow, develop practical budgets and select entities that will bring you the most tax advantages based on the type work you do. Our valuable insight will not only allow you to manage your finances better but will guide your business to long-term growth and increased profitability.
Discover how working with a seasoned CPA firm with a solid understanding of how your business operates can develop strategies that will help you achieve your goals.
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Insights
The Tax Side of Earning Extra Income
More Income, More Tax Considerations: What to Know Before Taking on Extra Work Whether you pick up a second job, start freelancing, or turn a side project into an additional source of income, earning more can be a great opportunity. But additional income can also...
Simple Tax Planning Strategies for Long Term Savings
Tax planning does not always require a complicated strategy. In many cases, relatively small decisions made throughout the year can improve your tax position, strengthen your finances, and create meaningful benefits when repeated over time. Here are several areas...
Lifetime Learning Credit vs. American Opportunity Tax Credit: Which Is Right for You?
The cost of higher education can add up quickly, but there are tax benefits available that may help offset some of those expenses. Two of the most common are the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). While both can help reduce...