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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

    Amending a Tax Return

    Amending a Tax Return

    There's usually an element of relief after your annual tax return has been filed. But what do you do if you find an error on your tax return? Should you always file an amended return? Here are some things to consider. Errors in the IRS's favor Errors discovered that...

    Deduct Business Meals the Right Way

    Deduct Business Meals the Right Way

    Suppose you take your best client out to dinner to celebrate your business relationship. If you own a business, are self-employed or run a side business, can you deduct any of the cost? Here are some tips to stay on the right side of the new rules: Make clear it’s a...

    2024 HSA Contribution Limits

    2024 HSA Contribution Limits

    The 2024 HSA Contribution Limits have been set for 2024. And inflation adjustments break through the historic trends of 1 to 2% increase each year. Next year the amount you can save to pay for health costs with pre-tax dollars jumps by more than 7%! HSA defined An HSA...

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