How W R Howell, CPA, Helps Clients Estimate Their Tax Liability

Author: W R Howell, CPA | | Categories: Accounting Firm , Accounting Services , Tax Accountant

Blog by W R Howell, CPA

As a Certified Public Accounting firm, we render personal attention and responsiveness to our clients and excel in payroll, auditing, and tax preparation. We also like to accept challenges and find solutions for our clients’ tough problems. Please keep reading to learn about how we help clients estimate their tax liability.

The Challenge: Clients’ net income fluctuates

We often deal with business owners whose net income fluctuates from year to year, so we have to estimate their tax liability. We want the client to pay enough throughout the year, so they don’t owe too much when the tax return gets prepared. However, at the same time, we don’t want them to have a high refund either. 

The Solution: Prepare financials every quarter

We request the client to give financials on at least a quarterly basis, preferably on a Quickbooks file, if they use the software. It enables us to watch how their net income is looking throughout the year and make any needed adjustments to their estimated payments. 

The Bottom Line

A fluctuating income is an ongoing issue for many clients, so we stay proactive while estimating their tax liability.  

Get in touch with us today!

At W R Howell, CPA, we are an experienced accounting firm in Altamonte Springs, Florida, that offers accurate financial services.

Our solutions include tax preparation and planning, accounting services, auditing, Quickbooks, business consulting, after–the–fact payroll, and business incorporation services.

We serve clients across Altamonte Springs, Casselberry, Sanford, Orlando, Longwood, Apopka, Winter Park, and the surrounding areas.

To learn more about how we can help you, please click here. Or, to read what our clients are saying about us, please click here. To get started, get in touch with us by calling (407) 515-1121 or emailing whowell@cpa.com.



READ MORE BLOG ARTICLES

Top
Top