William J Krause, CPA

Services Offered by William J Krause, CPA, P.C.

Tax Preparation

Our firm has experience in preparing a wide range of tax returns for a wide range of clients. Throughout the year, we prepare tax returns for individuals, corporations, partnerships, and nonprofit organizations. We also prepare estate, trust, and gift tax returns.

Tax Planning

Tax planning can be a key component for individuals, companies, and estates. Throughout the year we will meet with clients to do short and long term tax planning. Areas which are addressed with our clients include estate, gift, business, and individual tax planning.

Business Consulting

We work with business owners cradle to grave. During the year we will meet with business owners to develop long term plans that focus on the financial success of the business. Typically, the plan starts out with a review of the choice of entity, or in the case of a new business, taking care of the new business formation, putting in place the right accounting procedures, and making the client aware of federal and state regulatory compliance from a tax standpoint. We will also address the issue of succession planning with business owners to ensure smooth transitions when management shifts from one generation to the next. Our firm provides business valuation services to business owners whether they are looking to buy, sell or value their business for estate planning purposes. Additionally, we advise clients on various retirement vehicles that are available to their organization and the the tax benefits of those particular plans.

Representation

IRS in your life? We have extensive experience representing clients on the following matters: IRS audit or examinations, back taxes, IRS collections representation, payroll tax problems, seizures and wage garnishments, IRS liens and levies, late or unfiled tax returns, payment plans and installment agreements, reduction of penalties, offer in compromise and innocent or injured spouse.

Payroll Services

We are a payroll service provider to many of our small to midsize corporate clients. We provide a flexible payroll service which includes direct deposit or printed checks for your employees. We take care of monthly, quarterly, and annual payments and fillings, which include monthly tax deposits, quarterly payroll tax returns, Federal and State unemployment returns, and the issuance of W2ís at the end of the year.

Accounting Services

We provide training to business owners and managers as it relates to accounting matters and software implementation. Alternatively our firm works with many small business owners who do not have a trained accountant on staff. We proved out sourced CFO services. These services included paying your bills, recording deposits, preparing your payroll and payroll tax returns, preparing year end reporting such as W2ís, 1099ís and annual federal and state tax returns, provide financial statements throughout the year, and work with the owner/manager to provide financial and tax advice as needed.