Tax Advisor Near Me – Always Here | Perry And Associates CPAs

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Tax Advisor Near Me in Ohio and West Virginia

Every business and individual should have access to a local tax advisor. Not only are annual tax returns required by law, a qualified tax advisor can potentially save you thousands of dollars in deductions and rebates. An added benefit is that a tax advisor can keep your documents organized throughout the year. While other people struggle to find receipts and sales documents, you’ll breeze through tax season stress-free. 

If you’re searching for a “tax advisor near me” for any of your business or individual tax needs, take a look at all we have to offer. 

Perry & Associates serves corporations, small businesses, and individuals through our Ohio and West Virginia offices. We pride ourselves on providing personalized, quality service. With Perry & Associates, you will have convenient access to tax advisors near you. Our tax advisors understand your local economy and regulations and can help you succeed financially.

Below we’ve included an overview of our tax advisor services. 

TAX SERVICES

Receive the largest deductions and rebates on your tax returns with our year-round tax services. Perry & Associates tax advisors will work closely with you to catch tax issues early. Our comprehensive tax preparation ensures a no-stress filing process. With offices near you in Ohio and West Virginia, expert tax advice is just a quick drive, call, or email away.

FORENSIC AUDITING

Have you noticed some indescrepencies with your taxes or finances? You may need a tax advisor for forensic auditing.

Unfortunately, many financial crimes are committed by people closest to you. Our corporate clients use our firm to investigate suspicions of fraud and laundering. Individual clients often need help discovering a spouse’s hidden assets and income during divorce settlements.

Perry & Associates full forensic auditing services include Money Laundering, Terrorist Financing, Financial Crimes, Banking Operations (banking products, services, and customer behavior), Compliance Program Weaknesses, Financial Crimes, Divorce Hidden Income and Assets, and Lawsuits.

Read how our team uncovered one of the largest cases of fraud in Washington County.

ACCOUNTING SERVICES

Every successful tax return begins with professional accounting services. Because our team keeps your documents ordered throughout the year, filing your tax statement is a breeze.

Perry & Associates works with long-standing companies as well as brand new startups. If you are near the launch date of your business, our team of tax advisors can help set up your accounting system so that your financial reporting is accurate from the get-go. 

CONSULTING SERVICES

It’s important to consult a tax advisor before you make a major financial decision. Our team of tax advisors can guide you through the entire business lifecycle. We often give entrepreneurs advice on business entity selection and what each classification will mean for your tax burden. Later, we can consult you on mergers and acquisitions. Tax considerations are major components to these events.

Consulting isn’t just for businesses. We work closely with individuals to plan estates and manage debt. Call one of our tax advisors and we can make sure those near and dear to you are provided for. Because Perry & Associates is a regional firm with local offices, you can rest assured that you’ll receive the same amount of attention we give our business clients.

In addition to our traditional consulting services, we also consult on COVID-19 tax breaks and reporting requirements.

Tax Advisor Near Me in Ohio and West Virginia

Perry & Associates has convenient locations along the Ohio-West Virginia border. Find the office nearest to you and give us a call using the information below. If you’d like to send us an email, click here.

Marietta, OH

313 Second St

Marietta, OH 45750

Office: (740) 373-0056

Email: perrymta@perrycpas.net

 

Cambridge, OH

749 Wheeling Ave, Suite 300

Cambridge, OH 43725

Office: (740) 435-3417

Email: perrycam@perrycpas.net

 

St. Clairsville, OH

150 W Main St, Suite A

St. Clairsville, OH 43950

Office: (740) 695-1569

Email: perrystc@perrycpas.net

 

Vienna, WV

1907 Grand Central Avenue

Vienna, WV 26105

Office: (304) 422-2203

Email: perrypkg@perrycpas.net

 

Wheeling, WV

1310 Market St. Suite 300

Wheeling, WV 26003

Office: (304) 232-1358

Email: perrypkg@perrycpas.net

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Tax CPA Explains 1099 Changes for 2020 | Perry And Associates CPAs

tax cpa

 

Tax CPA Explains 1099 Changes for 2020. Don’t Miss Them.

Preparing your W-2s and/or 1099s, like most things about the year 2020, will be slightly different. Below, we’ve outlined a brief overview of the changes; but as always, feel free to contact a tax CPA here at Perry & Associates if you have further questions after reviewing.

 

Preparing 1099s

More 1099s may be filed this year than any other year. Because of the many jobs lost to the COVID-19 pandemic, a great number of people took up contract work in order to help pay the bills. 

If your business hired anyone – or any non-incorporated partnerships or LLCs – to conduct contract work for you last year, you may need to prepare a 1099 form. This would apply to any hired work that received a cash or check compensation of $600 or more. 

Unlike previous reporting years, you will need to prepare a 1099-NEC (Non-Employee Compensation). This is different from the 1099-MISC you would have filed for contract work in the past. Notice that this excludes contract work payments made via credit card. All business credit card payments will be reported in 1099-Ks, which crediting merchant and third-party payment processors are responsible for generating. Do not generate 1099-NECs for contractors paid via credit card, only those paid with cash and/or check. 

 

Types of payments that warrant the filing of a 1099-NEC for reporting year 2020:

  • Contract Labor, Commissions, Directors Fees, and any other like services provided to your business of $600 or more.
  • Dividends, Interest, and Royalties of $10 or more.
  • Professional Fees of $600 or more.
  • Rents (other than to real-estate agents) of $600 or more.
  • Attorney fees for legal services over $600.
  • ALL payments to attorneys for settlements.

The deadline for submission of all 1099 forms to the IRS for reporting year 2020 is February 1, 2021. Your copies of these 1099s should also be distributed to their recipients on or before February 1, 2021.

 

If you have over 250 returns (W2s AND/OR 1099s) to file, it is required that you file all federal forms electronically. A tax CPA can quickly and efficiently assist you in your 1099 preparation.

 

Preparing W2s

The following wages must be included in Gross Wages on all employee W2s if applicable:

  • Wages
  • Bonuses
  • Tips
  • Any other compensation
  • Business expenses paid in excess of allowed amounts
  • Sick pay
  • Automobiles
  • Club dues
  • Event tickets
  • Plane flights
  • Discounts on property or services
  • Legal and educational services
  • Value of life insurance group policy in excess of $50,000
  • In some cases, moving expenses, educational assistance payments, and scholarships paid to an employee must be reported. Please contact us if you are unsure whether or not this applies to you.
  • As always, employers’ contributions (matches) to retirement plans are not to be reported and are not taxable.

When to call a Tax CPA Instead of Using Software

There are many different online software options for preparing these forms; however, when it comes to all the unprecedented situations 2020 brought, a tax professional may be a wise choice for this year’s tax and employee form preparation. 

Non-compliance fees and late fees can pile up fast for innocent mistakes small business owners make when attempting to prepare their own W2s and 1099s. It will not only be costly to you if you miss something, but it can also affect your employee and contractor returns as well. It is undoubtedly worth paying a far less cumbersome amount to a Tax CPA than it is to be indebted to the IRS.

Looking for a Tax CPA Near You?

Contact us for service you can trust! Perry & Associates CPAs has multiple offices throughout the Mid-Ohio Valley. 

Marietta, OH

313 Second St

Marietta, OH 45750

Office: (740) 373-0056

Email: perrymta@perrycpas.net

 

Cambridge, OH

749 Wheeling Ave, Suite 300

Cambridge, OH 43725

Office: (740) 435-3417

Email: perrycam@perrycpas.net

 

St. Clairsville, OH

150 W Main St, Suite A

St. Clairsville, OH 43950

Office: (740) 695-1569

Email: perrystc@perrycpas.net

 

Vienna, WV

1907 Grand Central Avenue

Vienna, WV 26105

Office: (304) 422-2203

Email: perrypkg@perrycpas.net

 

Wheeling, WV

1310 Market St. Suite 300

Wheeling, WV

Office: (304) 232-1358
Email: perrywhg@perrycpas.net