CPA TACOMA | TAX PREPARATION TACOMA | ACCOUNTING TACOMA | QUICKBOOKS TACOMA | CERTIFIED PUBLIC ACCOUNTANT TACOMA
I’m Daniel Dickson, founder of the Certified Public Accounting firm Greenbridge CPA. We are a Tacoma CPA, tax preparation & accounting firm with headquarters in Downtown Tacoma, WA. Welcome to our site.
This page has a lot of information and has gotten pretty long. So please click on any of the links below to be taken to the section that is most helpful to you.
WHAT ARE YOUR WORRIES AND CONCERNS ABOUT TAXES & ACCOUNTING?
- Worried you are missing deductions?
- Not happy with your current CPA or accountant?
- Have unanswered tax & accounting questions?
- Need a tax return done quickly and accurately?
- QuickBooks work driving you crazy?
Our firm exists to alleviate your tax and accounting problems!
WHAT DO OUR CLIENTS SAY?
CLIENT TESTIMONIAL FROM APARTMENT MANAGEMENT FIRM – PCMI GROUP INC.
“PCMI Group is lucky to work with Greenbridge CPA, PLLC. Dan and his group handle several complicated tax returns and various accounting situations and/or transactions for a group of real estate companies that we manage. His attention to detail is impeccable, and is never to busy to teach techniques or processes that will improve or streamline our accounting systems.
I would recommend Greenbridge CPA, PLLC to anyone looking for a hard working, trustworthy accountant for their business enterprise!”
Manager, PCMI Group
CLIENT TESTIMONIAL – PUGET PAVING & CONTRUCTION INC.
“Puget Paving & Construction, Inc. has partnered with Greenbridge, CPA for over 3 years now and we could not be happier with the service they provide completing our business tax returns.”
President, Puget Paving Inc.
CLIENT TESTIMONIAL – EDISON ELECTRIC INC.
“Being in the construction industry it’s really hard to find a CPA firm that understands your business. We have been working with Daniel at Greenbridge CPA on our business tax returns for a few years now and we feel we are in the right place.
They know what they are talking about and have really kept us informed and helped us feel comfortable all year long!”
Controller, Edison Electric Inc.
GIVE US A CALL AT (253) 254-6763
OUR OBESSION WITH CUSTOMER SERVICE
Our founder Daniel Dickson, left a previous firm because the customer service was just mediocre. He wasn’t okay with mediocre. He wanted to feel great about the service he was providing his clients. He wanted them to be more than happy with the service they received for the cost they were paying.
That is why he started Greenbridge CPA so he could decide the level of customer service that would be provided his clients.
OUR NERDY OBSESSION WITH TAXES AND ACCOUNTING IN TACOMA
We are tax nerds – we admit it. Federal and local tax laws are always changing and adjusting. This means to do a good job for you, we have to study hard all the time. We’ve developed special memory training systems using digital flashcards to train ourselves on federal tax law, state tax law, sales tax, payroll taxes, QuickBooks and other accounting issues. We take studying tax law very seriously.
We obsess over taxes and accounting so you don’t have to.
A LICENSED CPA FIRM THAT SERVES TACOMA? YES, YES WE ARE. INSURED? BUT OF COURSE.
Misreporting to the IRS or a state government can have serious consequences. You want to work with a serious professional when it comes to your taxes and accounting. You want to have confidence that your tax preparer knows what he’s talking about and is completing your paperwork correctly and giving you the best guidance possible.
Even though tax software is helpful there is a lot of complicated work that is done on tax returns both for businesses and individuals when it comes to anything involving real estate, capital gains, business income, health insurance, and a whole bunch of other matters. Software helps-but it is still very complicated. Whether you use us or someone else, make sure that you’re using a qualified professional to work on these vital documents and records.
BUSINESS INCOME TAX PREPARATION FOR TACOMA AREA BUSINESSES | BUSINESS TAXES TACOMA
EXPERIENCED CPA AND TAX ACCOUNTANT SERVING TACOMA BUSINESSES
As a CPA firm, have been fortunate enough over the previous years to complete hundreds of tax returns for Tacoma area business owners. We have the experience to answer your questions and complete your tax return accurately and quickly.
WORRIED YOU’RE MISSING BUSINESS TAX DEDUCTIONS?
We haven’t met a business owner yet who enjoys paying income tax on their hard-earned profits. And we as a business don’t like paying income taxes either-so we know how it feels. The most important thing that we here at Greenbridge CPA try to do for business clients is make sure that they’re getting all-and we mean all-the business tax deductions that they qualify for.
TACOMA BUSINESS TAX (BUSINESS INCOME TAX) ADVICE IN ADDITION TO GETTING YOUR BUSINESS TAX RETURN DONE
We don’t just get your tax return done, we give you tax advice on how to save money and taxes. We help you with accounting issues and other local tax issues and are available all year round to speak with.
LLC TAX RETURNS FOR TACOMA AREA BUSINESSES
There is a lot of confusion about how LLC taxes work. One reason for the confusion is that an LLC (which stands for limited liability company) is a type of company that you set up with Washington State or other states. But with the IRS, there isn’t an LLC designation. With the IRS, an LLC can be a sole proprietorship, a partnership, an S corporation, or even a C Corporation. These different IRS designations for business have their own little tax rules and quirks that you need to know about. As you can see, it can get pretty confusing.
Many LLC owners have questions about self-employment taxes or payroll taxes, home office deductions, gas and travel deductions, how to get paid from their business, estimated tax payments and on and on. We have the information and tools to help you get it all sorted out so that the accounting of your Tacoma LLC is running smoothly. You maybe be interested in our 1-2 hour business tax and accounting consultation where we can answer many questions and give you tools to help you with Tacoma business accounting and taxes.
TAX RETURNS FOR S CORPORATIONS
Nothing confuses business owners more than ask S corporation tax issues. How does payroll work in an S corporation? How do distributions work? Why am I taxed on income that hasn’t flowed through to my personal bank account yet? All these are questions that we help answer for our S corporation clients.
Many business owners are surprised that LLCs can also be S corporations. There is a lot of misinformation about S corporations online-so be very careful who you listen to about the subject.
We are very fortunate to have many S corporation clients in the Tacoma area which allows us to thoroughly understand how S corporation taxes work and how the tax return should be completed. It also allows us to more efficient on S corporation taxes and to charge a lower price than you might find in other tax firms.
The primary purpose of choosing to be an S Corp is to avoid double taxation while simultaneously saving on some payroll tax expense. A lot of business owners who are currently sole proprietorship’s desire to switch to be an S corporation so they can save on income taxes. But a sole proprietorship already avoids double taxation. So, the only reason a sole proprietorship would switch to be an S corporation would be to save on payroll taxes. This can be confusing but it is something that we can clarify for our clients and help them make the best decisions about what type of entity they should be and how to save on income and payroll taxes.
TACOMA BUSINESSES PAYING TOO MUCH IN SELF-EMPLOYMENT TAXES OR PAYROLL TAXES
For many business owners, the main problem isn’t that they are missing significant business tax deductions on their income tax portion of their tax return but instead they are paying too much in self-employment taxes or paying too much in payroll taxes.
We do many business tax consultations a year where the primary focus is teaching business owners how to save money on either self-employment taxes or payroll taxes. See our S Corporation section to learn more. Or better yet, call to set-up a 1 to 2 hour paid consultation.
SOLE PROPRIETORSHIP TAX RETURNS FOR TACOMA AREA BUSINESSES
When people say sole proprietorship, they are generally referring to their IRS entity designation. In other words, that’s the type of company that the IRS thinks they are. Usually for Tacoma area businesses, a sole proprietorship is an LLC with the state of Washington at a sole proprietorship with the IRS.
Sole proprietor companies generally don’t need to have a separate tax return done. Instead, there is a form called the schedule C that’s part of their regular tax return that needs to be filled out with all of their business income and expenses. The schedule C can be a little bit confusing especially the parts about cost of goods sold, depreciation, mileage reimbursements and home office expense deductions.
Helping small business owners with their sole proprietorship tax return is one of our specialties. Simplify your life and call us today to see how we can help you get your sole proprietorship/schedule C taxes done quickly and correctly.
C CORPORATION TAX RETURNS TACOMA | C CORPORATION ACCOUNTING TACOMA
C corporations must file a form 1120 every year to report their income taxes to the IRS. There are some strange questions and tax schedules that need to be completed on this form if you were to do it correctly. That’s why you don’t want to have just anybody complete your tax return if you are a C Corporation. Call Greenbridge CPA today and schedule consultation so you’ll know that your C Corporation tax return is done correctly and on time.
PARTNERSHIP TAX RETURNS TACOMA | PARTNERSHIP ACCOUNTING TACOMA
If you file is a partnership with the IRS then every year you are required to complete a form 1065. Partnerships have some of the most complicated tax code of all the business entity types. This is especially true when part of a partnership has been purchased or sold at any time during the life of the partnership. Partnerships have a lot of freedom that an S corporation for example wouldn’t have when it comes to distributing income. However, that freedom comes at a cost. The tax return can be way more complicated.
Make sure that you work with a CPA or tax accountant who is very knowledgeable with all kinds of partnership questions such as section 754 issues and special depreciation adjustments that affect partnerships.
Partnerships are often used to hold real estate. Real estate has its own set of rules as it relates to partnership tax returns. Don’t risk having your tax return completed incorrectly or late. Call company that has experience with both regular partnership tax returns and even highly complex partnership tax returns. Call Greenbridge CPA.
S CORPORATION REASONABLE COMPENSATION REPORTS
People usually form S corporations to save money on payroll tax. But the rule is they must pay themselves a reasonable compensation. So how do you know what reasonable compensation is? There isn’t a hard and fast rule. However, one of the best practices is to get a reasonable compensation report. We can help you do that through a reputable company that works with CPA firms like ourselves. Having this report will help you determine what reasonable compensation should be. If you adhere to it, then it will also be a defense in the event you are ever audited by the Social Security Administration or the IRS.
Call us today so we can help you get a reasonable compensation report. You’ll be glad you did.
INDIVIDUAL FEDERAL TAX RETURNS TACOMA | FAMILY TAX RETURNS TACOMA
GETTING THE TAX DEDUCTIONS YOU DESERVE ON YOUR INDIVIDUAL TAX RETURN
You don’t want to miss any tax deductions on your personal income tax return. That is why you come to a professional. Our commitment to you is that we will look under every rock and under every couch cushion to find the deductions that you qualify for so that you can pay as little taxes as possible.
If you have any kind of business or rental income or capital gains issues it is especially important for your tax return to be done correctly. A lot of people miss out on important deductions because they don’t calculate their business tax basis correctly. Depreciation deductions are also missed quite often by those who aren’t using a professional.
INDIVIDUAL TAX RETURNS WITH LESS STRESS
We are sometimes shocked when we see other tax return preparers require their clients to fill out a giant stack of paper for every tax season. Shouldn’t your CPA or individual tax return preparer try to make the process as easy on you as possible? We think so.
We gather the tax documents from you and ask you questions either in person or over the phone to get the information that we need. No more filling out forms from your CPA or accountant. No more agonizing over TurboTax and their strange questions.
FLAT FEE PRICING ON TAX RETURNS
Isn’t it nice to know what you’re in a pay beforehand? When you work with Greenbridge CPA you can request a quote on their tax return before we complete it. We want you to be 100% satisfied with our tax-preparation service.
The IRS is already trying to empty your wallet-we won’t. Our goal is to have you say, “I got a great deal on my tax return.”
ACCOUNTING SERVICES TACOMA | BOOKKEEPING SERVICES TACOMA
**note that right now due to high demand we can’t take on new bookkeeping clients in the Tacoma area at this time.**
MONTHLY, QUARTERLY, OR ANNUAL ACCOUNTING & BOOKKEEPING
We provide a whole host of accounting and bookkeeping services in the Tacoma area from one time consultations to monthly or even daily bookkeeping assistance.
Some of the accounting services that we provide include:
- Financial Statement Reviews
- QuickBooks Set-up and ongoing assistance
- Accounts receivable assistance (helping you create and send invoices to your customers)
- accounts payable assistance (helping you pay the invoices to your suppliers or vendors)
- bank account reconciliations
- entering all your transactions into QuickBooks or QuickBooks online
- monthly financial statements
- payroll services
- payroll set up
- financial statement analysis
- and more
You might find it helpful to read our bookkeeping services page which has more detail about some of our ongoing services which we can provide on a monthly, quarterly, or even annual basis.
QUICKBOOKS SET UP TACOMA | QUICKBOOKS CONSULTING TACOMA | QUICKBOOKS ONLINE CONSULTING TACOMA | QUICKBOOKS ONLINE SET UP TACOMA
QuickBooks is great if you 1) have it set up correctly and 2) understand how to use it. We can help your business get both of these things right. Especially important to connect your bank accounts to QuickBooks correctly. It’s also very important to have your chart of accounts set up correctly.
We often provide business owners with the assistance they need to have their accounting set up correctly in either QuickBooks or QuickBooks online.
SAVING YOU MONEY ON YOUR QUICKBOOKS ONLINE SUBSCRIPTION
Did you know that we can often get your business a reduced price on your monthly QuickBooks online subscription? It’s true. One advantage of being a CPA firm is that we can provide special pricing for certain QuickBooks online products including payroll subscriptions. Call us today and find out more.
CPA FOR NEW BUSINESSES IN TACOMA AREA | ACCOUNTANT FOR NEW BUSINESSES IN TACOMA AREA
NEW BUSINESS QUICKBOOKS SET-UP TACOMA | NEW BUSINESS TAX CONSULTATION TACOMA | NEW BUSINESS ACCOUNTING CONSULTATION IN TACOMA
One of our favorite things to do, is help new business owners set up their tax and accounting the right way.
If you are opening a new business, we typically recommend our 1 ½ hour new business tax and accounting consultation. At this consultation will help you decide what the best entity structure is for your business, how to set up QuickBooks, how to be reimbursed for expenses, how to get paid from your business, how payroll should be handled, estimated tax payments, and numerous other topics that are important for new business owners to understand.
SERVICES FOR WASHINGTON STATE B&O TAXES | WASHINGTON STATE DEPARTMENT OF REVENUE | WASHINGTON STATE EXCISE TAXES | WASHINGTON STATE SALES TAX
WA REAL ESTATE EXCISE TAXES | WA REAL ESTATE EXCISE TAX RETURNS
When you sell real estate in Washington state you typically owe real estate excise taxes. This is actually County tax even though you fill out a Washington state real estate excise tax affidavit or other related forms to record and pay the taxes. Essentially Washington state helps collect real estate excise taxes for the different counties.
Depending on the situation, some or all of the sales might not be taxable if there is a gift or inheritance involved. Also if an LLC owns real estate and is selling the real estate there are different rules for completing the tax calculations for that as well.
With experience helping our clients with numerous real estate excise tax issues and look forward to speaking with you about your real estate transaction.
Pierce County real estate excise taxes (which are collected by Washington State)
King County real estate excise taxes (which are collected by Washington State)
CITY OF TACOMA TAXES
the tax forms just keep coming. That’s right, just when you think you’ve gotten through all your paperwork you learned that the city of Tacoma has a B&O tax for businesses.
Businesses that operate in Tacoma usually need a business license as well from the city of Tacoma.
If you have any questions about sleep Tacoma tax returns or tax compliance please give us a call today.