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Personal Accounting Services

Personal Accounting Services
Our firm is one of the leading firms in the area. By combining our expertise, experience and our staff's commitment to excellence, each client receives close personal and professional attention.

Individual Taxes

We have over 15+ years of experience committed to providing our clients with complete tax compliance services that are specific to our client’s needs. Entrusting in a competent and experienced team to handle your tax filing needs will put you at ease knowing you are working with knowledgeable professionals that have your best interests in mind. At NES Tax & Accounting, we provide a comprehensive suite of services that are tailored to your specific needs.

Personal Income Tax Returns

Rather than relying on do-it-yourself programs and opening your household up to the consequences of misfiled tax returns and overlooked deductions, seek out our expert assistance from the team at NES Tax & Accounting. If you want to effectively manage your family’s tax filings, we’ve got you covered!

Individual Tax Planning

Tax planning is a service that is many times overlooked by both individuals and businesses, yet it is a critical tool that can give you the upper hand when it comes to cash flow management and planning. We offer individualized tax planning services that encompass all the up front work needed to avoid over or underpaying your taxes. We take the anxiety out of filing your taxes by giving you peace of mind knowing you are hiring experienced professionals who know the tax system and care about you reaching your goals.

Tax preparation is not as simple as it sounds, it requires up front planning, timely tax elections, sound and supportable decisions and keen knowledge of ongoing tax law changes. Your individual tax preparation requirements and needs may differ depending on your unique household objectives and should not be left to a one-size-fits-all approach or software. Hiring a professional who is actively engaged in the field year around will make sure you don’t miss deductions & credits you are entitled to. More importantly, having peace of mind knowing that you have someone knowledgeable on your side to timely and accurately file tax returns and avoid future notices, penalties and interest is valuable.

Common Documents to Submit

Prior year tax returns: Providing prior year tax returns is important, so that you don’t miss out on carryovers that will help minimize your tax due.
Forms 1099: Required to be issued to taxpayers & companies for income earned during the calendar year.
Forms W2: Issued to employees for earned wages/salary and reported to the IRS and Social Security Administration for future benefits.
Forms 1098: Provided by lenders to property owners with mortgages for Itemized Deduction purposes.
Form 1098-T: Issued by education institutions for tuition to students for possible tuition credits and deductions.
Forms 1095: Required to be issued to taxpayers for health insurance coverage, including Marketplace subsidy reconciliation.
Charitable Donations: Official non-profit documentation of your donations throughout the year for Itemized Deduction purposes.

Audit Representation

In the event of an audit, the law allows you to defend yourself before the IRS and states. You would not show up to court without a licensed attorney, so why would you represent yourself during an audit and put yourself at a disadvantage? Representation involves thorough knowledge of the tax law, relevant forms and exceptions to the law. Knowing your rights and the proper application of the tax law to come to a resolution that is just and mutually beneficial to all parties requires having someone skilled and experienced in audit representation.

What To Do in the Event of an Audit

Understand your rights and responsibilities.
Never agree to a notice unless you have the proper representation beforehand.
Have a professional interpret the notice to properly address it in a timely and thorough manner.
Hire a trustworthy and experienced professional to represent you, know that we are licensed to represent you both at the Federal and State level. We have years of audit representation experience and tax knowledge at NES Tax & Accounting to put you at ease.
Don’t panic, audits can be scary and we can guide you through the process and work to resolve it timely and as most advantageous to you as possible based on the matter at hand.

A new client came to me after preparing his individual tax returns on TurboTax for several years, including one for a rental property. He reached out because he was planning to sell that property and wanted help navigating the process. Once I reviewed his previous returns, I noticed something important—he hadn’t been claiming depreciation on the property, which is a significant annual deduction.

I explained that even though he never took the deduction, the IRS still requires depreciation to be recaptured at the time of sale. In other words, he would owe tax on the benefit he never used. He was shocked, and understandably frustrated. This was when he realized that working with a qualified tax professional could have saved him money and prevented this mistake from the start.