At Smith, Best & Stoneking, PC, we guide our clients through a full range of tax preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as ever-changing tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your unique situation - receipts, bills, notices, bookkeeping, etc.

These services include but are not limited to:

• Individual Tax Preparation
• Limited Liability Companies (SMLLC and MMLLC)
• Partnership Tax Preparation
• S and C Corporation Tax Preparation
• Trust and Estate Tax Preparation
• Nonprofit Tax Return Preparation

In addition to current year tax preparation services, we can aid you in navigating the tax obstacle course for next year and beyond, by helping you make advantageous tax elections currently that will continue to benefit you into the future.

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Smith, Best & Stoneking, PC's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, tax planning and investments.

These services include but are not limited to:

• General ledger and financial statement preparation
• Bookkeeping (Monthly, quarterly, or annual)
• QuickBooks system setup and support
• Payroll processing
• Personal financial statements

At Smith, Best & Stoneking, PC, we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace and tax law.

These services include but are not limited to:

• Compiled and Management Use financial statements
• Entity selection and structuring
• Transaction structuring and negotiations
• Business succession

Effective estate and trust planning can ensure financial security for loved ones. For business owners, it can maintain a smooth succession of ownership. Smith, Best & Stoneking, PC's role is to help you and your attorney navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well-thought-out plan as to how to distribute the assets left in one's estate so as to avoid complications and to be sure that the individual’s wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.

Smith, Best & Stoneking, PC's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. Along with your financial adviser, we can help guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Smith, Best & Stoneking, PC can work with your investment adviser to ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Making sure your small business has adequate documentation before the IRS is a key to success. Smith, Best & Stoneking, PC can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business. We can maintain a general ledger for you and provide a detailed trial balance or management-use statements monthly. We also provide a variety of resources on our "Tax Tools" page, including financial calculators, records retention guides, etc. Smith, Best and Stoneking uses QuickBooks platforms exclusively to implement their bookkeeping and payroll services.

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Smith, Best & Stoneking, PC, along with your attorney, can advise you on choosing an entity type that best fits your needs currently and for the future. With our knowledge and expertise, you will always receive the most advantageous recommendations regarding entity type and structure for your business.

Professional representation can be vital during an audit, and our experience with taxing authorities enables us to guide clients in their dealings with federal, state, and local agencies. If you have been chosen for an audit or merely receive a notice or inquiry, the professional representation you will find with our firm can help put your worries at ease. We are ready, willing, and yes, even eager to answer any and all questions the IRS or other taxing jurisdictions may present to you. We can not only help, but we take great pride in resolving issues and obtaining the best possible outcomes for our clients.

Smith, Best & Stoneking, PC's payroll services can help you reduce the time spent on administration through developing and implementing a payroll system that will facilitate processing, timely payment of wages, taxes, deductions, and preparation of payroll tax reports. We have recently partnered with QuickBooks to help bring your small business a system that produces immediate and consistent results.