Welcome to Thomas Smith CPA, PLLC!

As the preferred tax preparation services in North Raleigh, we aim to offer the best possible solutions and tips for our clients.

Regardless of whether you are an individual tax payer or a startup or corporation, we all have tax requirements that is better left to someone knows the current tax law. Thomas Smith CPA, PLLC knows the current law and can help you navigate the taxing waters.  Most of the tax preparation hassles can be minimized, if you follow the right steps.

The 10 Common Tax Filing Errors at a Glance! – For Individuals

  1. Mistakes in basic calculation
  2. Errors in filing the right social security number
  3. Errors in filing social security number of your spouse
  4. Claims with regards to dependents
  5. Mentioning details of all dependents
  6. Overlooking additional standard deductions that might be applicable if you are blind or over 65 years of age.
  7. Overlooking overpaid social security taxes, in case you have worked with more than one employer
  8. Missing the basics of Deductible real property taxes
  9. Missing deadlines as stated
  10. Errors related to emails and other information shared with IRS.

Missed Deductions

  • Fees related to tax preparation
  • Cell phone expenses related to the business
  • Health insurance premiums
  • Amount paid in state income tax returns
  • Gambling losses
  • Eyeglasses and contact lens expenses
  • Employee moving expenses

Tax Filing Tips for Businesses and Corporations!

Well, businesses and corporations are supposed to be transparent with their tax and IRS matters. Sadly, most companies are constantly looking for ways to save on their costs, and in that process, they often miss hiring an experienced CPA for the job.  At Thomas Smith CPA, PLLC, we strongly recommend that you keep a check on the taxes and accounting from the start of the financial year, instead of dealing with hassles in the last month.

Want to know more? Call our experts today for a quick discussion.