About Us
I'm licensed as an Enrolled Agent. As an EA, I have unlimited rights in dealing with the IRS and I can help with most tax issues. I specialize in small business and self-employed taxation and also work often with real estate-related taxation.
I'm offering tax planning advisory services now as well to help clients be more proactive about managing their tax liabilities rather than only using the reactionary approach that is much more limited and costly long-term. This year is especially important to meet with a tax consultant, due to the most extensive tax law changes since 1986.
I offer the following services:
- Financial Reporting & Review
- Sales Tax Reporting & Consulting
- Financial Reporting & Consulting (to improve Pricing strategy, make changes to improve Profitability, etc.)
- Small Business Payroll Tax Returns
- Tax Planning & Estimated Tax Optimization
- Tax Consulting (IRS and State)
- IRS & Florida Department of Revenue Tax Representation & Resolution (audits, collections, etc.)
- Tax Research
Please contact me if you have any questions or would like any more information about my services.
ZC Tax Advisory LLC
DBA "ZC Tax Services"
Naples, FL 34104
Phone: (239) 208-6335
Email: zach@zctaxservices.com
Website: www.zctaxservices.com
How We Got Started
I began working at a CPA firm while still finishing my college degree and worked there for 3 tax seasons.
Following my first accounting firm experience I decided to earn my license as an Enrolled Agent (EA) and specialize in tax matters, something that most CPA's don't specialize in. As part of this process, I gained experience working at a Tax accounting firm with EA's to get more in depth experience working directly on tax matters.
In late 2013, I began to focus exclusively on building my own client base and my own business. It was a slow process initially, but after gaining clients' trust and their referrals without any marketing budget, my business and experience expanded further.
I have the experience, determination, and knowledge to make positive changes in your business!
The products and services we offer
Recommendations Received (40)
"Very responsive company!"
"Zach is honest and does what he says he will do hard to find in business these days"
Products & Services
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Recent Activity
Short and sweet answer.... not many! Extension of time to file and extension of time to pay are two very different things. However, this year the burden was eased slightly from that 90% figure to 80% for tax year 2018 due to Tax Reform for the underpayment penalty...
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Short and sweet answer.... not many! Extension of time to file and extension of time to pay are two very different things. However, this year the burden was eased slightly from that 90% figure to 80% for tax year 2018 due to Tax Reform for the underpayment penalty (
https://www.irs.gov/newsroom/irs-expands-penalty-waiver-for-those-whose-tax-withholding-and-estimated-tax-payments-fell-short-in-2018-key-threshold-lowered-to-80-percent). Still, most of the tax needs to be paid by the original due date to avoid penalties.
There are ways to minimize FICA (social security & medicare) taxes and to maximize the 20% QBI deduction in some cases. S-Corps aren't generally audited as much as Schedule C filers (sole prop LLC). The Schedule C form is a bigger target for audit as IRS knows most smaller businesses don't...
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There are ways to minimize FICA (social security & medicare) taxes and to maximize the 20% QBI deduction in some cases. S-Corps aren't generally audited as much as Schedule C filers (sole prop LLC). The Schedule C form is a bigger target for audit as IRS knows most smaller businesses don't keep correct books and most audits of Schedule C result in significant changes to balance due for the taxpayer. There are other aspects to consider, but those are two key reasons.
Cost segregation is one option to accelerate depreciation for those with significant passive income (and considering all other client circumstances, such as estimated eventual property disposition value). They also share the ability to deduct professional fees to reduce their taxes like a...
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Cost segregation is one option to accelerate depreciation for those with significant passive income (and considering all other client circumstances, such as estimated eventual property disposition value). They also share the ability to deduct professional fees to reduce their taxes like a business, unlike individuals. Depending on the level of activity, the rental property owner could also elect tax treatment as a real estate professional. This is highly valuable and allows RE professionals to use passive losses to offset other active income, unlike anyone else who is limited by the PAL (Passive Activity Loss) limitations. Of course there are MANY more and the best options depend on individual situation (past,present, future timeline). All the above options have limitations and don't work for everyone, but are great options to consider.
This is a topic that comes up more for mature businesses and experienced tax advisors because the automatic response of anyone is.... "of course I want to pay less taxes, paying more would never be a good thing."
This response is generally the right approach. However, what if you use all your...
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This is a topic that comes up more for mature businesses and experienced tax advisors because the automatic response of anyone is.... "of course I want to pay less taxes, paying more would never be a good thing."
This response is generally the right approach. However, what if you use all your discretionary tax deductions (auto mileage, depreciation, retirement, etc.) in a way that you look like you never make any money when you go provide your returns to get a loan?
Who would lend to a person that shows no profit EVER on their tax returns?
Would this be a good risk to take for the bank?
No...... and it's not necessarily true that you make no money just because you're smart with your tax filings. But, this is how the lender sees it and that is who has to be convinced.
Lenders want to check their box that you make money on your tax return (yet they don't understand tax law) and don't care about the explanations.
When seeking a loan or financing is when paying more taxes might make sense.
Of course, there are many other examples and that is why everyone needs a LONG-TERM, FULL PICTURE tax advisor who is familiar with their particular situation and how it might impact them over time rather than only the immediate impacts.
For those who have basic W-2's ONLY, the compliance costs AND taxes will be down in most cases. For everyone else?
I would estimate (rough guess) 75% of returns will see lower overall tax liability.
This does come with a caveat for business taxpayers, real estate investors, investors,...
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For those who have basic W-2's ONLY, the compliance costs AND taxes will be down in most cases. For everyone else?
I would estimate (rough guess) 75% of returns will see lower overall tax liability.
This does come with a caveat for business taxpayers, real estate investors, investors, etc.
The new law increased many deductions, but also increased the compliance and planning work necessary for many non-W2 taxpayers.
These taxpayers will need to rely on their tax advisors more than ever to reap the full tax benefits that are now available (beginning tax year 2018) as a result of the vast tax code overhaul.
Regardless of your situation, because the 2018 changes were so vast (unlike anything since 1986, and even more) it would be wise to meet with a tax advisor for your 2018 tax filing even if you plan to self-prepare after the first year of the changes.
Price is typically more important for less-informed and short-term minded clients. However, customer service is more important for the long-term success of the business.
Price really is a short-term selling point. It's for clients that want quick and easy with no regard to the long-term effects...
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Price is typically more important for less-informed and short-term minded clients. However, customer service is more important for the long-term success of the business.
Price really is a short-term selling point. It's for clients that want quick and easy with no regard to the long-term effects of the choice they are making or the quality of service.
Also, businesses that compete on price alone are either (1) selling commodities or (2) financially struggling and likely to go out of business over time.
Additionally, it depends on the demographic you are dealing with as well. Lower income clients will be more prone to prioritizing price as many times there are no other identifiable options and higher income clients will always prefer excellent customer service.
Obviously, both factors are important and deserve thoughtful consideration before implementing the plan.
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Although there were many factors that affected my decision to start my own business, the most significant was when I realized how much room for growth there was in the tax accounting sector and that I felt there was very few truly qualified tax practitioners. There needed to be more tax...
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Although there were many factors that affected my decision to start my own business, the most significant was when I realized how much room for growth there was in the tax accounting sector and that I felt there was very few truly qualified tax practitioners. There needed to be more tax specialists in an occupation dominated by general accountants.
I wanted the freedom to study as many different tax issues as possible, take on cases I chose to work on, and to adopt newer, efficient technology to improve upon what is offered by a traditional tax accounting practice. The last point was very important, as accountants are generally reluctant to adopt newer methods and technology. It was very important to me to not have any limitations on what technology, information, and processes I was willing to consider to continually improve the business.
Assuming an extension was filed earlier in the year, ensure you have all your 2017 tax documents and provide to your accountant as soon as possible. Accountant will likely not be able to complete by extended deadline this late in the game, but if your tax filing & payment history is compliant,...
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Assuming an extension was filed earlier in the year, ensure you have all your 2017 tax documents and provide to your accountant as soon as possible. Accountant will likely not be able to complete by extended deadline this late in the game, but if your tax filing & payment history is compliant, you may be eligible to abate any penalty(s) assessed.
The nonprofit would be required to report Unrelated Business Income on a Form 990-T.
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The nonprofit would be required to report Unrelated Business Income on a Form 990-T.
