Our Bradenton office allows us to extend our services to those clients south of the Manatee River. Located just west of the Downtown and Wares Creek area.
Tarah Van Fossen MSA, EA
2424 Manatee Ave W, Ste 205
Bradenton, FL 34205
Our Ellenton office is here to provide services to the North River communities of Palmetto, Ellenton, Parrish and north Manatee County. Located conveniently one mile west of Interstate 75.
Tonya Van Fossen, EA
3704 US Hwy 301 N, Ste 3
Ellenton, FL 34222
Tax Planning is an evaluation of your business and/or personal income, evaluating your deductions and savings potential with the proper application of IRS Tax Code. Your tax plan is the annual road map to ensure you are maximizing your tax savings potential with your business and individual deductions. We are here to help you tax plan.
With a wave of new tax changes affecting your business and personal taxes. You need a firm that stays current with the latest tax code changes. Whether you are an individual, business or non-profit entity, income taxation can be a complex road to navigate alone. We are here to help with your tax preparation needs.
We are here to help you implement an accounting process that keeps your financials current, allowing for better management decisions all year long. Business owners using timely financial statements know where their business stands. Estimated profits/ losses and how to maximize tax deductions before tax time arrives.
About A Tax Shelter
Family Owned And Operated
Over 20 years experience and knowledge
Our mission is clear; to build a lifelong relationship with our clients. We are here to help them solve problems, we advocate for them and we provide the answers they need to make informed decisions regarding their taxes. We aim to provide a friendly, professional and competent service to the individuals and small business clients who depend on A Tax Shelter, Inc every year for their accounting, payroll and tax filing needs.
Frequently Asked Questions
Am I having the correct amount of withholding from my paycheck/retirement distributions?
We offer tax planning services to review your current withholding. Knowing your current and expected tax bracket can take the guess work out of withholding. Check your tax withholding here at https://www.irs.gov/paycheck-checkup and schedule an appointment today with one of our experts to review your current tax and withholding needs.
What is Itemizing and how does this help me?
The IRS issues a Standard Deduction amount annually, this is a no questions asked reduction to your annual income. If you have allowable deductions in excess of the Standard Deduction, you have the option to itemize. Itemizing allows you to reduce your taxable income even more than the Standard Deduction. Review allowable itemized deductions here and see how you stack up. https://www.creditkarma.com/tax/i/standard-deduction-vs-itemizing/.
Who qualifies as a dependent?
Dependents can be your child and, in some cases, other individuals that live within your household or that you provide for. This IRS publication outlines the various steps to determine who is your dependent. https://www.irs.gov/pub/irs-pdf/p929.pdf.
What is the child tax credit, has it changed with the new tax reform?
With the implementation of the Tax Cuts and Jobs Act of 2018, the Child Tax Credit has been raised from $1,000 to $2,000 per child under the age of 17. This act has also allowed for a $500 tax credit for other qualified dependents on your tax return. Read more on the tax changes https://www.irs.gov/credits-deductions/child-tax-credit-and-credit-for-other-dependents-at-a-glance.
What is a tax credit and how does that help me when I file my taxes?
Tax credits help to reduce your tax liability on an annual basis. Some tax credits are refundable becoming part of your refund and others only reduce your tax liability. Here is a list of IRS tax credits https://www.irs.gov/credits-deductions-for-individuals Schedule your tax planning appointment with one of our experts to see if you qualify.