Simmons & Associates of North Texas, PLLC has provided income tax, accounting, business services, and asset planning services to clients for over 30 years. We are based in Arlington and Southlake, Texas and serve clients in Arlington, Fort Worth, Southlake, Grapevine, and Dallas. As seasoned CPAs, we know that you are looking for EXPERIENCE in the professional advisors that you depend upon to help you progress through the various stages of your financial life. We seek to blend our personal attention into our accounting, tax and financial services. We have the expertise to answer your specific needs. We serve clients in the DFW Metroplex including Tarrant, Dallas, Denton and Johnson Counties.
TAX PREPARATION & PLANNING
Income taxes are central to planning for Businesses and Individuals, regardless of age, income, or wealth. We have provided tax and accounting services to clients for over 30 years, and pride ourselves on helping you MAXIMIZE TAX SAVINGS, both short-term and long-term. Business owners generally have more complex tax situations and require more significant planning to coordinate the impact of decisions on both business and individual taxes. We stay abreast of the ever changing tax laws at the federal and state levels. We use the best online tax research materials, and we use the best tax preparation systems to help give you focused answers and more efficient service. Whether you are an individual in need of our experience, or whether you own Family Limited Partnerships, Limited Liability Companies, Corporations, or Trusts (or all of these), we can help with your tax planning and tax preparation needs. We can provide IRS tax help with income taxes, payroll taxes, or other tax issues.
The tedious tasks involved in maintaining accurate bookkeeping and generating financial statements for your business is most often the area that gets the least attention, until time catches up at year end and correct information is needed for preparation of tax returns. We can maintain your business accounting, whether you need monthly financial statements, quarterly financial statements, or just annual financial statements. If your books are a mess, we can help you clean them up. We can support your staff on accounting issues on a ongoing basis. We can provide tax help as needed. Whatever software program you use, we can help keep the accounting balances correct so that accurate financial statements can be generated when needed. Accurate financial statements provide the basis for ongoing tax planning and tax savings.
QuickBooks is the most used small business accounting program. Many of our clients use QuickBooks and frequently need help in how to handle specific transactions or how to correct errors that have been made. QuickBooks is touted as a simple to use program, but a certain level of accounting knowledge is required to use and update financial transactions and balances. We can support your staff and tune up your QuickBooks system to keep your records accurate.
Small and large businesses need help from their professional advisors in analyzing and making decisions on multiple financial and business issues that arise from time to time. We can help in banking relationships and bank loan acquisition. We can advise you on the sale of your business or acquisition of another. We can assist in lease versus buy decisions, real estate investment decisions, employee screening and hiring issues, selection of the best organization structure, computer software selection, and many other business issues that frequently face the business owner. Our experience helps us guide you in the right direction.
ASSET PLANNING SERVICES
Planning and managing your tax, financial and accounting
activity during the stages of your financial life is a difficult and challenging
journey. Knowing the combination of income tax issues, legal issues, local and
federal regulatory issues, and estate planning issues, requires guidance from your professional advisors,
particularly your CPA. We approach the task of guiding you by first understanding
what your goals are, analyzing your current situation, and providing
recommendations that fit into a structured plan for your future. Protecting
your assets involves a combination of adequate insurance, proper entity
structuring, and proper segregation of assets into risk categories. We often
recommend a combination of trusts, family limited partnerships, and limited
liability companies to achieve proper asset protection and estate tax planning.
Every situation is different and requires specific understanding of your
situation to achieve your goals. We can help you focus on actions to take to
preserve the wealth you have accumulated.