Albin and Associates Accounting and Tax Services

  • Paperless, internet-based CPA Services

    • We employ the most advanced methods of electronic document transfer and storage. Our clients enjoy 24-hour access to their files, as well as the ability to share controlled access to lending institutions.
    • Encryption is by far the superior method of file management, especially when compared with mailing paper documents, or storing documents unsecured in your home or office. E-filing allows instant transmission of your returns, no postage, and no receipt tracking. E-deposit and e-withdrawal eliminate missing or lost checks.
    • Many financial institutions operate in a paperless environment. Albin Accounting can retrieve data and eliminate repetitive steps, saving time and fees.
  • Individual income tax returns, tax planning and tax preparation

    • Albin and Associates Accounting prepares any and all necessary federal and state tax returns for individual and business taxpayers in all states. We create a secure, encrypted portal for you to upload your documents.
  • Entity selection planning — critical tax issues concerning business organization

    • Albin and Associates Accounting advises entrepreneurs to consult not only their attorney but also their accountant before beginning a business venture. While the attorney can advise on how the business should be organized to address legal issues, Albin and Associates Accounting can provide insight into taxation for the various entities. The taxation ramifications are extremely different as applied to a C corp, an S corp, an LLC or a sole proprietorship.
    • There are also significant tax reasons a particular business should not be organized in certain entity structures. Albin and Associates Accounting wants to ensure that our clients are structured to minimize their tax obligations. We work diligently with our clients on an ongoing basis to ensure that both legal and tax matters are considered when making financial decisions.
  • E-filing through secure portal upload

    • You can send your financial information to us through our secure, encrypted portal via your computer, tablet or smart phone. You should never send sensitive financial information through regular email. We will e-file your return and you can elect to have the IRS direct deposit your refund into your bank account. Our online portal allows our clients who move or travel for business to have continuous access to us and their tax filings without the burden of face-to-face appointments. Once your work is underway, we will further interact personally with you through both email and telephone.
  • IRS Audit Representation

    • Albin and Associates Accounting can provide representation before the IRS, facilitate tax settlements with the taxing authorities, or arrange an IRS payment plan.
  • Divorce Asset Allocation

    • Unfortunately, most people going through the process of divorce rarely consult with their tax accountant before signing a legally binding contract of divorce, which has a significant impact on future personal finances and taxation. A cold, hard reality of divorce is that it primarily has to do with "asset allocation" between two persons. The terms of divorce can be negotiated, but most people leave it to the attorneys to decide their financial fate. In addition to guidance from professional legal counsel, the assistance of an experienced tax professional can be invaluable. Providing pertinent financial and tax data to our client and his or her attorney can help effect a satisfactory settlement.
    • It is our professional responsibility to advise our clients on the tax implications of various financial decisions to help protect them from unexpected consequences. Albin and Associates Accounting believes it is essential that clients be fully informed, and that they understand the tax and financial consequences of the negotiated terms of divorce.
  • Family Businesses and Family Trusts

    • Albin and Associates Accounting has extensive experience with trusts, family trusts and family businesses. We clearly explain the benefits and drawbacks of methods of asset transfers between generations. Within families there can be dynamics that make properly handling issues important not only financially but also personally. This is when it is critical that a client's family relationships be considered as part of overall planning. Additionally, this foresight can save a family business so that it can prosper for generations to come.
  • Gift and estate tax planning

    • With the right gift tax strategy, it is possible during a single tax year to give a gift that exceeds the annual gift maximum threshold without paying gift tax. However, it requires advanced planning. This area of taxation is volatile, with constant and numerous tax law changes. Planning is an ongoing process of developing a tax strategy and continuously reevaluating that strategy. It is essential to be in compliance with gift and estate tax code changes.
    • Albin and Associates Accounting works closely with our clients and their legal advisors to ensure their assets are protected with the best possible decisions. Our goal is to help our clients retain as much as possible of their hard-earned wealth for the benefit of their family and future generations.