TAX PREPARATION SERVICES
Planning For Individuals & Families
At Thompson Tax Associates, we provide budget & spending planning services and tax preparation services for individuals and families. View the additional tax services we provide for individuals and families. We are a Certified Public Accountant serving Montgomery County including Gaithersburg, Rockville, Clarksburg, and Germantown.
Budget & Spending Planning
Do you ever find yourself with a little too much month left once all the inflow has been consumed? Most will experience this at some point in their lifetime. Some are plagued by it. Smart people will work effectively to get ahead of this situation. Sometimes that is easy to accomplish and sometimes we need a little assistance. We have worked with individuals and families to effectively make a spending and saving plan which will help accomplish their overall objectives.
Planning for Personal Changes such as:
- Children’s education – Section 529 plans
- Moving to a new larger or smaller home
- Moving to another state or locality
- New vehicle purchase
- Purchasing a vacation home
- Joining a Retirement Community
Life-Kit Book
TTA developed the Life-Kit Book to guide you organize and document how you manage your finances, important documents, family relationships, professional relationships and final instructions. We put your book together with you during several meetings with one of TTA’s accountants. It is then updated annually to keep your information fresh. Doing this may bring specific omissions or redundancies in your financial plan to attention. And that discovery can help us get you where you want to be!
Tax Services For Individuals & Families
Thompson Tax Associates are trusted and knowledgeable Certified Public Accountants in Gaithersburg, Maryland. We provide tax services including income tax filing, household employee services, audits and examinations, and more.
Tax Services For Individuals & Families
Thompson Tax Associates are trusted and knowledgeable Certified Public Accountants in Gaithersburg, Maryland. We provide tax services including income tax filing, household employee services, audits and examinations, and more.
Income Tax Preparation Services
Whether it’s facing a new tax legislation or making sure the agencies are not keeping too much of your hard-earned money, effective tax planning means there are many fewer surprises at “tax time”. We provide income tax accountant services and work with clients to estimate their annual tax burden. In doing so, we identify any income shifting to manage Adjusted Gross Income and Taxable Income. This is particularly helpful during times of change. 2018 brought such a huge shift in tax policy. So planning was essential. But it’s not always a global shift which causes the need to plan. Each year clients come to us with changes requiring re-working their tax plans.
Personal changes can be due to:
- Career changes – bonuses, commissions & promotions
- New self-employment
- Marriage combining two incomes together
- Divorce separating two incomes into two separate households
- New additions to the family or dependents leaving the household
- Retirement and planning for retirement plan distributions – 401(k), IRA, TSP, etc.
- Supporting a relative in need