Client Services

Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.

As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.


Tax Services

Tax Services

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. We contact our clients throughout the year so we can properly plan for their tax situations before the end of the year. Tax services offered include but are not limited to:

*Tax planning and return preparation

  • Individuals

  • Corporations

  • Partnerships

  • LLCs/LLPs

  • Trusts and gift

  • Not-for-profit organizations

*Taxing authority representation

*Divorce and support issues

*Tax effects of buying/selling a business

Accounting Services

Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

*General ledger and financial statement preparation

*Reviewed and compiled financial statements

*Bookkeeping (Monthly/Quarterly/Annual)

*Accounting system setup for new businesses

*Business tax return preparation (Sales & Use/Business Property)

*Personal financial statements

Consulting Services

Business Consulting

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business including:

*Business entity selection

*Debt and financing options

*Pension and profit sharing plan selection

*Cash flow and budgeting analysis

Miscellaneous

Personal Financial Services

Providing objective advice to enable you to meet your financial goals and administer your and your family's financial activities including:

*Investment review

*Retirement planning

*Education planning

*Personal financial statements

*Payroll processing for household employees

*Trust fund and foundation accounting

Family Office Services

We provide accounting services for our individual clients so that they can focus on enjoying their lives.

*Accounting and computer system setup

*Bill paying

*Investment manager review and selection

Electronic Filing

Nearly all tax preparers now use e-file and many, including Wineberg Solheim Howell & Shain (WSHS), are now required by law to e-file.

WHAT ARE THE KEY BENEFITS OF E-FILING?

  • According to the IRS, the error rate for electronically filed returns is less than one percent, compared to 20 percent for paper returns.
  • If you’re due a refund, you can expect to get it in half the time of filing a paper return — and in as little as ten days when your refund is deposited directly into your savings or checking account.
  • For taxpayers who owe taxes, e-file offers the convenience of filing an early tax return and delaying payment until it’s due on April 15th.
  • Peace of mind: Wineberg Solheim Howell & Shain (WSHS) receives confirmation within 48 hours of submission that the IRS received your return.
  • Individual taxpayers who electronically file their tax returns see a greater accuracy rate (99 percent) than those who only prepare them electronically but then print and mail them.
  • Taxpayers can electronically file their federal and state tax returns at the same time. No worrying about mailing multiple envelopes or finding different addresses.
  • There is no greater chance of being audited for taxpayers who use IRS e-file.

HOW DOES E-FILING WORK?

Your tax return is prepared in the same manner as previous years. However, you will receive only one paper copy (your client copy to be retained in your files) from WSHS, along with Form 8879, IRS e-file Authorization Signature. After reviewing your client copy for accuracy you will sign and date the e-file authorization form and return it to our office in a pre-addressed envelope we supply. Upon receipt of the signed Form 8879, WSHS will submit the electronic copy of your tax return to the IRS. State tax returns are prepared and filed in this same way. Several states also accept the federal Form 8879 as their authorization form in lieu of a separate state form.

HOW DO I SIGN MY E-FILE RETURN?

Form 8879 provides the most convenient way for you to “sign” your electronic return using a self-selected PIN (personal identification number). With a PIN, there is no paper signature document to send to the IRS. You do not need to register the PIN with the IRS, nor do you need to contact the IRS to get it. The PIN is a 5-digit number you select. It can be any five digits, except all zeroes.

Do both taxpayers filing a joint return need a PIN?

Yes, each taxpayer must sign using a PIN. The taxpayers will choose any five digits, except all zeros, as their electronic signatures.

NOTE: The Date of Birth is required as part of the e-file authentication process for the taxpayer/spouse. Along with the last name, it will be matched against the Social Security Administration (SSA) Records.

WHAT IF I OWE MONEY?

You may file electronically as soon as you are ready, and hold off on paying your bill until April 15th. Your balance can be paid by check, along with IRS payment voucher Form 1040-V, or by direct debit from your checking account (include your bank routing information and account number on Form 1040 when you file electronically). You may also pay by credit card. If you choose the credit card option, be aware you may be charged a convenience fee. To avoid late payment penalties, transmit your payment by April 15th, using your preferred method.

HOW QUICKLY CAN I GET MY REFUND?

According to the IRS, e-file is the fastest way to get your refund. When you file electronically, you can expect your refund in as little as 7 to 10 days if you choose direct deposit. Almost 73 million refunds were deposited via electronic direct deposit. Direct deposit is a fast, simple, and secure way to have your Federal and State(s) income tax refund(s) deposited automatically into your checking or savings account. You may also check the status of your refund at the IRS web site (http://www.irs.gov/) by clicking on the Where's My Refund link.

HOW WILL I KNOW THAT THE IRS HAS RECEIVED MY RETURN?

Within two business days, WSHS should receive an electronic acknowledgement that the IRS has received and accepted your return for processing. If the IRS finds an error on your return, it notifies WSHS to correct and resubmit the return. If you provided an email address on your tax organizer you will receive an email from CCH-WoltersKluwer, NOT the IRS, acknowledging e-file acceptance of your tax return by the IRS and respective states.

Beware of suspicious email from the "IRS". The IRS does not send out unsolicited e-mails asking for personal information. An electronic mailbox has been established for you to report suspicious e-mails claiming to have been sent by the IRS. (http://www.irs.gov/newsroom/article/0,,id=155682,00.html).

IS THERE A FEE FOR IRS E-FILE?

The IRS does not charge a fee for electronic filing. Some authorized IRS e-file providers may charge a fee for transmission, however, WSHS does not.

WHAT ABOUT STATE TAXES?

Currently, 45 states and the District of Columbia participate in the IRS e-file program. If your state return(s) qualifies for electronic filing, it/they can be electronically filed at the same time as your federal return.

WHERE CAN I GET ADDITIONAL INFORMATION?

Call our office, 312-372–0440, to speak with an accountant or visit the IRS web site (http://www.irs.gov/efile).

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