Tax Cuts and Jobs Act (TCJA)

The legislation known as the Tax Cuts and Jobs Act (TCJA) made sweeping changes to the tax law in 2018 – with many of those changes scheduled to expire after 2025.  As a result, individual taxpayers are seeking new strategies under the new tax regulations to minimize their tax burden.  Accel’s tax advisors can help.  Our Charleston/Mt Pleasant firm offers both traditional and comprehensive tax preparation and planning services provided by our CPA, attorney and enrolled agent tax professionals.

INDIVIDUAL TAX PREPERATION SERVICES

Preparing your own income tax return can be a task that leaves you with more questions than answers. Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It’s just too easy to overlook deductions and credits to which you are entitled. There’s no substitute for the assistance of an experienced tax professional. 

It takes a uniquely qualified and creative professional to understand the tax laws and devise optimum tax saving strategies and solutions.

  • We prepare all federal, state, and local income tax returns and offer electronic filing at no additional charge.
  • Our professionals will review your return to minimize potential problems and avoid “red flags” that may prompt IRS scrutiny.
  • We are experts in dealing with unique or complex tax issues such as those facing real estate professionals, physicians, investors, and expatriates.
  • We can show you how to adjust your withholdings or help you set up a schedule of estimated tax payments if you are self employed.
  • We are also available throughout the year to assist you in examining the tax consequences of anticipated transactions.

Individual tax return preparation is the last step in good tax planning. Our tax professionals are available throughout the year to assist you and ensure that you and your business pay only the amount of taxes you are required to pay and no more.

INDIVIDUAL TAX PLANNING SERVICES

Effective tax planning allows individuals to reduce or eliminate tax liability while optimizing financial outcomes. With recent tax law changes, including lower income tax rates, revised itemized deduction limits, and a 20% deduction for passthrough income, careful planning is crucial to take full advantage of these opportunities—especially as many provisions are set to expire after 2025.

At Accel, our tax specialists provide expert guidance tailored to your unique needs. We evaluate your financial situation to implement strategies that help you:

  • Grow and preserve assets while reducing taxes on income, estates, gifts, investments, and retirement distributions.
  • Defer income, improving cash flow and lowering immediate tax burdens.
  • Maximize deductions and credits to retain more of your hard-earned money.
  • Plan for long-term tax efficiency despite changing regulations.

In addition to addressing today’s tax challenges, our advisors help you prepare for future transitions with a focus on minimizing liabilities and protecting wealth. From initial consultations to actionable strategies, we ensure a seamless process tailored to your goals. Contact us today to schedule a consultation and discover how Accel’s personalized tax planning services can help you save money, stay compliant, and achieve greater financial security.

It’s time to implement a tax planning strategy!

Remember, our tax firm works for you, not for the IRS. Our clients often save many times our fee in reduced tax liability through careful planning and legitimate tax strategies.

Get started today