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Services – Individual 2017-11-28T19:08:16+00:00

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INDIVIDUAL SERVICES

Your financial goals are unique. Whether you need help planning your estate or for your retirement, want to minimize your tax liability and protect your assets, or need your tax return prepared, Bauer Evans offers personal tax and financial consulting services you can rely on. We de-mystify the complexities of tax law, estate/gift planning and retirement planning, offering sound advice to help you integrate your tax strategies with your overall financial planning.

Working with you we can offer year-round guidance on the best tax strategy for major life decisions such as the sale of a home, cashing in stock-options, gifting to children or grandchildren, or the creation of a legacy plan or foundation. At Bauer Evans, we are inspired to be the best and run our business with integrity. Our dedicated staff will work tirelessly to earn your trust and deliver services and recommendations to meet your needs.

FINANCIAL PLANNING

  • Do you have a plan to make sure you never run out of money in retirement?
  • Are inflation and taxes eroding your savings?
  • Is your portfolio exposed to too much risk approaching or in retirement?
  • Will your Social Security election cost your family upwards of $100,000?
  • Do you know exactly how you are going to replace your paycheck?
  • Do you know how much you need to retire?

Today, we face new challenges than other generations had faced before when retiring. Navigating this on your own can be confusing, so we take the time to explain everything to you: the risks, the options available, and ultimately to help you make the best educated decision for your specific situation.

We use a proprietary approach to handling our clients’ retirements because we realize that your assets aren’t just numbers on a page – your savings hold the key to your future. We don’t take that responsibility lightly, which is why we offer retirement plans that balance growth, risk, guaranteed income and liquidity to help you enjoy the successful retirement you’ve worked so hard for.

We work with clients to put a plan in place that:

  • Makes sure they will get the most out of Social Security
  • Preserves their wealth by reducing exposure to future market downturns
  • Creates a reliable income stream that will last through retirement

INVESTMENT PLANNING

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At Bauer Evans, we believe you should only have to go to one place to get your financial affairs in order, especially since they’re all so interconnected. That’s why, in addition to our tax planning services, our clients are able to take advantage of retirement, investment, and estate planning services offered by our sister company, Madrona Financial Services. We call this multi-dimensional and comprehensive approach, “The Bundle.”

Click To Visit Madrona Financial Services

*By clicking the Madrona Financial Services link you will be leaving Bauer Evans and redirected to a new site.

The advisors at Madrona Financial Services are fiduciaries and CPAs meaning your retirement recommendations will always be made with your best interests and tax-smart strategies at the forefront.

As interest rates rise and the bond market adjusts, the need to review your current investments and to find new avenues for growth and security is more important than ever. Investment management doesn’t have to be complicated to achieve the best results. It starts with your goals, time horizon and risk tolerance and ends with a financial plan that mitigates your exposure to risk, allows your various accounts to work together in a cohesive manner, minimizes your tax liability and maximizes your potential returns. We pride ourselves on taking the time to educate every client on the options available to them so that you have the opportunity to understand the big picture and make educated investment decisions with our personalized guidance.

For both current real estate investors looking to get out of active property management without a major tax burden and those accredited investors* interested in diversifying their portfolio beyond stocks and bonds, Madrona Financial Services offers solutions for passively adding real estate to your portfolio. Through the use of DSTs or REITs, accredited* and current real estate investors may have the opportunity to diversify their portfolio with real estate. Each of these offer unique benefits from the ability to invest as part of a qualified retirement plan to potentially satisfying the requirements of a 1031 exchange and deferring the capital gains and depreciation recovery tax on the sale of highly appreciated real estate.

LEGACY PLANNING

  • Will your home avoid probate at your passing?
  • Will your heirs receive benefits in a tax-efficient manner?
  • Have you satisfied your charitable intent with your current estate plan?
  • Are you aware that lower cost corporate trustee services are available?
  • Have you shared your final wishes with your loved ones?
  • What mark will your legacy leave?

Estate plans need to be designed and executed with a high level of attention to detail in order to minimize related taxes for your family and heirs, allow your assets to pass on outside of probate court and make sure your final wishes are carried out exactly as planned. Even small mistakes can prove to be very expensive and invalidate legal documents, which is why our team of professionals takes the time to review every aspect of your plan extensively. We look forward to the opportunity to help you get your affairs in order with the confidence of knowing your legacy will leave its mark.

QUICKBOOKS

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The initial setup and installation must be done correctly in order for future information to be accurate. All information necessary to setup manual accounting records is also necessary to setup and install QuickBooks.

Which accounting method will you use? What chart of accounts do you need for your business? How do you handle beginning balances? An expert can easily answer all of these questions and complete the initial setup and Installation in a timely manner. In addition, your accounting employees receive training on the accounting software to enhance their performance.

QuickBooks Setup Services:

  • Study and evaluate your procedural and accounting needs
  • Recommend software and identify hardware requirements
  • Install software, design and set up chart of accounts and necessary accounting packages including payroll, accounts receivable, inventory, accounts payable, etc.
  • Determine your QuickBooks starting date
  • Load your chart of account and balances as of that starting date
  • Help you enter your outstanding accounts receivable and accounts payable details as of your starting date
  • Help you enter your ending statement bank balances and outstanding checks and deposits in transit as of your starting date
  • Print a trial balance as of your starting date and compare it to your trial balance from your old system
  • Enter your transactions since your starting date into QuickBooks
  • Train you or your staff to use the software to meet your accounting management needs

Ongoing Services:

  • Follow up training to ensure the you are on the right track
  • Monthly, quarterly or annual review of client QuickBooks data to assist in tax preparation and management reports

Once QuickBooks is set up and working properly, we can train you or your employees to properly operate the software specifically for your business.

  • We come to your location.
  • We focus on the individual issues facing your business. We will be there to answer your specific questions and concerns.
  • No need to spend time on features that don’t impact your business

Never Hesitate to Ask a Question

QuickBooks users are generally not stumped by the software, they are stumped by the accounting information necessary to complete the transactions. Quick access to correct information is essential to maintain the accuracy of your financial records. Employees in your accounting department will find comfort in knowing an expert in QuickBooks is only an email or phone call away. Email and telephone support prevents many wasted hours of aggravation and frustration.

RETIREMENT PLANNING

Click on a service below for more information.

At Bauer Evans, we believe you should only have to go to one place to get your financial affairs in order, especially since they’re all so interconnected. That’s why, in addition to our tax planning services, our clients are able to take advantage of retirement, investment, and estate planning services offered by our sister company, Madrona Financial Services. We call this multi-dimensional and comprehensive approach, “The Bundle.”

Click To Visit Madrona Financial Services

*By clicking the Madrona Financial Services link you will be leaving Bauer Evans and redirected to a new site.

The advisors at Madrona Financial Services are fiduciaries and CPAs meaning your retirement recommendations will always be made with your best interests and tax-smart strategies at the forefront.

The retirement landscape we face today has evolved drastically in the past few decades. Generations before us had guaranteed sources of lifetime income from their employers, collected their Social Security benefits, and only needed their retirement income to last another 10 years or so. Today, we’re living longer, employers are more likely to offer 401ks and IRAs than pensions, and our Social Security benefits likely aren’t enough to support what could be a 30-year retirement. That’s why you need a comprehensive financial plan that helps to get you to and through retirement—maximizing your nest egg potential while minimizing your tax burden. Madrona Financial Services can explain the risks you face, the options available to you regarding retirement investments and income, and help you make the best educated decision for your specific situation. They’ll be sure to help you understand strategies that allow you to secure your legal maximum Social Security benefit, preserve your wealth by reducing exposure to future market downturns, and create reliable income streams to last you through retirement.

Over the coming decades, Boomers will pass down $30 trillion in assets to their families yet too few have a plan for how the wealth transfer will occur or strategies in place to minimize the tax burden their loved ones will face. Estate plans need to be designed and executed with a high level of attention to detail in order to minimize related taxes for your family and heirs, allow your assets to pass on outside of probate court and make sure your final wishes are carried out exactly as planned. Even small mistakes can prove to be very expensive and invalidate legal documents, which is why our team of professionals takes the time to review every aspect of your plan extensively. Our team looks forward to the opportunity to help you get your affairs in order with the confidence of knowing your legacy will leave its mark.

TAX SERVICES

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Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the Federal Government’s General Accounting Office, most taxpayers believe they benefited from using a professional tax preparer.

Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.

Here’s what you get:

  • Your tax return will be checked and rechecked by our experienced staff to identify potential problems and maximize your benefits
  • Our staff will help you understand your payroll withholding to cover your annual taxes without overpaying
  • Help you estimate your tax liability for the following year and calculate estimated tax payments if needed
  • Your tax return can be filed electronically so you will get a refund back quicker.

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by participating in professional education programs.

We recommend tax saving strategies that help you:

    • Grow and preserve assets
    • Defer income so you can keep your money now and pay less taxes later
    • Reduce taxes on your income so you keep more of what you make
    • Reduce taxes on your estate so your family keeps more of what you’ve made
    • Reduce taxes on your gifts so you can give more
    • Reduce taxes on your investments so you can grow your wealth faster
    • Reduce taxes on your retirement distributions so you can retire in style

We work for you, not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Letters and notices from the IRS state taxing agencies can be daunting and working with a revenue agent can be intimidating. We can help you to understand what they are looking for and the best way to resolve the matter with the least stress and expense.

We work for you, not for the taxing agencies. We strive to be your advocate and reduce your tax liability through careful planning and legitimate tax strategies.

Are you having problems with the IRS? We’re here to help you resolve your tax problems and put an end to the misery that they cause. We pride ourselves on being very efficient and affordable. Government debt will not go away on its own. Penalties and interest will continue to accrue every day.

If you owe taxes, it’s important to deal with it right away. The taxing authorities will not go away and the levy process can be devastating.

IRS Problem Resolution Services (retainers required):

IRS Audit Representation – Rarely do our clients have to speak directly with the IRS. We can handle the audit for you.

Non-Filed Tax Returns – If you do not file, you can be prosecuted and punished with potential jail.

Back Taxes Owed – It’s amazing how fast tax penalties and interest add up. We offer several options when it comes to resolving unpaid taxes.

Payroll Tax Issues – The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees’ withholdings.

Liens – Liens filed against you by the taxing authorities show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home.

Levies – We are often able to get levies released and help you get out of a terrible situation.

Wage Garnishment – The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments.

Seizures – A Seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets: your home, cars, boats, jewelry, motorcycles, insurance policies, even your retirement funds.

Offer In Compromise – Did you know that you may be able to settle your debt with the government for a fraction of the liability with an Offer in Compromise program?

Payment Plan – If you don’t qualify for the Offer In Compromise program, a Payment Plan may be the way to resolve your problem.

WEALTH TRANSFER

Estate planning and wealth transfer often go hand in hand. A good estate plan considers lifetime gifts as well as protecting your assets after death. You have worked hard to build your wealth and it should be distributed to those you care most about when and how you want. There are strategies for transitioning wealth during your lifetime to family, friends, and charities that can help reduce your estate tax burden.

DON’T PROCRASTINATE.

Tax Day comes fast!

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