Our Mission is saving you Money.
NorthWest CPA is a firm that specializes in helping people and smaller to mid-sized businesses. We are here to help you. IRS notices can be costly and difficult to understand for you or your company. Get set up right to avoid these pitfalls and spend your time and money growing your business. We are able to handle a wide array of services due to the fact we have the experience.
CFO Services
We offer CFO virtual and onsite services that can help businesses during a time when the company does not have a CFO or can't afford one. Our CFO can come on-site or work remotely and provide training and service at a rate lower than having a full-time CFO. In this, you will get an actual CFO with 15 years of C-Level experience and is an active CPA. Not many CFO Services today offer a CPA's.
Tax Services
Only a few expenses are as large as income taxes. For a C-Corporation, Federal and State income taxes combine can account for 21% of your profits. Not including state taxes. For pass-through entities such as S-Corporations, Limited Liabilities Companies, and Limited Partnerships, and Federal and State income taxes can combine to account for up to 37% of your income. This is not including your payroll, state revenue, and property taxes.
In layman's terms, this means that as much as 50% of your earnings can go to taxes. You get to keep the other 50%. We can hardly think of a larger business expense.
However, it doesn't always have to be that way. We have the know-how and expertise to assist you in achieving the lowest tax liability legally possible and maximum refund to the fullest extent permitted by law.
For Businesses
We start with a discussion of:
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your business entity type (e.g. C-corp, S-corp, partnership, sole proprietorship)
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tax treatment by the IRS
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how it will impact your personal taxes
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how to maximize the tax benefits of your entity type
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and the pitfalls to avoid
We will give you a comparison of C-corp, S-corp,sole proprietorship tax attributes, explain their pros and cons, and see which one is most "tax efficient" for you. Are you in the right business entity type?
We will review tax deductions, recent tax law changes, and new tax strategies with you to see if you are currently employing all of them for maximum tax savings.
For new businesses, we will bring you up to speed on filing requirements, due dates, deadlines, and compliance requirements.
For Individuals
We prepare complex individual tax returns with rental properties, Schedule K-1s, business income and expenses, home office expenses, stock transactions, Restricted Stock Units (RSU), employee stock purchase plans (ESPP), incentive stock options (ISO), real estate transactions, 1031 exchanges, real estate professional status, qualified business income (QBI) deductions, alternative minimum tax (AMT), tax credits, and multistate tax returns.
Forensic Accounting, Expert Witness, or Litigation Support
If you need forensic accounting, expert witness, or litigation support, do not hesitate to call us. We have been to trial on many cases and have done the research when needed to be of value.
QuickBooks Implementation and Support
We are certified as a ProAdvisor with QuickBooks. This means that we can get your business set up on QuickBooks with the correct chart of accounts that work for your specific entity. We can also determine the best QuickBooks package for your needs.
We service Mead, Spokane, Spokane Valley, Chattoray, Colbert, Airway Heights, Liberty Lake, All surrounding areas, and Remote