About McKinley Tax Service

McKinley Tax Service is an outsourced accounting company that focuses on preparing taxes for taxpayers and small businesses along with accounting services. We understand the importance of looking at the big picture, and offer our expertise so that our clients can have a peace of mind with their finances.

We take pride in being transparent and trustworthy. Explaining the numbers to our clients is our priority, as it gives the client a better understanding of where there money is going, and how they can make adjustments to be better off in the future.

Taxes

McKinley Tax Service is your local tax expert. Our services range from preparing your taxes for yourself or your small business, along with tax planning, tax consulting and IRS representation.

Taxes can be a complicated process. When we prepare your taxes, we always offer our advice of what should be done for the next year, so you or your business owes less money to the IRS so you can have more money in your pocket.

Accounting Services

Helping clients plan, operate, maximize profit and their business is what we do. We advise our clients on where their money is going, and where it should be going. We help adopt new technology to to streamline processes so they can be more efficient with their business.

The worst thing that a business can be doing is not putting an emphasis on the financial health of the business. You may have a successful business, but it could be losing money. Our expertise can help you understand everything and make sure that your financial statements are correct.

Travis Reynolds, CPA

Meet Travis

Travis Reynolds, who is the CPA (License #37275) graduated from North Dakota State University, with his Bachelors Degree in Accounting. He quickly got into the accounting field working in downtown Seattle then later transitioned into public accounting where he became a tax expert.

He loves sports, traveling, hiking, his family and his dog Lucy. He’s looking forward to help you out with your accounting needs!

Any Questions?

Monthly accounting services provide substantially more value than only an annual service. If an accountant only sees your numbers once a year, it is too late to offer advice that would have helped to make that year more profitable. And definitely too late to lower your tax liability for a year that is already over with. Here’s the top five ways monthly accounting pays for itself: 1) It saves you time, 2) You get regular business profitability advice, 3)You have peace of mind that your finances are handled, 4) Your tax liability is reduced, 5) You can make more proactive financial decisions.

Mixing business and personal finances is a major problem for small-business owners. Not only does it create headaches at tax time, it also makes it difficult to track the profitability of your company. Worse-case scenario: you get audited by the IRS and end up with major fines. Keeping these two parts of your money life separate is essential to preserve your sanity and to ensure you have a sustainable business model.

An accountant is a more encompassing term than certified public accountant (usually known by the acronym CPA). Not all accountants are CPA’s but essentially all CPA’s are accountants. Accountants generally have at least an associate’s degree in accounting (i.e. 2 years of schooling) and various levels of experience. CPA’s have a bachelor’s degree and usually a master’s degree (altogether about 5 years of schooling). CPA’s must pass four rigorous exams and then must pass an ethics exam and they must also have at least 1,000 hours of pertinent work experience in order to earn the certification. Additionally CPA’s must acquire a certain amount of continuing education to retain the certification and can be held to higher standards by state-wide standards setting associations.

Pricing for our monthly accounting services varies by your company’s needs. Our pricing is not based on the size of your company, rather our pricing model is based on your company’s accounting activity and the complexity of your financial statements. We will work with you to arrive at an affordable, fixed monthly fee. Our fixed-monthly fees are all-inclusive; services provided include profit and loss statements, balance sheets, bank reconciliation, business tax work, sales tax filings, audit representation, and unlimited consultations.

Absolutely! If you’ve been handling your books and they’ve gotten pretty messy or you are behind, we’ll help clean them up for you.

Yes! Maybe you’re not looking for a bookkeeper, but would like a trained professional to show you how to work in Quickbooks and what you should be doing. We offer training along with support for trained users.

Yes we do, we’ll e-file your taxes for FREE along with free direct deposit for any refund you may receive from your tax return.

Working with a CPA, there are a few things we can provide to you:

  1. Prepare financial statements
  2. Prepare income tax returns
  3. Calculate and prepare state taxes and related returns
  4. Advise business owners on tax advice and recent business trends
  5. Prepare specialized business reports that meet your business’ needs and provide tracking metrics to assist in making business decisions.

Many small- and mid-size businesses fail to adequately measure and manage their finances, even though poor financial management is a major cause of business failure. If you don’t have good financial practices in place, your business could suffer in a number of ways, including lost revenue, insufficient tax planning, and missed financial opportunities. A great monthly accounting service will handle your profit and loss statements, monthly balance sheets, and regular account reconciliation to help you take back control of your finances without much effort on your part.

  1. You own a business
  2. You are considering starting or buying a business
  3. You own real estate
  4. You are selling or buying real estate
  5. You would like tax advice about upcoming or past transactions such as taking money out of retirement accounts
  6. You’re uncertain if you’re completing your tax return accurately

Financial statements preparation allows a business owner to see their profit or loss in a given period. Businesses may need financial statements for management reports or to give to third parties such as banks to obtain a loan.

You will need to print the originally-filed tax return and then make the required updates in the tax software to create the amended 1040. You must print “as originally filed” on the top of the originally-filed tax return and you must print “as amended” on the amended tax return. You will need to complete form 1040X. You should these three forms in the following order: 1040X, amended 1040, originally-filed 1040. You must submit a paper copy of these to the IRS.

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