Welcome to First State CPAs & Associates

Full-Service Accounting, Tax Preparation, Tax Planning and Bookkeeping for Individuals and Businesses Nationwide

At First State CPAs, we make YOUR life less taxing!

First State CPAs & Associates specializes in providing first-rate business accounting, tax preparation, and advisory services. Our team of dedicated professionals has the experience, insight, and business acumen to identify the best accounting solutions and tax strategies for maximizing deductions and credits, as well as improving overall business performance.


First State CPAs, Dover DEWe specialize in bookkeeping, payroll, income tax return preparation, and retirement planning, and serve a nationwide clientele consisting of individuals and businesses of all types and sizes (LLC, partnerships, C & S Corporations), as well as trusts and estates. As financial problem solvers, we provide practical advice and proactive solutions with personalized service. We are affordable, experienced, and friendly, and we tirelessly study and research the ever-changing world of tax law and regulation so that we can help every client realize the greatest possible savings and return on investments. Our office is conveniently located in Dover, Delaware. Please contact us today to find out more about how we can make YOUR life less taxing!

Tax
Services

First State CPAs, Dover DE - Tax Services
A comprehensive approach to both business and personal taxes that leverages veteran expertise with a passion for client satisfaction.

Accounting
Services

First State CPAs, Dover DE - Accounting Services
An uncompromising commitment to the most reliable accounting techniques and practices for both individuals and businesses.

Software
Services

First State CPAs, Dover DE - Software Services
Installation, setup and training for all versions of Quickbooks from in-house Advanced Certified Quickbooks ProAdvisors.

Retirement
Planning

First State CPAs, Dover DE - Retirement Planning
Invaluable guidance from in-house Certified Retirement Counselors with investments, risk management, estate planning and more.

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Only thinking about taxes when tax season rolls around means you're only ever on defense, just trying to make sure you don't get in trouble with Uncle Sam.

It's time to get an offensive strategy. Evaluate your 2023 taxes, consider your current life situation, and make a plan to reduce that burden. When you think strategically about your money and the year ahead, you can actually capitalize on all the ways you could legally be paying the IRS less.

Wonder how you can do that? Let's talk.
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3️⃣ tax strategies that will help you keep more 💰 in your pocket when you have to file taxes next year:

✅ Income shifting: Slow down and let some of your income fall into the next year, especially if you're right at the edge of a higher tax bracket. This can be as simple as deferring a year-end bonus or accelerating deductions.

✅ Retirement contributions: Increasing your retirement savings across accounts like 401(k)s and IRAs is a dual-benefit move. For 2024, if you pump up your 401(k) contributions to the max, say around 23K, plus an additional catch-up amount for those 50 or older, you’re effectively reducing your taxable income right now.

The same goes for Traditional IRAs, where hitting the limit (around 6K, plus a 1K catch-up for the 50-plus crowd) can offer an immediate tax deduction.

While Roth IRAs don’t lower your taxable income today, they set you up for tax-free growth and withdrawals down the line. By strategically maxing out these contributions, you're potentially lowering your current tax bracket, so you can save this year.

✅ Capital gains and losses: Knowing when to harvest your investments can make a big difference in your tax bill. Pick the right moment to sell. This will ensure you're in a lower tax bracket to minimize capital gains taxes as part of a smart tax planning strategy.
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When you decide to make someone your significant other, you're not usually thinking about money compatibility -- which is too bad because once you're in your relationship, you'll find this is one of the biggest factors affecting your relationship.

That's why getting on the same page in your financial perspectives should be a top priority. Here are a few ideas for how to do that: www.kiplinger.com/personal-finance/how-a-couple-can-get-on-the-same-financial-page
... See MoreSee Less

When you decide to make someone your significant other, youre not usually thinking about money compatibility -- which is too bad because once youre in your relationship, youll find this is one of the biggest factors affecting your relationship.

Thats why getting on the same page in your financial perspectives should be a top priority. Here are a few ideas for how to do that: https://www.kiplinger.com/personal-finance/how-a-couple-can-get-on-the-same-financial-page
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First State CPAs
& Associates
18 S. State St,
Dover, DE 19901
 (302) 736-6657
Business Hours
January 1st April 15th
Monday–Friday:8am–5pm
Saturday & Sunday:closed
April 16th December 31st
Monday–Thursday:8am–5pm
Friday, Saturday & Sunday:closed