We 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
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Why choose a tax pro for your tax filing over DIY-ing with software? Here's a great example:
Tax softwares (including the ones that spend a lot on advertising to you) see a $5,000 expense and ask, "Is this a business expense?" You click "Yes" and categorize it as "office supplies" or "repairs." The software accepts it and moves on.
But as a tax professional, we look at that same $5,000 and ask, "Is this a repair or an improvement?" Under the Tangible Property Regulations, classifying that expenditure as a "repair" allows you to deduct it 100% today. Classifying it as an "improvement" (which software often defaults to for large amounts, to play it safe) forces you to depreciate it over 5 to 39 years.
And to protect themselves from liability, DIY softwares like these are programmed to be conservative. It defaults to the safest, most obvious path. 𝗦𝗼𝗺𝗲𝘁𝗶𝗺𝗲𝘀 𝗮𝗹𝘀𝗼 𝘁𝗵𝗲 𝗼𝗻𝗲 𝘄𝗵𝗲𝗿𝗲 𝘆𝗼𝘂 𝗽𝗮𝘆 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝘁𝗮𝘅, 𝘂𝗻𝗻𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝗶𝗹𝘆.
Comment "pro help" below if you want that kind of insight on your taxes this year.
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Boost your productivity with AI? A no-brainer. But also, did you know there are things you shouldn't do with AI in your business? (And no, we're not just talking about your tax filing.)
AI Productivity Hacks for Every Business Type
www.uschamber.com
Learn AI‑powered productivity hacks that help all types of businesses streamline workflows, automate tasks, and boost overall efficiency.0 CommentsComment on Facebook
Will you get a bigger tax refund this year?
Possibly. According to various sources, it looks like average refunds this year could land anywhere from $300 to $1,000 higher than in previous years, thanks to last year's One Big Beautiful Bill. This, of course, depends on your 2025 withholding.
Not everyone will get refunds, but you won't know where your tax burden (or refund) sits until you file.
DM us to set up an appointment if you're ready to start that process.
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First State CPAs & Associates |
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18 S. State St, Dover, DE 19901 |
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| (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 |