Available Services
Income Tax Services
Estate Tax Services
Small Business Services
Retirement Planning
College Planning
Income Tax Services
Woods Financial Services offers a wide variety of income tax services to its clients. These services include:
- Tax return preparation
- Strategic tax planning
- Tax authority representation
With his many years of professional experience, we are familiar with and can prepare income tax returns for individuals, corporations, s-corporations, partnerships, trusts and estates. Multiple states are not an issue, as our staff has extensive experience with tax returns of multiple states including, California, Massachusetts and the New England area.
We also electronic filing of all tax returns, where available, make extensive use of electronic state and IRS resources, and communicate with email and offer electronic client organizers to ease the process of gathering information for individual tax returns.
In addition to tax return preparation and compliance, we are available to offer representation before all administrative levels of the Internal Revenue Service (IRS), including audits, appeals and collections. We have the knowledge and the experience to achieve the best possible result for you, no matter what your situation is. This representation service extends to state and local income tax authorities as well.
Finally, but by no means least, we offer ongoing service as needed for strategic tax planning and tax issue research. In particular, our professionals have expertise in dealing with financial instruments, real estate and property handling and transactions, and in dealing with the Alternative Minimum Tax (AMT).
Estate Tax Services
It is said that death and taxes are the two certain things in this world. It is even worse when taxes must be paid because of death. Fortunately, with Woods Financial Services, you have an ally who can help you deal with and minimize these issues. Some of the estate services available include:
- Estate tax return preparation
- Estate and trust income tax return preparation
- Estate tax and business succession planning
Whether you want to plan to minimize estate and gift taxes, or need preparation of an estate or a gift tax return, Woods Financial Services can get the job done. Using the most effective techniques available, our staff can accomplish whatever your estate goal is. Where a trust or will is needed, Woods Financial Services can refer you to fully qualified attorneys to have the documents created.
Small Business Services
For the small business that needs ongoing bookkeeping services, Woods Financial Services provides QuickBooks support. We offers periodic accounting for your small business using QuickBooks for both Windows and Macintosh platforms. This service is offered at reasonable rates and can be done either at your business or in our office.
Woods Financial Services can also assist you in creating and operating your small business. Services offered include choosing business and tax structure as well as outside business consultation.
- Quickbooks service
- Ongoing bookkeeping
- Business structure and formation
- Consultation
Saving for retirement is more difficult than ever. There are so many choices for retirement vehicles to choose from and the rules so complex, you need to take a college course to be able to understand it all. Luckily, Woods Financial Services can sort it all out so you don't have to. From choosing between a Roth IRA, a SEP or a 401(k) plan, or determining how much to save or how much to distribute at retirement, Woods Financial Services is there for you.
- Plan choice
- Plan administration
- Contributions
- Distributions
- Beneficiary selection
College Planning
The cost of attending college has never been higher. For years, the cost of higher education has more than eclipsed the rate of inflation. In recent years, new legislation has been passed that has created new tax advantaged savings vehicles for higher educational tuition. Woods Financial Services can help guide you through these programs and help guide you to take the most advantage of them and maximize your ability to qualify for scholarships, grants, and financial aid.
- Financial aid planning
- College saving
- College applications
