Our Services
Accounting & Tax Services You Can Count On.
Our family-owned accounting firm is available to provide the community with the accounting support and services it needs. Our team is growing and is dedicated to offering both personal and professional financial services including tax preparation with the highest level of integrity.
Proudly Serving Clients in Lenexa & Beyond
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Individuals
When it comes to tax time, many individuals find themselves feeling stressed and overwhelmed. After all, there are a lot of forms to fill out and deadlines to meet. However, working with a tax professional can help take some of the burdens off of your shoulders.
At JWA Accounting and Tax Services, we can help you sort out your tax planning and answer any questions you may have. We can also help you better understand how to file and if you have any tax deductions or credits that you may be eligible for.
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Small Businesses
As a small business owner, you know that there are a million and one things to keep track of - from inventory and expenses to customer relations and marketing. And while you may wear many hats in your business, there are some tasks that are best left to the professionals.
One of those tasks is accounting. Many small business owners try to handle their own accounting, but it can be a daunting and time-consuming task. We can help you keep track of your finances, prepare your taxes, and offer advice on financial matters.
Tax Compliance & Preparation
We can help with tax compliance and preparation for individuals and small businesses as well as assist with tax planning to ensure that you are paying the correct amount of taxes.
Tax consulting & Planning
Take the opportunity to discuss your personal tax preparation or business needs with a Lenexa Tax Professional. We’ll help you navigate frequently asked questions and create a plan to help you achieve your financial goals.
accounting & bookkeeping
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Tax Preparation Bundles
Frequently Asked Questions
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To book an appointment, please visit our Contact page.
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The most important thing you can do to ensure that your small business is in compliance with tax laws is to stay organized and keep good records. Be sure to track all of your income and expenses, and keep receipts and other documentation handy in case you need to reference them later. You should also set aside money each month to pay your taxes, so that you don't get behind and end up owing a large sum of money at tax time.
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The first step is to find out if your business is required to file taxes. If you are a small business owner, the answer to this question largely depends on the structure of your business. For example, sole proprietorships, partnerships, and S corporations typically have to file tax returns, while C corporations may or may not be required to file, depending on their business activity. Other factors, such as your business location and revenue, can also affect whether or not you are required to file taxes.
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The frequency with which you have to file taxes also depends on the structure of your business. For example, sole proprietorships and partnerships typically have to file taxes on a quarterly basis, while S corporations and C corporations usually have to file taxes on an annual basis.
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If you do not file your taxes when you are required to, you may be subject to a number of penalties, including late fees, interest charges, and even criminal charges in some cases. Therefore, it is important to make sure that you file your taxes on time and in accordance with the law.
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There are a number of deductions that small businesses can take, including deductions for business expenses such as office supplies, equipment, and travel. Additionally, small businesses may also be able to take advantage of tax breaks for things like hiring employees, investing in research and development, and more.
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There are a number of tax credits that small businesses can claim, including credits for things like energy-efficient equipment, research and development, and more. Additionally, small businesses may also be able to take advantage of tax breaks for things like hiring employees, investing in research and development, and more.
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The specific forms that you need to file your taxes will depend on the structure of your business and the nature of your business activity. However, some of the most common forms that small businesses have to file include Form 1040 (for sole proprietorships and partnerships), Form 1120 (for C corporations), and Form 990 (for non-profit organizations).