Asheville CPA - What We Do

What We Do As An Asheville CPA Firm

The Asheville CPA firm Thomas L. Codington, P.A., offers a complete range of tax, accounting, and consulting services to meet the needs of businesses and individuals in Buncombe, Henderson, Haywood, and Transylvania Counties.  Our primary areas of focus include Strategic Tax Planning, Tax Problem Resolution, QuickBooks Training and Support, Entity Selection and New Business Advice, and Real Estate Accounting and Taxation.  What sets us apart is that we tailor our services to meet the unique needs of each individual client.

STRATEGIC TAX PLANNING

We believe that you should not pay more tax than is required by law…and may need help in minimizing your tax obligation.  That’s why we do what we do.  The trusted advisors of our firm are here to be your advocate and representative before the taxing authorities.  We have the knowledge and experience necessary to navigate the complex, confusing, and constantly changing tax laws, and to ensure that you pay no more tax than is legally required.  It is our mission to save you taxes…and help you keep more of your hard-earned income.

QUICKBOOKS TRAINING AND SUPPORT

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don’t just help you use the software, we help you use it more efficiently and more effectively.

OUTSOURCED ACCOUNTING

For less than what it costs you to do it yourself or hire someone, Thomas L. Codington, P.A. can manage all or part of your accounting function.  Our accounting services steer you closer to your goals with accurate record-keeping and reporting, as well as support on financial issues such as initial accounting system setup and cost-containment.  We can also set up financial reports to guide your business in making financial decisions, planning, and evaluating performance.

PAYROLL SERVICES

For many small businesses, payroll is an inefficient and overwhelming task that can require resources your company can’t afford to invest.  Outsourcing this critical function can actually save your company money and lighten your work load.  We can prepare your payroll checks weekly, bi-weekly or semi-monthly, maintain complete payroll records for each employee, and prepare all required payroll tax reports and W-2 forms.  We can also assist you in making your tax payments timely, in order to eliminate or reduce costly penalties.  Our Direct Deposit payroll services are even more convenient as you have no checks to sign and distribute.

ENTITY SELECTION AND NEW BUSINESS ADVICE

Your business entity has a large impact on your taxes and other liabilities.  From your company’s inception through its growth and development, we can advise you on choosing the best entity type, and later restructuring it if appropriate. With our knowledge and expertise, you will be informed of the most advantageous entity type for your business.

TAX RETURN PREPARATION

With an average of over 30 years of experience in federal and state taxation, our tax preparers can give you peace of mind about the accuracy of your tax return.  We are detail-oriented, careful, and thorough in our review procedures so as to ensure a tax return that minimizes your tax liability.

TAX PROBLEM RESOLUTION

Professional representation can be vital in responding to tax notices and handling tax collection matters.  Our Asheville CPA firm specializes in IRS tax problem resolution for both businesses and individuals.  Our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies.  We will talk directly to the IRS or State Department of Revenue, and help resolve back taxes, collection issues, tax liens and levies, garnishments and set up payment plans.  In addition, if you are chosen for an audit, our tax professionals will represent you, deal directly with the taxing authorities, and minimize your involvement with the examination.

REAL ESTATE ACCOUNTING AND TAXATION

Finding the right accountant can be a daunting task, one that many real estate investors (both new and experienced) often struggle with.  Similar to a property management company, a knowledgeable accountant can be worth his/her weight in gold.  Good tax-planning CPAs can save you much more money than they cost; in the long run, they will undoubtedly justify your investment in their services. When you have Thomas L. Codington, P.A. on your side, you will enjoy the long-term benefits of making such a wise choice for your business.

PERSONAL FINANCIAL PLANNING AND RETIREMENT PLANNING

Our primary objective is to help you reach your financial goals and maintain financial independence through a comfortable retirement.  We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning.  Whether you are developing an investment strategy or evaluating current investments, we can ensure that your portfolio will take into account tax implications for an advantageous after-tax return.  The road to retirement is a long one and we can help you take the proper steps to reach your goals.