Welcome to Elm Rose Accounting & Services, where we take the stress out of tax!  Our team of experienced professionals are dedicated to providing accurate and personalized tax solutions for individuals and small businesses.  Explore our range of services and let us be your trusted partner in navigating the complexities of tax compliance.

​

​

About Us?

At Elm Rose Accounting & Services, we've been serving clients for over 10 years.  Our team of seasoned professionals brings a wealth of expertise and a commitment to excellence in every aspect of tax services.  We believe in building lasting relationships with our clients, guided by our core values of integrity, transparency, and client satisfaction.

​

 

Comprehensive Tax Services include:

• tax preparation:  from straightforward individual returns to complex filings, we ensure accuracy and compliance

• tax planning:  strategic planning to optimize your financial position and minimize tax liabilities.

• prior year(s) filing: Catch-up on your taxes with ease.

• tax filing:  federal and state returns nationwide with FREE E-File and year-round access.

• consulting:  proactive advice for informed financial decision-making
• tax organization:  our team will build you a personalized tax organizer to assist you with all your important documents.

• EIN assistance 

• 1099/W2 preparation

​

 

Elm Rose Accounting & Services Firm offers:

• discounts:  multi-bundle/ students/ service members/ musicians/ performing artists/ educators/first responders/ family file/ referral program. 

• in-office, drop-off, remote, hybrid, and mobile appointments available

• free E-File with every return

• portal access and direct contact with your preparer

• extended hours and Year-Round Tax Services

• ES Tax quarterly services

 

 

File now and Pay Later Option:

During peak Tax season our firm will offer banking cards through Reward Advantage to all those who qualify.  Call and ask about this option to file your taxes on time and at limited to no cost to you at the time of preparations.  

​

Hours of Operation

by appointment:  24/7

to schedule:  text or call (512) 500-5158

 

 

What to bring to your appointment:

Personal Information

• Social Security or ITIN card for yourself

• Social Security or ITN card for your joint return filer

• Amount of any alimony paid and social security numbers

• Last year tax return filed

 

Other people who may belong on your return

• Dates of Birth and social security/ITIN numbers

• Approximate income of other adults in our home (not your joint filer)

• Form 8332, copies of your divorce decree, or their documents showing that your ex-spouse is releasing their rights to claim a child to you.

 

Employee information

• Form W-2

• Name, Address, Social security or ITIN number for anyone you paid to care for your children or work in your home.

 

IRA Information

• Amount contributed for the tax year

• Traditional IRA basis

• Value of IRAs on Dec 31 of tax year

 

Other Income

• Unemployment, state tax refund(1099-G)

• Gambling Income (W-2G or records showing income, as well as expenses records)

• Amount of any alimony received and ex-spouse’s name

• Heath care reimbursement (1099-SA or 1099_LTC)

• Jury duty records

• Hobby income ad expenses

• Prizes and awards

• Other 1099

Rental Income

• Records of income and expenses

• Rental asset information (cost, date placed into service, etc.) for depreciation

 

Savings and Investments

• Interest, dividend income (1099-INT, 1099-OID, 1099DIV)

• Income from sales of stocks or other property (1099-B, 1099-s)

• Dates of acquisition and records of your cost or other basis in retry you sold

 

Itemizing Deductions

• Forms 1098 or other mortgage statements such as closing documents.

• Amount of state/local income tax paid (other than wadge withholding), or amount of State and local sales tax aid

• Real estate and personal property tax records

• Invoice showing amount of vehicle sales tax paid

• HUD statement showing closing date of home purchase

• Cash amounts donated to houses of worship, schools, other charitable organizations.

• Records of non-cash charitable donations

• Amounts paid for preparation of or prior year tax return.

• Job-hunting expenses

 

Education Payments

• Bills from the educational institution or anything else that itemizes what you paid or received loans for verses what was covered by scholarship or other financial aid

• Forms 1098-T and 1098-E, if you received them

• Scholarships and fellowships

 

 

Vehicle Information

• Total miles driven for the year (or beginning and ending odometer readings)

• Total business miles driven for the year (other than commuting)

• Amount of parking and tolls paid

• If you want to claim actual expenses, receipts and totals for gas, oil, car washes, licensees, personal property tax, lease or interest expenses etc.

 

Self-Employment Information

• Forms 1099 MISC, Schedule K-1, income records to verify amounts not reported on 1099s

• Records of all expenses-check registers or credit card statements, and receipts

• Business-use asset information (cost, date placed in service, etc.) for depreciation

• Office in home information, if applicable

 

Retired Income

• Pension/IRA/annuity income (1099-R)

• Social security/RRB income (1099-SSA, RRB-1099

 

Medical Expenses

• Insurance documents received from the IRS or employer

• Receipts for all medical equipment/ aides/therapy animals/etc.

• Receipts for all medication

• Receipts for all medical doctors, therapy, hospital, tests done, etc.

• Miles, food, and lodging for all medical during tax year

If you were affected by a federally declared disaster

• City, cunty you lived/worked/had property in

• Records to support property losses (appraisal, clean-up costs, etc.)

• Records of rebuilding repair costs

• Insurance reimbursement/ claims to be paid

• FEMA assistance information

• Check FEMA site to see if my cunty qualifies for individua assistance

***Business Customers- Please see additional Small Business List******

 

THIS IS ONLY INTENDED TO ACT AS A GUIDE, ADDITIONAL ITEMS MAY BE NEEDED AS TAX LAWS CHANGE. IF YOU ARE UNSURE BRING IT!

 

ALL DOCUMENTS ARE RETURNED AFTER FILING OF YOUR RETURN.

​

 

 

 

 

 Some Business Deductions:

​

 

 The purpose of this worksheet is to help you organize you tax deductible business expenses.  In order for an expense to be 
deductible, it must be considered an “ordinary and necessary” expense.  You may include other applicable expenses.  Do not include 
expenses for which you have been reimbursed, expect to be reimbursed, or are reimbursable. If you would like additional information 
on what you can deduct for your business contact our office and we will be happy to assist you. 

Ordinary Supplies 
Advertising 
Books and Magazines 
Business Cards 
Uniforms 
Bank Charges 
CD/DVD Blanks 
Repairs 
Replacements 
Seminars 
Business Trips: Food/ 
Lodging/Travel 
Online Services 
Telephone: Cell 
Telephone: Business Cell 
Small Tools 
Dues 
Vehicle & Travel 
Total Miles of Vehicle for year 
Total Miles for Business 
Lease Vehicle Cost 
Interest on Vehicle 
License Plates of Vehicle 
Conventions 
Major Purchases 
Computer Equipment 
Storage 
Desk/Chair 
Office Furniture 
Television-Office Use 
File Cabinets 
Scanner/ Copier 
Cabinets 
Business use of Home  
Total S Feet of Home 
Business Area of Home Sq Fee 
Business Hours Used for year 
Home Mortgage Interest 
Property Taxes 
Hazard Insurance 
Rents 
Allocated Expenses (10% of business Use) 
Cleaning Supplies 
Maintenance and Repairs of Home 
Utilities: Cable/Internet/ Electric/ Gas/ Sewer/ Water/ Trash
 

​

 

Frequently Asked Questions

​

1.  When is the deadline for filing taxes?

​The typical deadline for filing federal income tax returns is April 15th.  However, if the 15th falls on a weekend or holiday, the deadline is extended to the next business day.  We do not recommend waiting until the last minute to file your taxes. 

Elm Rose Accounting & Services offers 3 ways to complete your taxes, virtual, hybrid, or utilizing our mobile tax services.

 

2.  Can I file for an extension if I can't meet the tax deadline?

Yes, Elm Rose Accounting & Services would be happy to assist you with your request for an extension, which usually gives you an additional six months to file.  However, it's important to note that an extension to file is not an extension to pay any taxes owed.  This amount, if any, is due at the time of filing for an extension. 

 

3.  How can I check the status of my tax refund?

You can check the status of your federal tax refund on the IRS website using the "Where's My Refund?" tool.  State tax refund statuses can usually be checked on your state's tax agency website.  Elm Rose Accounting & Services portal will give you up to date information regarding your filing status. 

 

4.  What documents do I need for tax preparation?

Common documents include W-2s, 1099s, receipts for deductible expenses, and any other relevant financial documents. When you schedule your appointment with Elm Rose Accounting & Services, you will be sent a tax organizer to assist with ensuring you have all tax items ready.

 

5.  Can I e-file my tax return, and is it safe?

Yes, you can e-file your tax return for free with Elm Rose Accounting & Services, and it's generally considered safe and secure.  Elm Rose Accounting & Services and the IRS use encryption technology to protect your personal information. 

 

6.  How long should I keep my tax records?

It's recommended to keep tax records for at least three years, and some documents may need to be kept longer.  This includes supporting documentation for deductions, credits, and other items on your tax return.  Utilizing Elm Rose Accounting & Services portal, you will have access to your return year round.

 

7.  What happens if I miss the tax deadline?

If you miss the tax deadline without filing for an extension, you may face penalties and interest on any unpaid taxes.  It's essential to file as soon as possible to minimize these additional charges. 

Elm Rose Accounting & Services offers appointments from 9am - 11:30pm, 7 - days a week year-round.  

 

8.  What is the difference between a tax deduction and a tax credit?

A tax deduction reduces your taxable income, while a tax credit directly reduces the amount of tax you owe.  Credits are generally more beneficial as they provide a dollar-for-dollar reduction in your tax liability.

 

9.  Do I need a tax professional, or can I do my taxes myself?

While some individuals can successfully file their own taxes, Elm Rose Accounting & Services can provide expertise, ensure accuracy, and help maximize deductions.  Your choice may depend on the complexity of your financial situation. 

We offer competitive pricing, discounts, and referral programs making it easy to leave it to the pros at Elm Rose Accounting & Services!