Our process begins with an in-person or telephone meeting where we carefully listen to you and learn about your plans and concerns. The more we learn about you, the better we can advise you on a tax or financial reporting plan. We then discuss various options with you to determine what an appropriate plan would be for you. Once we have jointly decided on a clear course of action, we assist you with the execution of the necessary operational and reporting steps. We then follow through with quality reporting and advice for as long as we have the opportunity to be of service to you.
TAX PREPARATION
Stanford, Munko & Co., PLLC provides thoughtful, comprehensive federal and state tax return preparation services. Our team of CPAs and accounting staff have over 200 years of combined experience in this area. We prepare integrated tax returns for the following entity types:
- · Individuals
- · Corporations
- · Partnerships
- · S Corporations
- · Homeowner Associations
- · Limited Liability Companies (LLCs)
- · Trusts
- · Estates
- · Non-Profit Organizations
- We also prepare state income tax returns for every income tax state as well as local business tax returns including:
- · State of Washington Excise Tax
- · County Personal Property Taxes
- · City Business Taxes
Tax Planning
At Stanford, Munko & Co., PLLC, we believe that careful tax planning plays a crucial role in our clients’ financial success. While we place great emphasis on the preparation of complete and accurate tax returns, we believe tax planning decisions that occur on a continual basis throughout the year are what determine a successful tax result. We seek to work closely with our clients trusted financial advisors, retirement plan specialists, and other professionals in a team-oriented approach to ensure the best possible result for our clients. We specifically advise our clients regarding decisions related to:
- · Tax projections and tax payment planning
- · Timing of financial transactions
- · Real estate transactions
- · Gifting
- · Estates
- · Business transactions
- · Trusts
- · Entity structures
- · Should you set up an entity? What type would be best for you?
- · How to set up and utilize the features and benefits of an entity
- · Entity tax reporting and compliance
- · Business reporting
- · Business tax deductions
- · Retirement fund planning and setup
- · Stock option exercise decisions
- · Retirement timing
- · Wage structure and employee benefit planning
Business Advisory Services
Whether you sell or manufacture products or provide services, owning a business is fraught with decision making that is often unrelated to the work necessary to earn your revenue. The CPAs at Stanford, Munko & Co., PLLC can help. We advise business owners on many financial aspects of their business including:
- · Entity setup and use
- · Business deductions
- · Business accounting
- · Payroll structure and setup
- · Business decision making
- · Retirement account setup and funding
- · Employee benefits
- · Officer compensation
- · Business expansion
- · Business purchase
- · Business sale or transfer
- · Tax planning
- · Cash flow management
- · Business tax compliance and reporting
- · Valuation advice
Homeowner Associations
Stanford, Munko & Co., PLLC provides complete auditing and tax accounting services to over 300 condominium associations, homeowner associations, and co-operative associations. Our CPAs have over 150 years of combined experience in this area.
Financial Consulting
The CPAs at Stanford, Munko & Co., PLLC provide advisory services for the multitude of financial decisions. Should I buy or sell my residence, an investment property, a business? What are my financing or re-financing options? What is the best way to fund my child’s college education? How should I invest funds for retirement? Any one of these financial transactions and many others like them influence your tax obligation. We can advise you on a path that makes sense for your personal situation.
Estate Planning
Whether you own a business or just want your estate to pass easily to your beneficiaries, the CPAs at Stanford, Munko & Co., PLLC can help.
We can advise you on the best plan for your situation so you can reduce the tax due on the transfer of your business and/or other assets, reduce complications for your loved ones, and ensure a smooth transition of assets.