Michele Decoteau
micheledecoteau@verizon.net
Business Profile: Plumb, CPA
For many accountants there are five seasons: spring, summer, fall, winter and taxes. Peter Plumb is no exception. At his firm, Plumb, CPA, they help business and individuals with tax preparation and tax planning. Peter is a certified public accountant (CPA) with beautiful offices in Whitinsville and Sturbridge.
Like a lot of small businesses, Plumb, CPA offers many services to their clients. They help small and medium sized companies with all aspects of accounting. They have experience helping businesses with financial statements, financial forecasts and projections, payroll services, as well as cash flow and budget analysis.
Plumb, CPA offer small businesses assistance with the selection and set up of accounting software. Selecting the right software for your business and your skill level is no easy task. Plumb, CPA can help to make this an easy transition and can help when you are stuck.
They can help non-profit organizations with many of these same services as well as a year-end audit. Plumb, CPA has worked with a wide variety of non-profit clients including schools, rest homes, faith-based organizations, and the United Way.
For individuals, Plumb, CPA offer tax preparation services, estate planning, and retirement planning. They prepare for months learning about the changes in tax code both at the state and federal level, but individuals only have a short time to get their information ready for their tax preparer. Peter offers some suggestions on how best to get ready to meet your tax professional.
1. Get Organized. “Get everything you’ve been mailed like
W-2s, bank statements, and deduction information together in once place,”
says Peter. “Often you can look at last year’s tax return
for information.” If you check the Plumb, CPA website at: www.1040.org,
you can request a tax organizer booklet to help as well.
2. Run through your checkbook. “Check for amounts of excise tax,
charitable deductions, real estate taxes paid, and rent if you are renter.
If you paid for child care, keep track of that amount and the tax id number
of the person who cared for your child,” reminds Peter. “Also,
add up large medical expenses such as braces or long term health insurance.”
3. Be ready to start planning for 2007 taxes. “Bring your tax preparer
your most recent pay stub with current adjustment,” says Peter.
This will help to assess the changes in your expected income this year.
“Give some consideration to what may change your income this year.
For example, are you getting married, expecting a raise or to change jobs,
are you selling your home, or having kids?” All of these can and
will affect your income and your deductions.
There are many changes to the tax code affecting both individuals and corporations. “For example, the Fast Lane commuter deduction is back and individuals will receive a refund for long-distance services,” Peter points out.
Plumb CPA, truly offer great service to all their clients no matter what the size or needs they present. “Most of my old time clients want to meet face to face at least once a year just to see my face,” Peter laughs. Younger clients want to have fast service using current technology. “I do offer file share so that tax information is put on a secure Internet site and we can both download the information instantly. This also gives clients their tax returns for many years in one place.” The firm’s website has a wide variety of financial tools to help calculate mortgage info, retirement savings, investment and loan calculators, and more.
To learn more about Plumb, CPA’s services, please visit their website at: www.1040.org.
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This article orginally appeared in the January 2007 Blackstone Valley
Shopper.
