Know what happened. Know what comes next.
Your return should do more than tell you what you owe or what you are getting back. Waddy prepares federal and applicable state returns, explains the important items affecting your tax position, and identifies what may deserve attention before the next filing season.
A completed return should not leave you with unanswered questions.
Tax preparation can easily become a once-a-year transaction focused only on reporting what already happened. Documents go in, a return comes out, and the conversation ends with a single number.
That works well enough when a return is simple. It becomes harder to accept as the situation gains moving parts: business income, investments, rental properties, multiple states, additional entities, additional schedules, and other reporting requirements. Each of those adds something to the result, and the result stops being self explanatory.
So the taxpayer ends up knowing the final figure without knowing what drove it, why the result changed from last year, which items mattered most, or what might need to be handled differently during the year ahead. The return is finished. The understanding is not.
We think a professional tax preparation experience should close that gap. The return is the deliverable. Understanding it is part of the work.
Three things, not one.
A completed return gives you the tax result. A strong tax preparation engagement should leave you understanding three things.
What happened
The return organizes and reports the tax activity for the year.
What it means
Waddy explains the significant items affecting the tax result.
What deserves attention next
If the return reveals something that should be addressed before next filing season, Waddy identifies it.
The goal is not just to file the return. The goal is to make sure you understand it, and know what deserves attention before the next one is due.
Prepared carefully. Explained clearly.
The annual engagement may include the following, depending on what the situation requires.
Federal Tax Return Preparation
Professional preparation of the applicable federal tax return based on the information provided.
State Tax Return Preparation
Preparation of applicable state returns based on filing requirements and information available.
Review of the Tax Position
Review of significant items affecting the current tax result.
Explanation of Important Items
Straightforward explanation of major items on the return so you understand what is driving the result.
Identification of Planning Issues
Identification of matters that may deserve attention before the next filing season.
Examples include estimated tax payments, withholding, owner compensation, retirement contributions, business income, and other tax planning considerations revealed by the return.
Annual tax preparation identifies issues worth attention. It is not a substitute for sustained planning throughout the year. Where a situation calls for ongoing projections and decision support, that work belongs to a separate engagement, described further down this page.
Complexity changes what the return requires.
No two financial situations are identical, so no two returns take the same amount of work. Complexity is not unusual. It can come from owning a business, investing, owning property, earning income in multiple states, or simply having more moving parts in your financial life. It changes what the return requires.
- Business income
- Additional schedules
- Multiple states
- Investments
- Rental properties
- Multiple entities
- Business entity returns
- Other reporting requirements
The starting price establishes a baseline. The final scope reflects the return that actually needs to be prepared.
Know where the engagement starts.
These are starting prices, published so you can judge the fit before you contact us.
Individual Form 1040
Federal individual income tax return preparation. Final pricing depends on the schedules, states, investments, rental activity, and other reporting required.
Individual Return + Schedule C
Individual tax preparation that includes business activity reported on Schedule C. Final pricing depends on business and individual return complexity.
Business Entity Return
For S corporations, C corporations, and partnerships. Final pricing depends on entity complexity and reporting requirements.
Final pricing depends on complexity, additional schedules, states, entities, investments, rental properties, and other reporting requirements.
We will review the information you provide, determine the scope of the return, and confirm the engagement before work begins.
Sometimes the return starts the next conversation.
Preparing a return often reveals something that would have been easier to address earlier. Estimated taxes. Withholding. Compensation. Retirement contributions. Business income. Another significant tax or financial decision.
When those issues are apparent from the return, we identify them so they can be addressed earlier in the year ahead rather than discovered again at the next filing deadline.
Tax preparation handles the year that has already closed. When the return shows us something that deserves attention during the year ahead, we tell you.
Need year-round planning?
Waddy Proactive Tax Planning & Business Advisory is a separate 12-month advisory engagement for established business owners who want tax projections, cash flow visibility, financial reporting reviews, and financial decision support throughout the year. It is a different engagement with a different scope, and it is not required in order to have your return prepared here.
Tax preparation for financial lives with moving parts.
This work tends to suit people whose returns have more than one thing going on.
- Your return includes business income
- You own rental property
- You have investments or multiple sources of income
- You file in more than one state
- You own or operate a business entity
- You want to understand the significant items affecting your tax result
- You want to know when something deserves attention before next filing season
None of this is a requirement. Waddy also prepares individual returns that do not involve every one of these situations. If you want your return prepared carefully and explained clearly, that is reason enough to get in touch.
Leave tax season knowing more than the final number.
Your tax return should tell you what happened. Your tax professional should help you understand why it matters and what may deserve your attention next.
Know what happened. Know what comes next.
Know what happened. Know what comes next.
Your return should do more than tell you what you owe or what you are getting back. Waddy prepares federal and applicable state returns, explains the important items affecting your tax position, and identifies what may deserve attention before the next filing season.
A completed return should not leave you with unanswered questions.
Tax preparation can easily become a once-a-year transaction focused only on reporting what already happened. Documents go in, a return comes out, and the conversation ends with a single number.
That works well enough when a return is simple. It becomes harder to accept as the situation gains moving parts: business income, investments, rental properties, multiple states, additional entities, additional schedules, and other reporting requirements. Each of those adds something to the result, and the result stops being self explanatory.
So the taxpayer ends up knowing the final figure without knowing what drove it, why the result changed from last year, which items mattered most, or what might need to be handled differently during the year ahead. The return is finished. The understanding is not.
We think a professional tax preparation experience should close that gap. The return is the deliverable. Understanding it is part of the work.
Three things, not one.
A completed return gives you the tax result. A strong tax preparation engagement should leave you understanding three things.
What happened
The return organizes and reports the tax activity for the year.
What it means
Waddy explains the significant items affecting the tax result.
What deserves attention next
If the return reveals something that should be addressed before next filing season, Waddy identifies it.
The goal is not just to file the return. The goal is to make sure you understand it, and know what deserves attention before the next one is due.
Prepared carefully. Explained clearly.
The annual engagement may include the following, depending on what the situation requires.
Federal Tax Return Preparation
Professional preparation of the applicable federal tax return based on the information provided.
State Tax Return Preparation
Preparation of applicable state returns based on filing requirements and information available.
Review of the Tax Position
Review of significant items affecting the current tax result.
Explanation of Important Items
Straightforward explanation of major items on the return so you understand what is driving the result.
Identification of Planning Issues
Identification of matters that may deserve attention before the next filing season.
Examples include estimated tax payments, withholding, owner compensation, retirement contributions, business income, and other tax planning considerations revealed by the return.
Annual tax preparation identifies issues worth attention. It is not a substitute for sustained planning throughout the year. Where a situation calls for ongoing projections and decision support, that work belongs to a separate engagement, described further down this page.
Complexity changes what the return requires.
No two financial situations are identical, so no two returns take the same amount of work. Complexity is not unusual. It can come from owning a business, investing, owning property, earning income in multiple states, or simply having more moving parts in your financial life. It changes what the return requires.
- Business income
- Additional schedules
- Multiple states
- Investments
- Rental properties
- Multiple entities
- Business entity returns
- Other reporting requirements
The starting price establishes a baseline. The final scope reflects the return that actually needs to be prepared.
Know where the engagement starts.
These are starting prices, published so you can judge the fit before you contact us.
Individual Form 1040
Federal individual income tax return preparation. Final pricing depends on the schedules, states, investments, rental activity, and other reporting required.
Individual Return + Schedule C
Individual tax preparation that includes business activity reported on Schedule C. Final pricing depends on business and individual return complexity.
Business Entity Return
For S corporations, C corporations, and partnerships. Final pricing depends on entity complexity and reporting requirements.
Final pricing depends on complexity, additional schedules, states, entities, investments, rental properties, and other reporting requirements.
We will review the information you provide, determine the scope of the return, and confirm the engagement before work begins.
Sometimes the return starts the next conversation.
Preparing a return often reveals something that would have been easier to address earlier. Estimated taxes. Withholding. Compensation. Retirement contributions. Business income. Another significant tax or financial decision.
When those issues are apparent from the return, we identify them so they can be addressed earlier in the year ahead rather than discovered again at the next filing deadline.
Tax preparation handles the year that has already closed. When the return shows us something that deserves attention during the year ahead, we tell you.
Need year-round planning?
Waddy Proactive Tax Planning & Business Advisory is a separate 12-month advisory engagement for established business owners who want tax projections, cash flow visibility, financial reporting reviews, and financial decision support throughout the year. It is a different engagement with a different scope, and it is not required in order to have your return prepared here.
Tax preparation for financial lives with moving parts.
This work tends to suit people whose returns have more than one thing going on.
- Your return includes business income
- You own rental property
- You have investments or multiple sources of income
- You file in more than one state
- You own or operate a business entity
- You want to understand the significant items affecting your tax result
- You want to know when something deserves attention before next filing season
None of this is a requirement. Waddy also prepares individual returns that do not involve every one of these situations. If you want your return prepared carefully and explained clearly, that is reason enough to get in touch.
Leave tax season knowing more than the final number.
Your tax return should tell you what happened. Your tax professional should help you understand why it matters and what may deserve your attention next.
Know what happened. Know what comes next.