Income Tax Planning and Compliance

Maddox Thomson has a strong reputation for prompt, helpful responsiveness. You can count on us to be up-to-date on the latest tax laws, as well as innovative and proactive in our approach to the planning and preservation of your wealth. We can help you with income tax planning and compliance issues such as the examples listed below, as well as virtually any other tax-related services you may require.

Individual Income Tax Planning and Compliance

We can prepare all of your federal and state individual income tax returns; our expertise extends to taxes in all fifty states.

At the end of the tax year, we send each client an organizer in which to collect the required information. We keep you advised of the status of your tax return, review it thoroughly, and provide copies to submit to the taxing authority, as well as for your records.

Business Income Tax Planning and Compliance

Maddox Thomson can prepare all federal and state tax returns for partnerships, corporations, and S corporations. If you are required to make quarterly estimated payments, we can assist you in calculating the amount due for each payment. If you receive notifications or questions from taxing authorities, we will immediately respond on your behalf and work with them to resolve the problem.

Estate and Gift Tax Planning and Compliance

We can prepare your fiduciary income returns (for estates and trusts), as well as estate tax returns. We can also help you plan your gifts and any related tax returns. At every point in our process, the confidentiality of your information is of utmost importance to us. We work very hard to ensure that your information stays in trusted hands.

Our sister company, Horizon Advisors, works closely with you and your attorney to ensure your assets are passed on to the people you want to have them, devising plans for the transition of assets so that the least amount of tax is paid and the appropriate controls are in place. We can advise you as laws or your circumstances change, making sure that your planning continues to be efficient and effective.

Charitable Organization Tax Returns

We can prepare any necessary tax returns or assist with financial statements to help you maintain your nonprofit status.

Payroll Returns

We can prepare all Texas state and local payroll returns, quarterly and annual Texas unemployment returns, quarterly and annual federal taxes, federal tax deposits, and timely payroll information returns (W-3, W-2, 1096, 1099), as well as help you with other payroll tax or reporting issues.

Representation Before Taxing Authorities

We can help you prepare for any IRS examination, as well as appeals, and help you navigate these complicated processes. Maddox Thomson can also represent you before state and local taxing authorities, helping you through any state and local examinations, such as state income tax, state franchise taxes, sales tax audits, and others.