Frequently Asked Questions

How do I get started with Taylor Tax Services?

Getting started is easy! Schedule a free consultation, and we’ll discuss your tax situation, goals, and how we can help. We offer: ✔ Year-round tax advisory & planning ✔ Personalized tax solutions ✔ Proactive support for individuals and businesses Book a Consultation
Do you work with clients outside of Colorado?

Yes! We work with clients nationwide, providing virtual tax advisory services, tax filing, and business tax advisory and consulting across all 50 states.
What services does Taylor Tax Services offer?

We specialize in tax advisory & planning for individuals and businesses. Our services include: ✔ Tax preparation & filing ✔ Quarterly tax advisory & planning ✔ Business tax consulting & entity structuring ✔ Bookkeeping & accounting support
What makes Taylor Tax Services different from other tax firms?

We don’t just file taxes — we create proactive tax advisory plans to help you reduce your tax burden year-round. We provide ongoing support, quarterly check-ins, and personalized guidance tailored to your financial goals.
Do you only help with tax season, or can I work with you year-round?

We work with clients year-round to help them plan ahead, minimize liabilities, and maximize deductions through quarterly tax reviews. Taxes shouldn’t be a once-a-year stressor — we keep you ahead of the game!
What is the difference between tax preparation and tax advisory & planning?

Tax preparation is the process of filing your tax return based on what happened the previous year. Tax advisory & planning is a proactive approach that helps you make strategic financial decisions throughout the year to reduce your tax burden and increase savings.
How does quarterly tax advisory & planning help me save money?

Instead of waiting until tax season, quarterly tax advisory & planning allows you to: ✔ Adjust estimated tax payments to avoid surprises ✔ Identify and apply new deductions throughout the year ✔ Ensure compliance while lowering tax liabilities ✔ Make strategic financial moves before year-end Our quarterly sessions keep you ahead of the game!
What documents do I need to file my taxes?

For individuals: ✔ W-2 or 1099 forms ✔ Investment & retirement account statements ✔ Mortgage interest & property tax statements ✔ Education expenses (Form 1098-T) For businesses: ✔ Profit & loss statements ✔ Payroll & contractor payments ✔ Business expenses & receipts We’ll provide a customized checklist based on your tax needs!
What if I missed the tax deadline—can I still file?

Yes! If you missed the deadline, file ASAP to avoid additional penalties. We can help you: ✔ File past-due tax returns ✔ Request a penalty reduction ✔ Set up a payment plan if you owe taxes
When is the tax deadline for individuals and businesses?

✔ Personal Tax Filing Deadline: April 15 (or next business day) ✔ Business Tax Filing Deadlines: S-Corps & Partnerships: March 15 Sole Proprietors & C-Corps: April 15 ✔ Quarterly Estimated Tax Deadlines: April 15, June 15, September 15, January 15 Need help meeting deadlines? We’ll keep you on track!
How can I avoid tax penalties and late fees?

✔ File your taxes on time (or request an extension) ✔ Pay estimated quarterly taxes if required ✔ Keep detailed records of expenses and deductions ✔ Work with a tax professional to stay compliant with tax regulations
What should I do if I receive a tax notice or need to amend a return?

If you receive a tax notice, don’t ignore it! We can help review the notice, explain the issue, and provide solutions to ensure compliance. If you need to amend a return, we’ll guide you through the process and correct any errors.
How can I determine the right tax advisor for me?

Choosing the right tax advisor goes beyond expertise—it’s about responsiveness, trust, and clear communication. Ask yourself: Does my advisor return my calls promptly? Do I feel comfortable asking questions? Do I feel heard and understood? The right tax advisor should provide not only knowledgeable guidance but also a seamless and supportive experience, ensuring you feel confident in your financial decisions.
When should I contact a tax advisor?

If you consistently face high tax liabilities year after year, it’s essential to consult a tax advisor. At Taylor Tax Services, we specialize in analyzing your financial situation to identify opportunities for tax savings, wealth growth, and long-term financial security—all while ensuring full compliance with tax regulations. Engaging with a tax advisor provides expert guidance to help you navigate complex tax matters with confidence, ultimately optimizing your financial outcomes and minimizing unnecessary tax burdens.
How do I know if my business is structured correctly for tax savings?

Choosing the right business entity (LLC, S-Corp, C-Corp, Sole Proprietor) can save you thousands in taxes. We analyze your finances and recommend the best structure to minimize your liabilities and maximize deductions.
Do I need to pay quarterly taxes for my business?

If you’re self-employed or own a business, you may need to pay estimated taxes quarterly to avoid IRS penalties. We help calculate your payments and implement strategies to reduce them legally.
What tax deductions can small business owners claim?

Common deductions include: ✔ Home office expenses ✔ Business travel & meals ✔ Employee wages & benefits ✔ Vehicle mileage & business-related auto expenses ✔ Marketing & advertising costs ✔ Retirement plan contributions Not sure what you qualify for? We help identify every deduction you’re eligible for!
How can I legally reduce my tax bill as a business owner?

✔ Maximizing deductions and tax credits ✔ Choosing the right business entity (LLC, S-Corp, etc.) ✔ Leveraging retirement accounts for tax savings ✔ Proactive tax advisory & planning through year-round reviews We build a custom tax advisory plan tailored to your business needs.