HORNER WILLIAMS, LLC Consultants to Owners & Employers

Tax Planning


CPA prepared tax returns.

Small business owner returns start at $500.
1040 - US Individual Income Tax
Schedule C - Net Profit from a Business
Schedule SE - Self Employment Tax
State Tax Forms
and perhaps 1099s for your business
additional tax schedules as needed
(children, investments, property sales, etc.)

Corporate returns start at $750.

1120 - US Corporation Income Tax
Form 1065 - Partner's Share of Income
Form 990 - Not for Profit
additional tax schedules as needed
W2, 1099, etc.
(employees, stock transactions, sale of equipment, etc.)

Firm prices quoted upon review of your records.

Track your IRS refund here

Tax planning and tax preparation services:
  • Prepare income tax returns - corporation, partnership, estate and trust entities
  • Comprehensive tax planning to reduce taxes
  • SALT (state and local taxes)
  • E-File
Tax law can be complex and changing regularly. There's much to know to be sure you're doing all you can to get what you deserve. Here are some personal and business tax tips to get you started. We update this information regularly, so check back soon for new tips. Talk with our CPA for the latest information or visit IRS.gov to learn more.

Personal Tax Tips

  • Charitable Donations

    As a donor, you may not deduct labor or time, but you may deduct expenses such as mileage, uniforms, and even the cost of taking underprivileged youth to sports events or movies.

  • Medical Expenses

    It's difficult to reach the percentage of adjusted gross income you need to spend on medical expenses to be eligible. But if you qualify, you shouldn't overlook all possible expenses. Sometimes, it's even best for married couples to consider filing separately if one partner has high medical bills.

  • Moving Expenses

    If you moved more than 50 miles for work and stayed employed, you might be able to deduct reasonable moving expenses. No itemization is necessary.

  • Domestic Production Deduction

    This generous benefit for having a qualified business in the U.S. can be claimed by sole proprietors, partnerships, and corporations. It can even apply to farmers.

  • Mortgage Interest Points

    Points paid on a home mortgage are usually deductible as interest. If the mortgage is for the purchase or improvement of your principal residence, you can either deduct the full amount of the points in the year of payment or, if you're not itemizing your deductions that year, pay back the points over the loan term.

  • Retirement Plan

    One of the most powerful tax shelters available is a qualified retirement plan. Within certain limits, contributions to fund the plan are immediately tax deductible, plan investment earnings are tax deferred, and plan participants do not have to pay income taxes on benefits until they receive their distributions.

Business Tax Tips

  • Business Automobiles

    You can claim deductions for the business-related use of an auto using either the standard mileage rate method or the actual expense method. You should use the method that will yield the largest deduction.

  • Hiring Your Children

    If you have your own business, consider hiring your child to work after school or on vacations. The wages you pay your child for bona fide work are tax deductible.

  • Home office expenses

    To qualify for a deduction related to an office in the home, you must have an area of your home used exclusively as your principal place of business. This includes a place of business where you meet or deal with patients, clients, or customers.

  • Profit-sharing plans

    Unlike other plans, a profit-sharing plan is flexible. It can be designed so that the employer is not required to make an annual contribution.

This list is far from exhaustive and may have changed by the time you read this, but there are literally thousands of deductions and most likely specific programs in your city or state to help you save even more. It's always tax time, plan ahead!