44 Bearfoot Road, Suite 200, Northborough, MA  01532

Tax & Advisory Services

 

At Zakarian & Associates, Inc., we provide practical tax preparation, planning, advisory, bookkeeping, and representation services for individuals, families, retirees, small businesses, estates, trusts, and nonprofit organizations.

Our goal is simple: to help you understand where you stand, meet your filing obligations, respond properly to tax issues, and plan ahead with confidence.

 

Individual Tax Preparation

We prepare federal and state individual income tax returns for a wide range of clients, including wage earners, retirees, investors, self-employed individuals, landlords, and families with more complex tax situations.

Our individual tax preparation services may include:

• Federal and Massachusetts income tax returns

• Multi-state and nonresident returns

• Retirement income reporting

• Social Security taxability review

• Investment income and capital gains reporting

• Rental property reporting

• Self-employment income

• Education credits and dependent-related tax matters

• Prior-year and amended returns

We focus on accuracy, clear communication, and helping clients understand the results of their return before filing.

 

Business & Entity Tax Preparation

Small businesses and organizations have filing requirements that go beyond the individual return. We assist with tax preparation for business entities, fiduciary filings, and certain nonprofit returns.

Business and entity services may include:

• Sole proprietor and Schedule C tax reporting

• Partnership returns

• S corporation returns

• C corporation returns

• Fiduciary income tax returns for estates and trusts

• Nonprofit informational returns

• Short-year and final returns

• Tax-ready financial statement review

Whether your business is well established, newly formed, or preparing to close, we help organize the tax filing process and identify issues that should be addressed before the return is completed.

 

Tax Advisory & Planning

Tax planning should not happen only at filing time. Our advisory services are designed for clients who want a more proactive relationship and better visibility throughout the year.

Tax advisory and planning services may include:

• Midyear and year-end tax projections

• Withholding and estimated tax payment reviews

• Retirement income planning

• Roth conversion analysis

• Charitable giving and QCD planning

• Business owner tax planning

• Entity structure review

• Rental property and investment tax planning

• IRS transcript and account monitoring

• Planning for major life or financial events

Advisory services are especially helpful for business owners, retirees, high-income households, clients with recurring balances due, and anyone who wants to reduce surprises at tax time.

 

IRS & State Notice Representation

Receiving a tax notice can be stressful, but it should not be ignored. We assist clients with IRS and State Departments of Revenue notices, account issues, and representation matters.

Representation services may include:

• IRS and State DOR notice review

• Response preparation

• Penalty abatement requests

• Payment plan assistance

• Transcript review

• Account balance research

• Audit and examination support

• Prior-year filing compliance

• Communication with taxing authorities when authorized

If you receive a notice, please contact us before responding or making payment so we can help determine what the notice is asking for and whether the proposed amount is correct.

 

Bookkeeping & Xero Support

Clean books make tax preparation easier and tax planning more effective. We assist small businesses with bookkeeping setup, cleanup, monthly support, and tax-ready financial records.

Bookkeeping services may include:

• Xero setup and support

• Chart of accounts review

• Bank feed review

• Transaction categorization

• Bank and credit card reconciliations

• Monthly or quarterly bookkeeping support

• Financial reports

• Cleanup projects

• Year-end tax preparation support

Our bookkeeping work is designed to support better tax planning, clearer business decisions, and a smoother year-end filing process.

 

Tax Education & Workshops

Education is an important part of our practice. Gregory Zakarian, EA, regularly provides tax education for individuals, seniors, small business owners, and tax professionals.

Educational services may include:

• Community tax talks

• Senior-focused tax workshops

• Small business tax education

• Tax preparation training

• Enrolled Agent exam preparation

• Custom presentations for community groups and organizations

If your organization is interested in a tax presentation or workshop, please contact our office to discuss available topics.

 

Secure Document Handling

For your protection, tax documents should not be sent by regular email. Clients are encouraged to use our secure client portal for document exchange whenever possible. The secure portal allows clients to upload tax documents, receive completed copies, and exchange sensitive information safely.

 

Not Sure Which Service You Need?

That is perfectly fine. Many clients are not sure whether they need tax preparation, planning, representation, bookkeeping, or a combination of services.

If you are unsure where to start, schedule an appointment or contact our office. We will help determine the best next step based on your situation.