Bates Tax and Accounting, Inc. helping individuals and small businesses achieve more.

New Tax Forms are on the way – are you ready?

Starting in 2012, that changes. All business payments or purchases that exceed $600 in a calendar year will need to be accompanied by a 1099 filing. That means obtaining the taxpayer ID number of the individual or corporation you’re making the payment to — even if it’s a giant retailer like Staples or Best Buy [...]

How To Use Financial Statements

Becoming comfortable with financial statements and learning how to use them to successfully analyze and navigate your company is essential to your success.
Bates Tax and Accounting is offering a beginners coourse on understanding financial statements. We hope that this course will help you analyze financial statements and serve as a valuable reference guide over time.
Please send [...]

Family Limited Partnerships

Over the past five years, the Family Limited Partnership (FLP) has risen from obscurity, as a little known tax loophole, into the preeminent vehicle for asset protection and estate planning. A recent article in Forbes extolling the benefits of the FLP—headlined “Cut Your Estate Taxes in Half”—claimed that individuals were successfully using this technique to [...]

2009 Tax Organizer

2009 TAX DEDUCTION FINDER & PROBLEM SOLVER

Our Tax Organizer is designed to help you maximize your deductions and minimize your problems in preparing and filing your tax returnThe organizer is revised annually to be compatible with the ever-changing tax laws.  The organizer currently posted below is primarily for the 2009 tax year, although it can [...]