Myrtle Beach Accounting Services

For those filing individual taxes, individual tax accounting will focus on the income, any qualifying deductions, investment gains or losses, and other transactions. It is not legally required for individuals to use a tax accountant, but it is helpful to keep things organized and stay ahead of any changes and updates to state and federal tax laws.

General tax accounting is, of course, governed by the Internal Revenue Code, which mandates the specific rules that tax-paying individuals are required to follow during tax return preparations. Our individual tax accounting professionals at Godbold & Romanov CPAs can easily track all funds coming in and going out of your possession, including personal expenses that don’t necessarily have any tax implications.

A common set of principles must be followed, when it comes to accounting principles, standards, and procedures in the United States. Let us help you stick to the rules in balance sheets, forms, financial statements, and tracked expenses to properly prepare your individual taxes so you can maximize your return.