Empowering you to make sound financial decisions
constantly striving to bring you new ways to manage your taxes.
At Hakim & Zafar, CPA Advisory Services, the careful management of your finances is our top priority. We pride ourselves on giving you personalized and thorough service that meets your business or individual needs.
1120 clients have very different accounting requirements than individuals. While tax planning is important, business owners need current information to manage their businesses. Our role is imperative and informative. Hakim & Zafar, CPA Advisory Services concentrates on increasing our 1120 customer’s success. We provide services to help you plan your first day, accurately track revenue and receivables, identify key performance indicators, and minimize your tax liability.
Welcome to Hakim & Zafar, CPA Advisory Services
Business tax planning and preparation – In many cases, simple clerical errors can lose valuable tax deductions. We work with our clients to establish tax strategies and accounting methods early in our relationship to ensure a reduction of your taxes.
Employee benefits audits – For companies with 100 or more participants in their benefit plans, we ensure our clients are compliant with federal mandates through yearly employee benefits audits.
News
Understanding Depreciation Recapture
This accounting and tax method refers to a treatment used by the Internal Revenue Service (IRS) to obtain tax remittances on sales of depreciated property. Understanding how it works is essential for filers to make the most of it…
Supreme Court Will Decide What Homeowners Are Owed When Tax Sale Erases Equity
A county in Michigan was owed about $2,200 in back taxes. To collect it, the government took a home worth close to $200,000, auctioned it for a fraction of that, and called the matter settled. The family is now putting a simple…