Tax Services

 We know how stressful tax time can be and want nothing more than to give you the confidence that your taxes are one less thing you have to worry about. Whether you own your own business, or simply just don't have enough hours in the day, we are your tax preparation headquarters. Our tax preparation services are designed to make your job and life easier, and provide you with more  time to focus on building your business or doing the things you enjoy the most. We keep abreast of tax law changes throughout  the year to ensure that you are taking advantage of ALL tax incentives. 

Tax services —

• Individual and Self-Employed Tax Preparation
• All Business Tax Preparation - LLC, Corporations, Partnerships, etc.
• Estate and Trust Tax Preparation
• Foreign Financial Reporting
• Strategic Tax Consulting
• Payroll Tax Calculations and Reporting 

 We all want to know what we can do in order to save money on taxes. Please see below some of the strategies we employ in order to help you keep your hard earned money! 

• Cost benefit analysis of incorporating
• How S-Corporations can save you $10,000 or more per year in taxes
• How to use LLC's as estate planning tools
• How to use  Family LTD Partnerships to shift income to lower tax brackets
• How to take advantage of the multitude of tax credits available
• How to avoid the 3.8% medicare surtax

 We offer the following services to help do-it-yourself business owners manage their day-to-day operations using accounting software packages like QuickBooks and Sage 50. Over the years, many Modesto businesses have contacted us to help them get started with QuickBooks or Sage 50, empowering them to manage their bookkeeping and control their cash flow, while enabling them to work with a Modesto CPA firm in an advisory capacity. 

 Accounting software programs like QuickBooks and Sage 50 are ideally suited for small business owners. These programs simplify the bookkeeping process for you. However, no accounting package can be operated properly without sufficient understanding of its features and functionality. It is a must to complete the set up and installation properly. That’s why we work with many of our clients to train and assist them, and provide immediate answers for trouble shooting. We offer a FREE initial consultation for business owners. Call our office today regarding our accounting and tax services. 

 We know the payroll tax laws, and know what needs to be done to make sure you are compliant. We offer the following services: 

• Payroll Check Processing
• Payroll Tax Calculations
• Payroll Tax Deposit Processing/ Submittal 
• Quarterly and Annual Payroll Reporting
• Certified Payroll Reports

 Our CPA Firm provides services helpful to those of you who are just starting your business or transitioning from one business type to another. These services empower you with the knowledge of the pros and cons of different business types and the tax implications of each kind of entity.  

Incorporation and New Business Advisor Services

To simplify the business formation and incorporation process for new and developing businesses throughout the Modesto area, our CPA firm provides the following services: 

• Incorporation and business formation
• Business plan development
• Bookkeeping and payroll
• Cash flow projections
• New business consulting

 Our goal is to simplify the start-up and development phases so you can focus more of your attention on growing your business. We provide a FREE consultation to select the right structure for YOUR company. Significant tax savings can be achieved based on the nature of your business and the structure of your company. Our goal is to help you select the right structure and then realize the tax savings each year going forward. Our clients typically save taxes each year by using this two-step strategy:

•  Choosing and maintaining the right type of structure (s-corporation, c-corporation, partnership , California LLC) for your business. Then, taking advantage of our ongoing tax planning services to secure the best possible tax position for the available benefits. 
•  Many existing business owners throughout the Modesto area come to us with previously formed corporations or Limited Liability Companies (LLC), but are not taking advantage of the “built in” tax benefits. Effective tax planning and coordination, often puts money into your pocket.
   

We Specialize in Reviewed Financial Statements for Bonding Companies!

 To meet the specific needs of contractors, home builders and related trades within the construction industry, contractors turn to us when they need a firm that concentrates on the construction industry. Because we truly understand construction accounting and financial management, contractors of all sizes and trades rely upon our experience. At David K. McCoy CPA, we work with everyone from small contractors to large commercial and specialty trade contractors in  California.  As a result, we tailor our accounting, tax and consulting services to fit your specific needs. 

• All tax services — business, individual, and multi-state
• Surety bond services
• Job costing and set-up
• Equipment costing analysis
• Debt restructuring
• Overhead rate analysis
• Cash flow analysis
• Job “post mortems”
• Succession planning
• Accounting software support- QuickBooks

We have worked with firms in the following practice areas:

• Residential and commercial construction
• Plumbing, heating and air-conditioning contractors
• Electricians
• Masonry and stonework
• Plastering, painting and drywall contractors
• Carpenters, cabinet makers, and framers
• Roofing and siding
• Wrecking, demolition, and excavation contractors
• Concrete work
• Communications providers
  

We offer a FREE initial consultation for business owners. Call our office today regarding our accounting and tax services.