Tax Smart Advisors LLC is your local tax & accounting firm serving small businesses and individuals.

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Contact the tax and accounting experts at Tax Smart Advisors LLC today!

With over 25 years of experience in small business and personal accounting and tax preparation, Tax Smart Advisors, LLC is a highly experienced team of financial professionals dedicated to helping our clients make more and keep more.

How do we help our clients make more?
We work with our clients to ensure they fully understand their finances so they can make better business decisions. With informed planning and our guidance, our clients can make decisions that maximize their earning potential.

How do we help our clients keep more?
We help our clients identify actions that help them to best take advantage of their financial situation, as well as the specifics of federal, state and local tax codes. This requires our team to keep abreast of the ever-changing tax code. With our expertise, our clients won’t pay more than they legally owe.

Accounting, Bookkeeping, Tax and Consulting Services

Tax Smart Advisors LLC provides accounting and consulting services to a variety of industries. Those services include tax prep & planning, bookkeeping, payroll services, financial statements preparation & analysis, financial advisory support, business consulting, business valuation and accounting software consulting.

Tax Smart Advisors LLC, Tax & Accounting Firm Serving the Lehigh Valley | Photo: People sitting across from each other at a desk with financial documents

Tax Prep & Planning

Our tax experts will help you minimize your tax liability while meeting your full tax obligations.

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Tax Smart Advisors LLC, Tax & Accounting Firm Serving the Lehigh Valley | Photo: Person sitting at desk using calculator

Bookkeeping

Better business management starts with accurate bookkeeping.

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Tax Smart Advisors LLC, Tax & Accounting Firm Serving the Lehigh Valley | Photo: Two people standing at a desk pointing to post-it note

Business Consulting

Any business can benefit from the counsel of experienced, knowledgeable accountants.

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Financial Statements

Basing your company’s decisions on guesswork and gut instinct can be a recipe for failure in today’s environment.

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Business Valuation

Having an accurate valuation is essential to successful business planning.

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Payroll Services

Reliable payroll services are essential to good employee relationships and sound business management.

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Tax Smart Advisors, LLC

1 week ago

In terms of your taxes, saving the right records and keeping them organized can save you time, stress, and money in the long run. Knowing which documents to hold onto could be pivotal for future audits, claiming deductions, or ensuring compliance. Here’s a breakdown of which tax records are essential to keep and for how long they should be kept so you're always prepared:◾ The basic retention period for federal tax returns is generally three years from the tax return filing due date or the actual filing date (whichever is later).◾ State guidelines can be different. It’s important to know your state and local audit timelines. ◾ Keep some things forever. Certain items should be kept indefinitely, including, but not limited to, 1040 tax returns, property records, business records, retirement and investment records. ◾ Keep valuable item receipts, this includes jewelry and other collectibles. If the item is sold, you’ll need to substantiate any gains or losses. ◾ Ensure you have accurate investment statements. Stock and investment companies are required to report the cost of your investment to the IRS. Make sure that any information provided regarding your investment statement is accurate. ◾ Documents for digital assets. If you buy or sell something using cryptocurrency, retain all documents that confirm the purchase date, sales date, and cost.◾ Guidelines for federal recordkeeping may be longer if there are errors on your tax return. Errors on your tax return for more than 25% of the tax obligation require retention of 6 years. The record holding period becomes indefinite if fraud is determined on your tax return. Have questions? Let us help! ... See MoreSee Less

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Tax Smart Advisors, LLC

2 weeks ago

While it might seem like a quick solution during tough times, withdrawing from your 401(k) or IRA can have long-term consequences. Here are a few reasons why it’s a good idea to leave your retirement funds alone:❇️ You’re diminishing your retirement assets. Withdrawing early decreases your retirement savings and forfeits growth. ❇️ The timing is bad. Current market conditions might be unfavorable to early withdrawals. ❇️ You still owe income tax. ❇️ You may owe a penalty. Don’t let short-term needs compromise your long-term goals! ... See MoreSee Less

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The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant. Presentation of the information via the Internet is not intended to create, and receipt does not constitute, an accountant-client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant. Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

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