Tax Smart Advisors LLC is a local tax & accounting firm serving small businesses and individuals throughout the Lehigh Valley.

Have questions or need assistance?

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 that are 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 throughout the Lehigh Valley. 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.

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.

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.

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

Financial Statements

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

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

Business Valuation

Having an accurate valuation is essential to successful business planning.

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

Payroll Services

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

It’s no secret that medical expenses are on the rise. In fact, according to the Milliman Medical Index, the average family of four on an employer-sponsored plan will spend approximately $4,699 more on healthcare in 2022 (compared to 2020). Here are some ways to save tax dollars while paying your medical bills:1. Contribute to a Health Savings Account (HSA). If your health plan has a high deductible, you can open an HSA to pay for your medical bills and make contributions to this account to reduce your taxable income.2. Contribute to a Flexible Savings Account (FSA). An FSA must be set up by your employer but you can make pre-tax payroll contributions to the account to cover qualified medical expenses.3. Deduct your self-employed health insurance premiums on your tax return to reduce your taxable income. Your self-employed business must show a profit for the tax year.4. Deduct your medical expenses as an itemized deduction on your tax return. If your medical expenses exceed 7.5% of your adjusted gross income for 2022, you can include them as an itemized deduction.Need assistance? Call us. ... See MoreSee Less
View on Facebook
Do you know the difference between your Marginal Tax Rate and Effective Tax Rate? The Marginal Tax Rate is the rate applied to the next dollar you earn (based on the progressive income tax rates) and the Effective Tax Rate is the tax rate that you actually pay on your earnings.Why should you know the difference?1. When calculating your returns on a taxable investment, the true return will be determined by your Marginal Tax Rate.2. Income based phaseouts of tax credits could impact your Effective Tax Rate. Increased income can make a taxpayer ineligible for certain tax credits which would then increase their Effective Tax Rate but not affect their Marginal Tax Rate.3. Adding a second job can increase your income and cost you money. How? Increasing your income could also increase your Effective Tax Rate. For example, a retired worker that is receiving Social Security gets a second job. That added income could make their Social Security benefits taxable, which now means those benefits are added to their taxable income and could advance them to a higher Effective Tax Rate.If you anticipate an increase in your earnings over last year's tax return, consider forecasting what the impact could be on your Effective Tax Rate.Have questions? Let us know. ... See MoreSee Less
View on Facebook

Signup for Our Newsletter

Get weekly updates, tips and news to help you save money and stay on top of your finances.

DISCLAIMER

No Rendering of Advice
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.

Accuracy of Information
While we use reasonable efforts to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this website is accurate, complete, reliable, current or error-free. We assume no liability or responsibility for any errors or omissions in the content of this website.

Disclaimer of Warranties and Limitations of Liability.
This website is provided on an “as is” and “as available” basis. Use of this website is at your own risk. We and our suppliers disclaim all warranties. Neither we nor our suppliers shall be liable for any damages of any kind with the use of this website.

Links to Third Party Websites
For your convenience, this website may contain hyperlinks to websites and servers maintained by third parties. We do not control, evaluate, endorse or guarantee content found in those sites. We do not assume any responsibility or liability for the actions, products, services and content of these sites or the parties that operate them. Your use of such sites is entirely at your own risk.