Molony & Associates Tax Preparation

Molony & Associates provides the highest quality tax preparation services to individuals and businesses in Charleston, SC. Our team utilizes the latest and most efficient technology, combined with expert technical knowledge, to provide tax solutions and preparation services to help our clients achieve their fiscal goals.

We operate in a do-it-yourself world. Software is widely available on the internet that allows users the ability to prepare and file their own tax returns. Users turn to this software because they believe by not hiring a tax professional they are saving money, or feel their tax return is simple and they would not benefit from the services of a professional. However, today’s tax laws are confusing, and the online software available to file your own return often overlooks deductions and credits that you are entitled to take.

More often than not, having a professional handle your taxes not only saves you time, but also saves you more money than the fees charged. According to a study put out by the U.S. Government's General Accounting Office, 77% of taxpayers believe they benefit from using a professional tax preparer.

Individuals and businesses continue to rely on the experienced, reliable and professional team at Molony & Associates for their tax and accounting needs, as they have since 1978. Contact us today for a consultation and to find out how we can help with tax preparation and tax return compliance while assisting with projections, planning and reduction of tax liabilities.

 

Molony & Associates Tax Preparation Services:

  • Preparation of Individual and Business Tax Returns
  • Preparation and Analysis of Financial Statements
  • Customized Financial Reporting
  • Assistance with Budgeting
  • Monthly Bank Reconciliation
  • General Ledger Bookkeeping and Analysis
  • Outsourced Electronic Bill Payment
  • Preparation of Amortization and Fixed Asset Depreciation Schedules
  • Preparation of Forms 1099, 1096 and Other Year-End Information Reports
  • Sales and Use Tax Return Preparation and Compliance
  • Representation on Sales Tax Notices and Audits
  • Develop and Implement Policies and Procedures

State and Local Tax Services

  • Income and Franchise Tax Returns
  • Sales and Use Tax Reverse Audits
  • Voluntary Disclosures
  • Nexus Reviews
  • Property Tax Consultation
  • Procedure Reviews

Federal Tax Services

  • Business Tax
  • Individual, Estate, Gift and Trust Tax
  • Tax Accounting Methods
  • Elections and Tax Positions
  • Examination Representation
  • Financial Statement Presentation of Income Tax Liabilities
  • Exempt Organization Tax

Payroll Services:

  • Preparation of Payroll, Direct Deposit, Quarterly Tax Reports and Tax Liability Deposits
  • Preparation of W-2s and Year-End Reporting
  • Reporting for Household Employee Wages
  • Payroll Tax Compliance
  • Representation on Payroll Tax Notices

Tax Credits and Incentives

  • Eligibility Reviews
  • Application Consultation
  • Amended Returns and Carryback Claims
  • Tax Authority Negotiations
  • Site Selection Incentives Advisory
  • Incentive Management Training
  • Research and Development

International Tax Services

  • Transfer Pricing Analysis and Studies
  • International Assignment Services
  • Due Diligence
  • Foreign Tax Credits and Earnings Repatriation
  • Asset Transfers
  • Permanent Establishment Rules
  • Choice of Entities
  • Income and Estate Tax Treaties