Expert Tax
Preparation & Strategy
Your taxes deserve more than a quick form-fill. Get expert preparation, strategic planning, and year-round support from someone who genuinely cares about minimizing your tax burden.
At Yellow Umbrella Tax & Advisory, we don't just prepare your taxes, we build relationships. Whether you're filing a straightforward individual return or navigating complex business tax situations, we bring expertise, attention to detail, and a commitment to finding every deduction you deserve.
Individual Tax Preparation
Maximize your refund with accurate, strategic tax preparation.
Life gets complicated, and so do taxes. Whether you're a W-2 employee with simple filing needs or juggling multiple income sources, investment properties, and complex deductions, we make tax season stress-free.
What We Handle:
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W-2 and 1099 income from multiple sources
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Itemized deductions including mortgage interest, medical expenses, charitable contributions
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Investment income - stocks, bonds, dividends, capital gains
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Retirement account distributions and contributions
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Education credits for students and families
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Child tax credits and dependent care expenses
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State tax returns and multi-state situations
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Home office deductions for remote workers
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Rental property income and expenses
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Our Approach:
We don't just fill in boxes on forms. We ask questions, understand your complete financial picture, and identify opportunities you might have missed. Every deduction, every credit, every strategy to minimize what you owe or maximize your refund.
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Year-Round Tax Planning:
Tax preparation isn't just what happened last year, we're planning for this year too. We help you adjust withholdings, plan major purchases or life changes, and position yourself for the best possible outcome next filing season.
Contract, Freelance and Gig Worker Tax Preparation
Self-employed? We speak your language.
Freelancing, consulting, side hustles, gig work, the freedom is great, but the taxes can be overwhelming. Between quarterly estimates, self-employment tax, and tracking deductible expenses, it's easy to feel lost.
We Specialize In:
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Schedule C preparation for sole proprietors
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Quarterly estimated tax calculations and payment planning
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Self-employment tax strategy and minimization
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Business expense tracking and optimization
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Home office deductions calculated correctly
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Vehicle expense deductions (standard mileage vs. actual expenses)
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Equipment and technology purchases
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Professional development and education expenses
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Health insurance deductions for self-employed individuals
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Common Freelancer Challenges We Solve:
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"I don't know what's deductible" - We'll help you identify every legitimate business expense
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"I'm scared of quarterly estimates" - We calculate them and help you stay current
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"My income varies wildly" - We build flexible payment strategies
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"Can I write that off?" - We give you clear guidance on gray areas
Small Business Tax Preparation
Strategic tax preparation that supports your business growth.
Your business deserves more than cookie-cutter tax prep. We bring real business experience from operations, marketing, finance, to help you not just file taxes, but make smarter business decisions all year long.
Entity Types We Serve:
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Single-Member LLCs (Schedule C or disregarded entity)
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Multi-Member LLCs and Partnerships (Form 1065)
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S-Corporations (Form 1120-S)
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C-Corporations (Form 1120)
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Non-profits (Form 990)
Comprehensive Business Tax Services:
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Federal and state business tax return preparation
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Payroll tax compliance and reporting
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Sales tax guidance
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Multi-state tax issues for businesses operating across state lines
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Depreciation and asset tracking (Section 179, bonus depreciation)
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Business expense optimization and documentation
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Cost segregation analysis for real estate investors
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Research & development credits for eligible businesses
Strategic Tax Planning:
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Entity structure optimization (should you be an S-Corp?)
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Timing strategies for income and expenses
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Equipment purchase planning for maximum deductions
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Retirement plan contributions for tax savings
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Estimated quarterly taxes so you're never caught off guard
Year-Round Partnership:
Business tax preparation works best when we understand your complete financial picture. That's why many of our business clients also use our bookkeeping and advisory services. We deliver clean books throughout the year and that results in easier tax prep and better strategic insights.