Loftus Associates

Accountant in Mt Laurel Township, NJ (show on map)

4.7

★★★★★

15 reviews

Loftus Associates provides quality financial services for over 40 years, specializing in tax preparation and representation with a full range of services for individuals and small businesses.

Call (856) 234-5700

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About

Loftus Associates, LLC has been providing quality financial services for more than 40 years, specializing in tax preparation and representation. The firm offers a full range of services including tax planning, bookkeeping, business consultation, and business formation.

It serves individuals of all occupations and income levels, as well as small business clients. Enrolled Agents at Loftus Associates can represent all forms of taxpayers in resolving tax issues and problems before the Internal Revenue Service (IRS). The website details a full range of services, contact information, and a company profile, emphasizing professional, dependable, and friendly service to help clients maximize refunds efficiently.

Enrolled Agents representing before IRS

Over 40 years of experience

Full range of tax and financial services

Services

Tax Preparation

Professional preparation of federal and state income tax returns to maximize refunds.

Federal and state tax return preparation Maximize refund Shortest processing time

Tax Representation

Representation before the IRS for tax issues and problems.

IRS representation Resolution of tax issues Enrolled Agent assistance

Tax Planning

Strategic planning to minimize tax liability throughout the year.

Year-round tax strategy Deduction and credit identification Financial goal alignment

Bookkeeping

Accurate record-keeping and financial tracking for businesses.

Financial record maintenance Reconciliation services Reporting for tax purposes

Business Consultation

Guidance on business operations, compliance, and financial health.

Operational advice Compliance support Financial health analysis

Business Formation

Assistance with establishing new business entities.

Entity selection Legal documentation State filing assistance

Credentials & Certifications

Enrolled Agent (EA)

Since 1970s (implied from 'over 40 years of experience')

Reviews

Rating

4.7

★★★★★

Reviews

"Everything went very smoothly and reasonably priced."

Frequently Asked Questions

How long will it take for you to prepare and file my tax return? +

Preparation time depends on the complexity of the return. Providing all relevant records at the outset minimizes delays. Generally, schedule your appointment several weeks before the IRS deadline to ensure timely filing.

Is e-filing my tax return safe? +

Yes, as long as you use reputable platforms and avoid public Wi-Fi without a VPN. Reputable electronic filing platforms encrypt tax returns so that only the IRS may access the information on them.

What should I do if I cannot pay the full amount of tax I owe by the deadline? +

Pay as much as possible immediately, determine a manageable monthly payment plan, and submit the installment proposal to the IRS. This approach minimizes penalties and interest.

How long will it take to get my IRS refund? +

For electronic filings, the IRS issues a refund within 21 days after accepting the return. Paper filings may take six weeks or more. Direct deposit speeds up receipt of funds.

Can a person qualify for more than one tax filing status? +

Yes, individuals may choose between filing statuses such as single, head of household, or married filing jointly/separately, depending on their circumstances and which results in the least tax.

Does an automatic 6-month IRS filing extension give me more time to pay my taxes? +

No, the extension only provides extra time to file. Payment of the tax owed is still due by the standard deadline; otherwise, penalties and interest may apply.

I have heard that if I do not owe any tax, I don't have to file a return. Is that true? +

Only if your total income is below the standard deduction for your circumstances. Otherwise, you may need to file to claim refunds or avoid penalties, even if you owe no tax.