Tax Preparation & Planning
Accurate tax preparation and proactive tax planning go hand in hand. McGraw & McGraw CPA handles both — for individuals and small businesses in Westminster, Colorado and beyond.
Tax Services for Individuals & Businesses
We prepare accurate returns and plan ahead for what's next, including:
Individual Tax Returns
Accurate federal and Colorado state tax preparation for individuals and families, with an eye toward deductions and credits you may be missing.
Small Business & Self-Employed Tax
Tax preparation and planning for sole proprietors, partnerships, and small corporations.
Year-Round Tax Planning
Proactive strategies — entity structure, retirement contributions, timing of income and expenses — to reduce your tax liability before the year closes.
Retirement Tax Planning
Guidance on required minimum distributions (RMDs), Roth conversions, and which accounts to draw from first — so retirement income is as tax-efficient as possible.
How We Work
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Initial Review
We review your prior returns and current situation to spot opportunities and risks.
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Strategy Session
We walk through practical strategies suited to your income, business structure, and goals.
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Implementation
We help put the plan into action well before filing deadlines — not after.
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Filing & Follow-Up
We prepare and file your return accurately, then stay in touch throughout the year as your situation changes.
Tax Preparation & Planning FAQs
Tax preparation is filing an accurate return for a year that has already happened. Tax planning happens throughout the year and looks ahead — structuring income, expenses, and decisions so your tax outcome is better before the year closes. We treat both as equally important.
Ideally well before year-end. Many of the most effective tax strategies — retirement contributions, entity structure changes, timing of income or expenses — require action before December 31.
Yes. McGraw & McGraw CPA prepares individual, small business, and self-employed tax returns, and can coordinate planning across both when your personal and business finances are connected.
Yes — including required minimum distributions (RMDs), Roth conversions, and deciding which accounts to draw from first to help keep your tax bill as low as possible in retirement.