Your one-stop source for all your business, tax, and bookkeeping needs!

Derek Collotta EA, LLC is a one-stop source for all your business, tax, and bookkeeping needs. Our staff of accounting professionals is here to help make the tax return and bookkeeping portion of you and your business as easy as possible. We tailor our services to fit your needs and do not run away when the IRS or State Agency come a calling. At Derek Collotta, EA LLC we know businesses faces an ever-changing and increasingly complex tax environment. It makes us as crazy as you sometimes. That’s why we work with you throughout the year, not just at tax time, to help you structure and implement tax strategies that legally minimize your tax burden. Derek Collotta, EA LLC will take you step by step and implement these structures and strategies in an easy, painless method. Our Staff has developed a professional network of attorneys, financial planners, and payroll services to assist you with your needs.
  • Intermingling funds

    One of the most dangerous and most common financial mistakes a business owner can make is to intermingle funds, such as paying personal expenses from the business checking account, or paying business expenses from the owner’s personal account. This can be done with the best of intentions with the bu

  • File your own extension to be safe!!!

    There have been many court cases etc where a CPA or Tax Preparer has not filed and extension for a client even when they were informed that one was filed.  The courts have held, you cannot delegate that responsibility.  I do the best I can but I am human and on occasion I miss one.  To be safe I wou

  • Recent Tax Court Case – Auto Expenses

    Section 6001 requires the taxpayer to maintain records sufficient to establish the amount of each deduction claimed. See also sec. 1.6001-1(a),Income Tax Regs. Under the Cohan rule, if the taxpayer establishes that an expense is deductible but is unable to substantiate the precise amount, the court

  • IRS now requiring IDs to E-File Returns.

    FYI the IRS now requires me to verify your I.D. if you want your tax return e filed.  I will need:    

  • Some filing due dates have changed, starting with 2016 returns filed in 2017.

    Employers are required to file W-2s with the federal government by Jan. 31, up from the prior deadlines of Feb. 28 for paper returns and March 31 for e-filings. This earlier deadline matches the date for sending copies of the forms to employees. The Jan. 31 due date also applies to 1099s reporting n

Tax Services We offer.

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Testimonial 1

The ethics of a tax advisor is the most important criteria for which I base my client referrals. In over 5 years, I have never been disappointed and my clients have never had a complaint. Derek is efficient, honest, fair, and loyal and goes miles beyond the call of duty to get the facts and get the job done right !
 

Testimonial 2

The ethics of a tax advisor is the most important criteria for which I base my client referrals. In over 5 years, I have never been disappointed and my clients have never had a complaint. Derek is efficient, honest, fair, and loyal and goes miles beyond the call of duty to get the facts and get the job done right !
 

Testimonial 3

The ethics of a tax advisor is the most important criteria for which I base my client referrals. In over 5 years, I have never been disappointed and my clients have never had a complaint. Derek is efficient, honest, fair, and loyal and goes miles beyond the call of duty to get the facts and get the job done right !