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.
  • Increase of Penalties for 1099s and W-2s – $ 250.00

    On June 29, 2015 Congress passed a bill signed into law by the President doubling all information reporting penalties. This increases the penalties on not filing 1099s and W-2s or filing incorrect ones. The Legislation increases the penalties under sections 6721 and 6722 from $100 to $250 per return

  • 10 Fun Tax Deductions – Not Allowed

    Expensive Clothing We all like to look nice, especially for business purposes. But you’re expected to arrive to work fully clothed (looking nice is a bonus). Baby Grand Piano A client, who was a humanities professor, thought he could deduct a piano. Unless the professor was providing lessons as part

  • 10 Worst Mistakes People Make After Retirement

    1) Not Changing Lifestyle After Retirement 2) Failing to Move to More Conservative Investments 3) Applying for Social Security Too Early 4) Spending Too Much Money Too Soon 5) Failure To Be Aware Of Frauds and Scams 6) Cashing Out Pension Too Soon 7) Not Being Effective Tax-Wise During Retirement 8)

  • Receipts and Safeguarding Records – IRS

    I have had to recent audits with the IRS (not my clients) and in both cases all the person had was credit card statements for their expenses.  In both cases the IRS disregarded all of the expenses for the Taxpayer saying "without original receipts no deduction is allowed."  In one of the cases the p

  • Increased Tax Rate for Clark County

    Effective January 1, 2016, the Sales and Use tax rate for Clark County will increase from 8.10% to 8.15%.

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 !
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