Did You Know?

There is a payroll tax exemption available to employers who hire unemployed invididuals. See our "news" tab on the new HIRE Act of 2010 or call our office for more information.

Services

Income Tax Preparation

Income tax preparation is the largest share of our work at Tweeten & Young. We enjoy helping our clients in this "inevitable chore"! Our goal is to develop a strong personal relationship with each of our clients, not only at tax time but throughout the year. In order to provide accurate and quality income tax returns, we must know and understand our client's finances and situation. Tax planning is a useful tool to take full advantage of the income tax brackets and available tax credits. To benefit from these strategies means that you must take action prior to the year-end to lower your overall taxes. We have available the technology for efficiently preparing and filing timely returns. We receive continuous updates on tax law changes, revisions, and IRS interpretations of laws that may affect our clients. Our staff has many years of income tax preparation experience in many unique situations. The Tweeten & Young office is open all year to provide our clients with any necessary assistance needed outside of tax season.

  • Individual
    • Form 1040
  • Business
    • Corporations - FORM 1120
    • S Corporations - FORM 1120S
    • Partnerships - FORM 1065
  • Other
    • Non-Profit Organizations - FORM 990
    • Estates & Trusts - FORM 1041

Recordkeeping

Tweeten & Young offers a wide variety of computer software knowledge to assist each of you at the level of recordkeeping service you desire. Whether you need assistance with just a few recordkeeping questions or need a complete accounting program, our team can handle your situation. Our office can be your "office" or entire accounting department We will write your checks and prepare your invoices and this will allow you to spend more of your time with what you would rather do, including making management decisions. Or we can review the recordkeeping you have done and assist you with classification questions. Whatever level of recordkeeping service you need, our office is able to provide it for you. We work with many types of accounting software, including QuickBooks.

  • QuickBooks

    QuickBooks has become the largest computer software program used in our area for small to medium-sized businesses. We work with many clients using this program and often recommend it to new businesses when they contemplate which type of accounting system to use. Tweeten &Young assists individuals and business entities in setting up their QuickBooks software. The staff at Tweeten & Young is very knowledgeable with the QuickBooks computer program. We will be glad to assist you at whatever level of QuickBooks knowledge you are at in your business or personal accounting. We will help you utilize the many features QuickBooks offers, including wage calculations and payroll tax reporting.

Payroll and Payroll Tax Assistance

Payroll and payroll taxes can be complicated for any small business. Tweeten & Young provides a wide range of payroll and payroll tax assistance. Our full service payroll assistance program includes calculation of the payroll checks for your employees. We will also calculate the 401(k), Simple IRA, pre-tax deductions, after-tax garnishment and other deductions your business may require. Our team will also timely and accurately prepare your monthly or quarterly payroll tax reports. These reports include: EFTPS deposits, 941 coupon deposits, 943 (farming businesses) deposits, Forms 941, Iowa Withholding reports, Iowa Sales Tax Returns, Iowa Workforce Development reports, and Federal Unemployment calculations. When year-end arrives, we will also assist you with the annual filing of: Forms W-2, Forms W-3, Forms 943, Forms 944, Forms 940, Forms 1099, and Forms 1096.

Financial Reporting

Financial statements are a valuable tool for any business. Tweeten & Young CPAs strives to develop a strong personal relationship with each of our clients to provide them with services that allow them to make the best management decisions available. Our team can provide monthly, quarterly or interim financial statements depending on your needs to best help you understand your financial situations.

Consulting

Tweeten & Young CPAs offers a wide variety of consulting services to assist our clients in many different areas. Tweeten & Young CPAs is open all year to provide you with any assistance needed throughout the year. Some of the areas we consult our clients with include:

  • Starting a new Business

    Choosing the best type of entity for your new business can be a difficult decision. Our office will consult with you on the differences among the many available options in order to help you to achieve your short-term and long-term goals. We can also assist you with questions regarding recordkeeping requirements, paying employees, how your personal income taxes may change and many other issues.

  • Financial Planning

    Are you contemplating retiring? Should you purchase rental property? Should you sell your farm? How can we keep the farm or other business in the family? Tweeten & Young can inform you what the various tax ramifications might be when making these very important decisions for each of your unique situations.

  • Planning for College

    Having a child attend college can be overwhelming, whether it is this year or if you have18 years to plan. There are many different college savings plans or 529 Plans to consider. Tweeten & Young can assist you with future college planning or help you to understand the different options available if this is the college year. We also can assist you in completing FAFSA (Free Application for Federal Student Aid) for your child attending college or a trade school.

  • Retirement Planning Services

    Thinking about retiring? Tweeten & Young can help you find answers to the many financial questions that may arise as you begin this new stage of your life. Whether it is calculating the RMD (Required Minimum Distribution) from your IRA or reviewing your Social Security benefits and how they may or may not be taxable, Tweeten & Young can assist you with your tax questions and retirement situations.