Welcome
Expert Accounting Services for Individuals and Businesses
Maximize your returns with personalized financial solutions.
About Clark Accounting Service
About Us
We are a well-established accounting firm locally owned and operated in Monument, Colorado. We provide tax preparation, accounting, bookkeeping, payroll, financial education and consulting services to individuals and businesses. Our services are tailored to the unique needs of each client, ensuring the best possible results and maximized returns. We give all our clients individualized attention! Our firm remains on the cutting edge of tax law and financial trends. We stay well-informed and continually adapt to the ever-changing world of tax law and accounting.
Our Commitment to Clients
At Clark Accounting Service, we pride ourselves on providing individualized attention to every client. Our team is dedicated to understanding the unique needs of both individuals and businesses, ensuring tailored solutions that maximize returns.
Accounting Services
Clark Accounting Service core services are built on our 20+-year reputation for excellence in accounting and other financial services, including:
- Accounting system design and implementation
- Financial statements and general ledger
- Payroll and sales tax reports
- Accounts payable and receivable
- Bank statement reconciliation
- Budgets and other reports
- Calculations of taxable employee benefits
- Depreciation and amortization schedules
- Income tax planning and preparation
- Job cost schedules
- Ratio analysis
- Custom reporting design
- Review of internal controls
Income Tax
Taxes are a critical consideration for both your business and personal finances. Our tax professionals help to balance your personal and business taxes in an effort to minimize your overall tax liability and allow you to enjoy more of your assets.
Clark Accounting Services tax specialists work proactively, providing strategic solutions and helping you to avoid costly missteps. We go beyond personal income tax preparation to coordinate issues involving gifts, estate and succession planning, trusts, real estate purchase or sale, and personal investment planning.
Tax law can be complex. There's much to know to be sure you're doing all you can to get what you deserve. Here are some personal and business tax tips to get you started. We update this information regularly, so check back soon for new tips.
Personal Tax Tips
- Charitable Donations
As a donor, you may not deduct labor or time, but you may deduct expenses such as mileage, uniforms, and even the cost of taking underprivileged youth to sports events or movies.
- Medical Expenses
It's difficult to reach the percentage of adjusted gross income you need to spend on medical expenses to be eligible. But if you qualify, you shouldn't overlook all possible expenses. Sometimes, it's even best for married couples to consider filing separately if one partner has high medical bills.
- Moving Expenses
If you moved more than 50 miles for work and stayed employed, you might be able to deduct reasonable moving expenses. No itemization is necessary.
- Domestic Production Deduction
This generous benefit for having a qualified business in the U.S. can be claimed by sole proprietors, partnerships, and corporations. It can even apply to farmers.
- Mortgage Interest Points
Points paid on a home mortgage are usually deductible as interest. If the mortgage is for the purchase or improvement of your principal residence, you can either deduct the full amount of the points in the year of payment or, if you're not itemizing your deductions that year, pay back the points over the loan term.
- Retirement Plan
One of the most powerful tax shelters available is a qualified retirement plan. Within certain limits, contributions to fund the plan are immediately tax deductible, plan investment earnings are tax deferred, and plan participants do not have to pay income taxes on benefits until they receive their distributions.
Business Tax Tips
- Business AutomobilesYou can claim deductions for the business-related use of an auto using either the standard mileage rate method or the actual expense method. You should use the method that will yield the largest deduction.
- Hiring Your ChildrenIf you have your own business, consider hiring your child to work after school or on vacations. The wages you pay your child for bona fide work are tax deductible.
- Home office expensesTo qualify for a deduction related to an office in the home, you must have an area of your home used exclusively as your principal place of business. This includes a place of business where you meet or deal with patients, clients, or customers.
Financial Education
We provide financial education services and resources to help individuals and businesses achieve a state of financial well being. Whether this means setting a budget, lowering costs or debts, increasing value, or helping make better financial decisions we can teach the skills necessary to save you time and stress. Financial understanding and capabilities are so often not taught to us until mistakes and bad habits are causing issues. Taking the time to learn better, more effective skills is one of the best ways to get ahead and make your goals reality. Let us help you get ahead.
Using a more individualized approach, we will assess your current financial situation, listen to your goals and dreams, and help set a path of achievable steps in the right direction. Teaching you how to make the changes on your own will help make a lifelong habit of intelligent money decisions while giving you the full support, resources and encouragement that fuel the best possible results for you.
Allie is a Certified Financial Education Instructor with 7 years of accounting experience. She is qualified to teach all age groups the financial skills that so many people struggle with every day.
Contact Us
Better yet, see us in person!
Call or email for an appointment!
Clark Accounting Service
Phone (719)488-8120 Email Clarkacctg@usa.net
Hours
Mon | 09:00 am – 05:00 pm | |
Tue | 09:00 am – 05:00 pm | |
Wed | 09:00 am – 05:00 pm | |
Thu | 09:00 am – 05:00 pm | |
Fri | 09:00 am – 05:00 pm | |
Sat | Closed | |
Sun | Closed |
Clark Accounting Service
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