EMCOL INVESTMENTS, LLC is the parent company of a conglomerate of businesses, which includes Emcol Service Group, Emcol Tax Services, Emcol Tax and Insurance, and Emcol Properties. We place a great deal of emphasy on the quality of our services.
Wondering what EMCOL really means? Well, it’s simply coined from a prayer of Jabez, in the Bible, found in 1st Chronicles 4:10, “Enlarge My Coast O‘ Lord;” which our Founder here fondly uses often. EMCOL INVESTMENTS was established in the year 2007.
We may not be “the” best of the best, but we are right up there among the best. There is a reason why this adds up as our unique value proposition: we are passionate about creating custom solutions; we possess a seemingly innate well-resolved zeal to stand up on behalf of our clients; empower the powerless; equip our customers and even prospects with great information and resources to either make informed judgment or become much more knowledgeable for the future; for the seemingly ‘down-and-out,’ we give a hand to get back up; we pay extra personal attention to our clients’ needs; and observe strict commitment to all tasks at hand. The energy we bring to each client’s relationship is rare in an industry where profit tends to overshadow quality of service. We make conscious efforts to build long lasting relationships. These and many more give us the opportunity to stand tall in the market.
EMCOL is both a B2B (Business-to-Business) and B2C (Business-to-Consumer) service provider in diverse areas of interest. We also consult for business owners and self-employed contractors by helping them bring their dreams to reality. Through the stages of ideation to formation, setup, audit and compliance tests, as well as business development, we are there with and for our clients.
– Federal and State Income Tax Return Preparation,
– Tax Audit Assistance,
– Filing and Procurement of “Individual Taxpayer Identification Number (ITIN) for the benefit of those not eligible for social security numbers but wish to pay their fair share of taxes on incomes earned within a calendar year.,
– Tax Overages and Cash Backs,
– Real Estate Investments, etc.
As for income tax, we thoroughly examine each customer’s tax papers and business situations (if and where applicable) to get every allowance, deductions, credits, and/or tax advantages available, as well as ensure that all our trades make every party a Winner!
OUR KEY SOLUTION BENEFITS:
- Fast Tax Refunds
- On-Demand Mobile Tax Agents
- Assigned Personal Tax Preparer
- ITIN Application Filing Experts
- Competitive Fees agreed in advance of eFile Transmission
- Tax Planning
- Free Estimates
- Property and Casualty Insurance
- Life and Health Insurance
- Index Universal Life Insurance (IUL)
- Incorporation of LLC, INC, etc.
- DBA Business Registration,
- Empowerment Workshops
- Financial Seminars
- Real Estates Consulting
Calculating your Tax Rate
We know it’s often hard to figure out how to determine your own tax liability by yourself or your business.
The best place to start is in knowing that the calculation is primarily based on your taxable income. This is the income after you deduct the alowable standard deduction or itemized deduction as the case may be for you. You either accept the standard deduction allowable for your filing status or itemize if your deductions if over the limits allowed.
For instance, the standard deduction $12200 is for Single, $18350 for Head of Household, or $24400 for Married Filing Jointly Tax Filers for Year 2019.
Any of these standards must first be deducted or itemized as above the line deduction, and/or apply 20% of Qualified Business Income Deduction (in the event that you’re a self-employed individual or independent contractor) so as to get your Taxable Income, then determine your tax rate and tax liability.
Determining your Exemptions
Your tax exemptions are primarily determined by what you fill on your W-4 with your employer. Sometimes a simple to a major change in your situation or lifestyle may affect your tax filing, Few of the examples are as follows: child birth, marriage, divorce, separation, alimony or child support lawsuit, death in the family, etc. Here, you will be familiar with some basic knowledge to file your W-4. This may help you avoid unpleasant surprises during tax filing season.