We Do Taxes, So You Don’t Have To

At Nakowicz Financial we promise to always provide the best possible work to you. We have our Three CheckPoint Policy, where each and every return goes through an extensive quality control procedure and is always reviewed three times to assure its compliance and correctness. We also offer our No Stress Tax Assurance, which protects your return even if you omit something. As well, we file your return electronically to make the process as smooth and fast as possible.

Should you owe money to the IRS, we will work with you to identify problem areas in payroll withholding or potential deductions for the coming year. We ensure that you file confidently, accurately and, most importantly, that you to pay no more than you actually owe.

We’re Professionals

At Nakowicz Financial we do not take chances. We are a staff that is fully educated on all tax matters and we stay educated on the ever changing tax system. We are staffed with professional designated tax preparers either Enrolled Agents or Certified Public Accountants.

Enrolled Agents – Licensed by the IRS. Enrolled agents are subject to a suitability check and must pass a three-part Special Enrollment Examination, which is a comprehensive exam that requires them to demonstrate proficiency in federal tax planning, individual and business tax return preparation, and representation. They must complete 72 hours of continuing education every 3 years. *

Certified Public Accountants – Licensed by state boards of accountancy, the District of Columbia, and U.S. territories. Certified public accountants have passed the Uniform CPA Examination. They have completed a study in accounting at a college or university and also met experience and good character requirements established by their respective boards of accountancy. In addition, CPAs must comply with ethical requirements and complete specified levels of continuing education in order to maintain an active CPA license. CPAs may offer a range of services; some CPAs specialize in tax preparation and planning. *

*  Taken from IRS.gov (https://www.irs.gov/Tax-Professionals/Understanding-Tax-Return-Preparer-Credentials-and-Qualifications)

Personal Returns

We can handle any type of individual return. Even down to special forms and unique tax situations.

We can prepare all types of Returns

Individual taxpayers have a myriad of forms with each situation being unique. We can handle everything from simple to the most complex.

  • Parent and Child Returns
  • Personal Returns for Business Owners
  • Innocent/Injured Spouse
  • Foreign Income Exclusions
  • We file all State Returns for the entire country
  • And More

Business Returns

Sole Proprietor, Farm, LLC, Partnerships, S-corps, and C-corps we can handle any situation.

Small Businesses Love Us.

Business tax preparation is the final product. We are a firm that is willing to partner with you to maintain your success. We build connections throughout the year instead of just at the end when frankly it’s too late. In our opinion it is better to be on the offensive versus the defensive.

In Addition to our Tax Services…  Click Here to Check Out Our Business Services.

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Estate and Trust

“Lucky is the spouse who dies first, who never has to know what survivors endure.” - Sue Grafton, F is for Fugitive

We work with you to help at these tough times.

Nakowicz Financial can help you the survivor. We can work with your attorney to file all necessary Estate returns and file returns for Trust that are created at death.

From our experience the process can be overwhelming filing the final 1040 through the filing of any trust returns. We empathize and can help you to organize your life after a loveones departure.

Education

When you're in the know, you feel more comfortable with what the future holds.

It is Important to Educate

We sit with each client at drop off and go over everything that happened the prior year. When your return is complete we again sit down and go over the return answer any questions. Many times we discuss how to better handle certain situations in the coming years.

This remains one of the most valuable processes here at Nakowicz Financial and our clients love it.

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Book Your Appointment Today!

Here are many of the common tax issues we routinely handle for our Rhode Island clients.

Taxes reported on a W-2 are the most common form of taxes around. If all you have is a W-2 form from your employer, then your taxes can be fairly straightforward and relatively quick to prepare.
Are you getting your homestead deduction to save on property taxes. Are you buying a piece of property and want to understand the tax implications?
Reporting capital gain or losses from the sale of a home. Reporting Gains/losses, deferring gains/losses.
If you own rental properties, including homes, trailers, apartments or more, we can properly handle the reporting of your income, expenses & deductions so you won’t have to worry.

Whether you are doing simple stock buys and sells, or investing in more complex investment vehicles we can help you understand and guide you on managing your tax liabilities over the coming years.

  • K-1s
  • Dividends
  • Calculating Basis
  • Capital Gains
    1. Stock Sales
    2. Short Sales
Filing as a couple vs individual is going to have different tax implications.
Need help filling out fafsa paperwork and reporting the proper income, student loans and scholarships.
While the above issues are the most commonly observed forms of tax issues, we have seen hundreds of unique issues that are too obscure to list here. If you would like to know whether we can address an issue that is not listed here. Please feel free to give us a call, send us an email, or submit a question through our contact page: Contact Us

While paying taxes is necessary, we want to ensure that you maximize your after-tax income. The best way to do so is to plan ahead, to look at your anticipated income for the year and legally reduce your tax liability with tax saving strategies.

We work with businesses and individuals to create custom plans to reduce the amount of taxes owed to the lowest possible number. We do this by looking at tax credits, deductions, and savings plans throughout the year, not just at the end of it. Whether it’s deferring income, reducing taxes on gifts and investments, or utilizing retirement plans to reduce taxes, we want you to hold on to as much of your income as possible. Learn More!

Nakowicz Financial’s Additional Tax Services

At Nakowicz Financial you do not just get expert tax preparation… You also have access to the full gamut of tax advisory services. We can help protect you and your family for the future.

Protect your money. One of the biggest points to understand about taxes is when talking about how much money you pay or get back is that we’re talking about your money. We like to say it isn’t free money, it’s your money. Tax planning is sometimes to appropriate necessity to protect your assets.
In the last few years with Congress cutting the IRS’ budget they exist now with an understaffed agency. They now rely on the tax computer system to issue notices and letters. Many of these notices are incorrect and unfounded. That is why you must find a competent firm that can handle the IRS when/if you need help. Learn More
In many cases putting excess monies that the IRS would just tax makes sense. We are not just Tax Professionals, John can also advise you on how these tax benefiting accounts could help you save your money and not let the IRS get them. Learn More

Why Choose Us

      • We’re responsive so your tax matter gets handled fast and when you need help.
      • Accurate processing, we triple check our work to ensure we have covered everything.
      • Open convenient hours during tax season (Feb 1st to Apr 15th), M-F 9am – 8pm, Sat 9am – 5pm.
      • Qualified training staff with a CPA, MST and EA at the helm.
      • Education is first at Nakowicz Financial, we educate clients on what is happening on their return.

What Client’s Say

Very good people to work with.
Curt H., Tax Client
I grew up in my Family’s business and now I work hard to continue its success. I wanted to choose a Family owned accounting and financial firm that shared my core values of honesty, reliability, and courtesy. Nakowicz Financial just felt right.

For the last twenty years, Marsha and John Nakowicz have helped me in multiple ways. Not only do they do the accounting for my business, they have also guided me in obtaining life insurance and taught me how to save money for my future and retirement. Additionally, the most important thing this family has done for my family is setting up college savings accounts for my children. I was able to send my daughter to Roger Williams University and my son to MTTI this year without worrying about how to pay for it. I have been and Continue to be impressed with the service I receive from them.

Marsha and John are truly caring people that are always willing to talk with you. They make good on their word that they are all about connection. If you share these Values or want real one-on-one services, Nakowicz is the best to help you succeed with your personal or business goals.

Steve G., Tax Client
I am a very satisfied customer of Nakowicz Financial Services. They have been doing my taxes for over 25 years. They are very professional, friendly and willing to answer all questions. My taxes are always completed in a timely fashion and I receive my refunds soon after they are e-filed. I have recommended their services to several friends over the years who are also very happy customers!
Peter F., Tax Client