Bernales & Associates LLC

Tax deductions reduce the amount of income you pay taxes on. Such as dependent elderly parents and/or student loans.

Tax credits lower your tax bill dollar for dollar. For example child tax credit.

Common mistakes include wrong or omitted social security number; incorrect bank account numbers; forms without signatures and / or presentation with an expired ITIN.

Condo insurance covers your personal property, interior walls and fixtures commonly excluded from your condo corporation's insurance policy.

In general, you should keep records until the statue of limitations (the period during which the IRS can audit your return) runs out. Usually this is three years after the date a return was filed.

Bookkeepers are responsible for managing your business finances. Services include accounts payable, account receivable, payroll, expense reports and bank reconciliations.