Joseph Passaretti CPA Inc

The Accountable People

Tax preparation service in Smithfield, RI (show on map)

4.7

★★★★★

23 reviews

We offer services for business owners, executives & individuals in the United States.

Call (401) 231-4022

Navigate to Visit website

About

For years, Joseph Passaretti, CPA, Inc. has been providing quality, personalized financial guidance to local individuals and businesses. Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.

Joseph Passaretti, CPA, Inc. is one of the leading firms in and throughout the area. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year. Our mission is to help clients maintain financial viability in the present, while taking a proactive approach to achieve future goals. This requires open communication to reach an understanding of our clients' needs through research and sound analysis. Joseph Passaretti, CPA, Inc. is dedicated to meeting these goals with high standards of excellence and professionalism. We have been a staple of the area's business community for years, and pride ourselves on the level of esteem we have earned. Our dedication to hard work has earned the respect of the business and financial community in and around the area. We believe this to be a direct derivative of our talent and responsiveness to our client base. Whether you are a current or prospective client, rest assured that individuals and businesses who choose Joseph Passaretti, CPA, Inc. receive competent and timely advice.

Personalized financial guidance

Broad range of services from basic tax management to audits and financial planning

Affordable rates and experienced, friendly staff

Specialized elder care and non-profit services

Expertise in IRS audit representation and tax relief

Services

Personal Financial Planning

You get one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth.

Develop a comprehensive personal financial plan to achieve your goals Periodically review your personal financial plan as your life situation changes Integrate your financial plan with your tax planning (individual and business) Evaluate estate, gift tax, and trust tax strategies to preserve wealth Review investment strategies (are you paying too much in fees?) Evaluate investment and retirement portfolio risk (more aggressive, less aggressive) Help you understand Required Mandatory Distributions (RMDs) from IRAs Analyze your current budget versus your retirement budget Create a retirement income distribution plan that meets your goals

Retirement Planning

It's Never Too Early To Start Planning For Retirement. The key to successful retirement planning is developing a plan that while based on your current financial situation, also meets your projected financial goals down the road.

Evaluate your current financial situation, including assets and liabilities. Create a budget that meets your retirement goals, including how much you need to contribute to your current retirement plan to meet those goals. Review your Social Security account to determine the best time to begin taking your benefits. Make sure that you understand how other sources of retirement income affect the retirement planning process. Determine whether taking a lump-sum distribution or opting to take monthly payments is better for your particular financial situation.

Estate Planning

Estate Planning Is Not Just for the Wealthy…it’s for Everyone. Planning for your family’s financial future is not just for the one percent; it’s important for everyone especially if you have a spouse or children.

Allocating assets to spouses, children, trusts, and charities Periodic review of estate planning needs as your family situation and finances change Gift tax strategies Business succession planning Trust administration Tax planning and preparation including estate, gift, and fiduciary tax returns

Elder Care

Helping Your Loved Ones Maintain Financial Independence When They Need It Most. Do you have an elderly family member who needs help with day-to-day finances such as paying household bills or balancing a checkbook? Are you worried that financial predators might be taking advantage of your elderly parents?

Income tax preparation Household budgeting including unexpected expenses (home repairs, emergency medical expenses) Monitor investment, bank, and other financial accounts Manage and review of day-to-day finances Keep track of income and expenses to ensure adequate cash flow Serving as trustee Evaluate financing options for health care Inventory personal assets and investments

Wealth Management

Wealth management is a high-level professional service that provides an integrated approach to growing and preserving income and assets, as well as determining how much of a client’s wealth is to be distributed and for what use.

Comprehensive wealth management strategies Asset allocation and portfolio management Tax-efficient investment planning Estate and trust planning Retirement planning Risk management and insurance planning Philanthropic planning for charitable giving

Small Business Accounting

We are here to help your business succeed. Small Business Accounting provides essential financial management services to ensure your business runs smoothly and efficiently.

Bookkeeping and financial record-keeping Payroll processing and compliance Financial statement preparation Tax preparation and planning Cash flow management Business advisory services Software integration and support