Tax ReturnThe success of any business largely depends on the accounting system and how you manage your financial records. You need to streamline financial records on a daily basis not just as required by CPA but also to keep a finger on the pulse of the financial status of your company. Ed Lloyd and Associates PLLC is a firm based in Charlotte, the United States that brings its years of expertise, knowledge, and skills to deliver exceptional accounting and tax planning services.

Ed Lloyd and Associates PLLC is a team of highly skilled, passionate and enthusiastic professionals who are resolved to pass on meticulous accounting and tax planning services. They make sure that all your financial documents and reports are kept in an updated manner so that you do not end up facing losses. Updated and accurate financial documents instill strength into your business. The professionals of Ed Lloyd CPA goes an extra mile and make sure you get the best quality services each and every time.

Edward Lloyd provides solutions completely tailored to meet your business needs because they understand every business is unique and so are the needs. When you would trust your job with them, they would not offer you off-the-shelf financial services, but deliver you top notch accounting services that totally assimilate your business problems. Make the accounting and tax planning process lot easier with the team Ed Lloyd and Associates PLLC in the United States.

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Paying income tax can be a threat to many of the business owners. But proper tax planning can make you feel confident about paying income tax on time, says Ed Lloyd & Associates, a tax expert who helps you in reducing the audit risk and help you prepare proper documents for all your finances. Many people ignore tax planning and do not even think about the amount of taxes they have to pay. Then they regret at the time when they have to pay a huge amount in taxes.

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It is important for you to plan for your taxes as they are bound to have priority demands in any company’s cash flow. There are a number of benefits of strategic tax planning if done in a proper manner.

Tax planning is not a single time process, rather, it is an ongoing process that continues with your every purchase, says Edward Lloyd. There are a number of tax planning strategies available for a person and some of them are:

  • Reducing your taxable income
  • Decrease your tax rate
  • Paying tax on time
  • Checking for any tax credit availability
  • Making retirement plan contributions

According to  Ed Lloyd CPA, a strategic tax plan always consists of a proper and customized tax strategy that is completely built around your objectives. The first area to analyze is your desire and need that is making you pay heavy taxes at the end.

A firm foundation plan is needed in strategic tax planning. All the sources of income need to be studied in order to determine the best way to decrease the taxable income, says  Edward Lloyd. One of the methods of strategic tax planning includes that you must get every tax deduction that you are entitled to under US tax code.

Another way to save on your taxes is to increase your entertainment expenses as these expenses are great deductions. Even you can get business automobile deductions as well. All these deductions can make you happy after paying your income tax.

Are you facing financial problems? Read – Best Advice on Financial Problems Faced by Young Generation by Ed Lloyd & Associates

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Tax Benefits for Senior Citizens

According to Ed Lloyd & Associates PLLC, the number of senior citizens and retired people in the USA is growing at a very fast rate. When a person turns 65, the way he files his taxes changes. It should be noted that there is a major difference between a retired person and a senior citizen. A retired person is someone who has completed his term of full-time work. On the other hand, a person who is of the age 65 or more is known as a senior citizen.


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Popularly known as contribution plans, 401 (k) is your key to smart saving towards retirement based on tax-deferred aspect. That is to say, now you don’t have to pay state taxes on savings or even their investments until retirement when you actually withdraw your money. But the benefits don’t end there. Experts at Ed Lloyd & Associates PLLC give you a clear picture of what 401 (k) exactly is and the pros of vouching for it.


Interestingly, there are many employers who sponsor a retirement savings plan for the betterment of their employees through various plans. The fact is that tax rate is low at the time of retirement than during working years and when you pay tax on your retirement; you eventually pay a lot less on your savings. Now these 401(k) plans are for public or private for-profit companies’ employees. Under these plans, a regular amount is cut from your salary before you are made to pay taxes, which reduces the amount income which is taxable and so you end up paying less tax. You can also put money aside on after-tax basis under this plan. Read More →

Today, more than 4 million firms across the world are using smarter applications to use make their accounting hassles convenient to deal with. The introduction of Quick Books in the world of numbers is one big relief. For those who are new to the concept of Quick Books, experts from Ed Lloyd CPA offers insight into the way it works and can be used to make the most of it. Before delving into the details, it’s important to know what these Quick Books really are. Quick Books is bookkeeping software that uses various accounting processes in one single system.


The basic function of a Quick Books is to make tracking sheets, spreadsheets and various tasks convenient. These also help you in maintaining your tax planning. The most interesting part is that users can modify it according to their needs. Read More →