TaxAssurances, LLC is a tax preparation and accounting firm founded in 2011 by Kolonji Murray. Located in New Rochelle, New York, the company provides a wide range of services including individual and business tax preparation, consulting, and accounting.
Kolonji Murray, a seasoned tax professional with over a decade of experience from prestigious institutions like Deutsche Bank, Morgan Stanley, and J.P. Morgan Chase, leads the firm. The company is known for its holistic approach to financial wellness, offering not just tax preparation but also business strategy, financial planning, and wealth management. TaxAssurances is committed to empowering clients through education, publishing books on tax deductions and financial literacy, and providing expert advice through various media outlets. The firm is recognized for its dedication to community service and financial education, making it a trusted advisor for small business success and personal financial management.
Holistic approach to financial wellness
Expertise from prestigious financial institutions
Comprehensive suite of services including tax preparation, consulting, and accounting
Financial education through books and media appearances
Commitment to community service and financial literacy
Services
Tax Preparation
Comprehensive tax preparation for individuals and businesses, including federal and state tax returns.
Face-to-face and virtual appointmentsTax preparation for New Rochelle residentsFree consultation available
Consulting
Business consulting services focused on financial strategy, tax planning, and wealth management.
Experience at Deutsche Bank, Morgan Stanley, J.P. Morgan Chase, etc.
Since 2010
Reviews
Rating
4.9
★★★★★
Reviews
104
"He was efficient and helped us with all of our tax needs."
Frequently Asked Questions
Do I need to file a tax return this year? +
Generally, the amount of income you can receive before you must file a return has been increased for 2024. Your filing requirement depends on your income, age, filing status, and whether you're a dependent. See IRS Publication 501 for complete filing requirements and thresholds.
What filing status should I choose? +
Your filing status affects your standard deduction, tax rates, and eligibility for certain credits and deductions. Filing status is important in determining whether you must file a return and whether you may claim certain deductions and credits. See IRS Publication 501 for detailed guidance on choosing the correct filing status.
When is the tax filing deadline? +
The regular filing deadline for individual tax returns is typically April 15th. If April 15th falls on a weekend or holiday, the deadline is extended to the next business day. See IRS Publication 17 for current year filing deadlines and extension information.
Should I itemize deductions or take the standard deduction? +
Standard Deduction gives the rules and dollar amounts for the standard deduction—a benefit for taxpayers. You should compare your total itemized deductions to the standard deduction amount and choose whichever is higher. See IRS Publication 501 and IRS Publication 17 for itemized deduction details.
What income do I need to report? +
You must report all taxable income, including wages, self-employment income, investment income, retirement distributions, unemployment compensation, and other sources of income. See IRS Publication 17 for comprehensive information about all types of reportable income.
What if I'm self-employed? +
Self-employed individuals must report business income and expenses on Schedule C and may need to pay self-employment tax. See IRS Publication 334 and IRS Publication 535 for details on tax preparation and accounting services.
4.9
