GFS Financial Services
We provide professional tax preparation and business advisory services, focusing on financial clarity and small business growth. Our team is dedicated to building strong relationships through education and expert guidance.
Our Specialized Services
We provide comprehensive financial solutions tailored to your unique needs, from meticulous tax preparation to strategic business formation.
Tax Preparation
Comprehensive preparation for individuals and businesses, ensuring accuracy and maximizing your tax efficiency.
Notary Services
Secure and reliable document authentication for wills, deeds, and legal contracts with our professional notaries.
LLC Formation
Expert assistance in establishing your small business as a Limited Liability Company with ease and precision.
Building Strong Foundations
With over a decade of dedicated service, George Financial Services has established itself as a trusted partner in tax preparation and business advisory.
Our commitment to our clients goes beyond the numbers. We take the time to understand your unique situation, whether you are navigating the complexities of LLC formation or seeking expert guidance on tax education. We are here to ensure that every client relationship is built on a solid, long-term partnership.
By combining our extensive experience with a personalized touch, we help small businesses thrive in an ever-changing economic landscape. We don't just prepare returns; we build the financial future of your enterprise together.
Tax Education
What is a Tax Deduction?
A tax deduction is an amount subtracted from your gross income before calculating your tax liability, effectively reducing your taxable income.
What income tax documentation do I need to file taxes?
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Employment Wages: Form W-2 from every employer you worked for during the tax year.
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Self-Employment/Gig Work: Form 1099-NEC for non-employee compensation and Form 1099-K for payment card or online marketplace transactions.
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Investment Income: Forms 1099-INT (interest), 1099-DIV (dividends), and 1099-B (proceeds from stock or property sales).
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Retirement & Government Benefits: Form 1099-R for pension or IRA distributions, SSA-1099 for Social Security, and 1099-G for unemployment
How do I determine my filing status?
Your tax filing status is generally determined by your marital status as of December 31 of the tax year. The IRS recognizes five statuses—Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Surviving Spouse—and you must choose the one that offers the lowest tax liability.
Get in Touch
Redford, MI
tgeorge@gfsfinancialsvs.com
+1 (313) 599-9904
Have questions about tax preparation or business formation? We are here to help you navigate the numbers.
NAVIGATING NUMBERS TOGETHER