Business Details
Trusted Tax and Accounting Services in Durham, NC
At Chris Arena, CPA, we are dedicated to empowering small businesses and individuals to focus on their core passions while we handle their financial needs. With decades of combined experience in tax compliance and advisory services, our team specializes in delivering tailored solutions across diverse industries. Recognized as Durham Magazine's Best Accountant in 2020 and 2018, and a finalist for Indy Weekly's Best Accounting Firm in 2016 and 2017, we pride ourselves on personalized service and deep expertise. Our approach combines meticulous attention to detail with strategic planning to ensure clients maximize deductions, navigate complex tax forms, and achieve long-term financial clarity.We prioritize transparency, client education, and proactive support, offering free one-hour consultations to ensure alignment with our clients' unique goals. From business tax compliance to personal tax preparation, our mission is to simplify financial complexities while maintaining the highest standards of professionalism and integrity.
Services
Business Tax Compliance
Personal Tax Preparation
Business Advisory Services
S-Corp Election Filings
Financial Record Analysis
Highlights and features
- We offer over 20 years of experience in small business tax compliance.
- Our team provides tailored tax planning and compliance expertise.
- We specialize in handling complex tax forms like 1099s and K-1 statements.
- Our free consultation ensures alignment with your specific financial goals.
- Recognized as Durham Magazine's Best Accountant in 2020 and 2018.
Associations and certifications
- Certified Public Accountant (CPA)
What people say
Best Accountant
Tailored tax planning
Help focus on passion
Complex tax forms
Free consultation
Services
Business Tax Compliance
Specialized tax compliance services for small businesses across all entity types. We handle year-round tax planning, return preparation, and submission to ensure adherence to federal and state regulations. Our expertise includes navigating complex business deductions, payroll tax obligations, and industry-specific requirements to minimize liabilities while maintaining full compliance.
Personal Tax Preparation
Comprehensive personal tax filing assistance for individuals with complex income sources. We specialize in 1099 forms, K-1 statement reporting, and maximizing allowable deductions for consultants and small business owners. Our approach ensures accurate filings while optimizing tax-saving opportunities through strategic planning and documentation analysis.
Business Advisory Services
Strategic financial guidance for small business owners beyond basic compliance. We provide cash flow analysis, profit optimization strategies, and entity structure recommendations. Our advisory services help clients understand financial statements, improve business performance, and make informed decisions about tax elections like S-Corp status to enhance long-term profitability.
S-Corp Election Filings
Specialized assistance with S-Corporation election processes using Form 2553. We evaluate business eligibility, prepare required documentation, and ensure timely submission to the IRS. Our service includes ongoing compliance support and tax strategy adjustments to maintain S-Corp status benefits while avoiding common pitfalls that could jeopardize election validity.
Financial Record Analysis
Detailed examination of business financial records to ensure accuracy and compliance. We identify discrepancies, organize documentation for tax filings, and provide recommendations for improved financial tracking systems. This service helps businesses maintain clean records year-round, facilitating smoother tax preparation and better-informed business decisions.
People
Chris Arena
CPA, Founder
Certified Public Accountant with over 20 years of experience specializing in small business tax compliance. Recognized by Durham Magazine as Best Accountant in 2020 and 2018, Chris focuses on personalized tax strategies and financial advisory services for local businesses and individuals.
Questions
What accounting services do you specialize in?
We specialize in business tax compliance, personal tax preparation, S-Corp elections, and financial advisory services for small businesses.
Do you offer free consultations?
Yes, we provide a free one-hour consultation to discuss your specific needs and determine if we're a good fit for your business.
What areas do you serve?
We primarily serve Durham and Greensboro, North Carolina, with both in-person and secure digital service options available.
How do you handle complex tax situations?
Our expertise includes navigating 1099 forms, K-1 statements, and industry-specific deductions to ensure accurate filings and optimal tax outcomes.
What documents should I bring to our first meeting?
Please bring your latest tax return, business formation documents, and any specific financial concerns you'd like to address during our consultation.
