M.R.Gaebel

M. R. Gaebel Tax and Accounting Professionals is a dedicated team of year-round professionals committed to providing comprehensive tax and accounting services to businesses and individuals in the Carthage and Watertown areas. We pride ourselves on staying at the forefront of tax law changes, ensuring our clients receive the most accurate and up-to-date advice. Founded by Gary Rowe, CPA, our firm is built on a foundation of expertise, integrity, and a personalized approach to client service. We understand that navigating the complexities of tax regulations can be daunting, and we are here to simplify the process, alleviating burdens and maximizing financial benefits for our clients.

Our Services

At M.R. Gaebel, we offer a wide array of services designed to meet the diverse needs of our clientele. Our core competencies include:

• Tax Preparation: We meticulously prepare accurate and timely tax returns for individuals and businesses, ensuring compliance with all federal, state, and local regulations. Our expertise extends across a spectrum of tax types, including individual income tax, corporate tax, partnership tax, and estate tax.

• Tax Planning: We believe in proactive tax strategies. Our team works closely with clients to develop customized tax plans that minimize liabilities and optimize financial outcomes. We identify potential deductions, credits, and other tax-saving opportunities, helping clients make informed decisions throughout the year.

• Accounting Services: We provide comprehensive accounting services to businesses of all sizes, including bookkeeping, financial statement preparation, and payroll processing. Our meticulous approach ensures accurate financial records, enabling businesses to make sound financial decisions.

• Consulting Services:

We offer expert guidance on a wide range of financial matters, such as business valuation, mergers and acquisitions, and succession planning. Our objective is to empower clients with the knowledge and tools they need to make strategic financial decisions.

Navigating the Corporate Transparency Act

The year 2024 marks a significant shift in the landscape of business transparency with the implementation of the Corporate Transparency Act (CTA). This act requires corporations, LLCs, and other business entities to disclose beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).

At M.R. Gaebel, we are dedicated to guiding our clients through this new regulatory framework. The CTA presents several complexities, particularly in defining "substantial control" which can encompass ownership, key positions, and officers. Our team possesses a deep understanding of the CTA's requirements and is equipped to assist businesses in identifying their beneficial owners and preparing their reports accurately and efficiently.

Compliance with the CTA is essential to avoid significant penalties, which include daily fines of up to $10,000 and potential imprisonment.

Partnering for Financial Success

At M.R. Gaebel Tax and Accounting Professionals, we recognize that every business and individual has unique financial needs. We strive to build long-lasting relationships with our clients, serving as trusted advisors and partners in their journey towards financial success.