Consult Your Tax Advisor

Cook & Co. Tax Advisors
Tax Department

Have you ever received a tax document that has bold print that reads "CONSULT YOUR TAX ADVISOR"? Bring it to us!

Tax questions about the future?

Try to hold those until the end of the interview. Once your agent has gathered all of your information and keyed it into our computer system, the agent will have an updated snapshot picture of your tax and financial situation on the computer screens and will be better equipped to answer questions about the future.

Schedule Appointment

Enrolled Agents

Licensed by the U.S. Treasury Department to represent taxpayers before all administrative levels of the Internal Revenue Service.

Schedule Appointment

Individuals, Businesses and Trusts

We represent taxpayers if they are audited.

We prepare and file tax returns for businesses, non-profits, trusts and individuals. We provide tax planning and assist with tax problems. We pride ourselves on being very efficient, affordable and of course, discrete. In the review process, our Electronic Return Originator checks the returns for input accuracy, data integrity and correctness. The data keyed by the agent is compared to the digital copies of the source documents used in preparation.

Featured Tax Topic

Car and truck expenses are one of the largest expenses for a lot of small businesses. It's also one of the expense categories the IRS and State Department of Revenue like to focus on in an audit.

Little LogBook-Electronic Mileage Logbook-No Monthly or Annual Fees

By: Greg Cook

GPS Logbook

February 25, 2020

Arab, Alabama

Little LogBook is an automated electronic GPS trip logbook solution that takes away the responsibility and inaccuracy of manually recording trip logs.

Whether you are claiming business mileage from the IRS, billing clients for travel expenses, keeping tabs on your employees and business vehicles or a combination of all of these, the Little LogBook fits the bill perfectly. The strength of Little LogBook lies in its extreme simplicity. Plug the Little LogBook into the cigarette lighter of your vehicle using the USB power adapter supplied — you can also plug it into the USB port in your vehicle if it has one.

The small GPS device, no larger than a flash drive, does all the hard work of collecting your trips as you drive. The dual USB charger allows you to use/charge your other devices while your Little LogBook is in use. Simply unplug the Little LogBook from your vehicle then plug it into the USB port of your PC — no additional cables required! The user-friendly yet powerful software enables you to download and manage your trips at the click of a mouse.

Cook & Co. sign in front of building at 124 South Main Street in Arab Alabama

@tax_advisor

Follow me on Twitter! Or, listen to my podcast. Greg

Gregory J. Cook at 124 South Main Street in Arab Alabama

One of the biggest expenses for many small business owners, is automobile epense. Faced with two options, either actual expenses or the mileage rate, you should talk to one of my advisors.

Inflation Reduction Act of 2022

Buying a Clean Vehicle doesn't have to be about saving the planet, saving money or even just because your nine-year-old granddaughter has you wrapped around her finger.

Divorce & Taxes

In a property settlement, the tax basis must be considered when dividing the assets.

Vehicle Expenses

Tax write-offs for trucks, vans, SUVs and passenger vehicles can be tricky.

The Things Kids Say

Some time ago I was asked to speak to a Sixth Grade School Class on CAREER DAY.

Planning is the key to successfully and legally reducing your tax liability.

We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

Calculators

Secure Self-Help Tools

37%

1040 Tax

Calculator

Based on your projected tax withholding for the year, we can also estimate your tax refund or amount you may owe the IRS next April.

Top Bracket: 37%

Over: $612,350 MFJ

RMD Current Year

Required Minimum Distribution

Use this calculator to determine your Required Minimum Distributions (RMD) from your IRA for the current year.

Born Before 06/30/1949: Age 70.5

Born On/After 06/30/1949: Age 72

40%

Estate Tax Planning

Death Tax

Use this calculator to project the value of your estate, and the associated estate tax, for the next ten years.

Tax Rate: 40%

Exemption: $11.58 mil

80%

Calculator

Mortgage Tax Savings

Use this calculator to determine how much your mortgage could save you in income taxes.

Cap: $750,000

50%

Rule 72(t)

Calculator

Penalty free early withdrawals from retirement accounts. Calculate your allowable 72T Distribution.

male hand holding a card that reads plan ahead

40%

Financial

Calculators

These self-help tools are for your independent use and are not intended to provide investment or tax advice.

Just Because Someone You Know Did it on their taxes, doesn't make it right!

What is appropriate on one persons taxes, may not be appropriate at all on yours. Circumstances vary. In addition, what another person does on their taxes may be wrong. They may or may not get away with it for long. It usually takes the IRS two years to send a letter. They are that far behind.

What Clients Say

We use Cook & Co to do our personal and business tax filings. All of our questions are answered and we walk away from the visit feeling confident with our current business tax strategies.

Tom D.

Client

***** ***** goes beyond expectations. He even told us what would happen in 2018 when the new tax law takes effect. And gave us some more options that we did not know.

Tom W.

Client

I met with Cook & Co. yesterday for the first time. What a pleasant experience! Their ability to discuss tax law in a way that I could understand it was much appreciated. I'm glad I switched!

Mark H.

New Client

As usual our tax return was completed quickly and efficiently. We had a few different items to add through inheritance from my wife's father. As expected, **** knew exactly what to do. She has been doing our tax return for several years, and we expect to continue to use her in the future.

Dick B.

Client

Great firm...bright, quality return preps, very user friendly, have your best interests at heart...short and long term. Used for over 15+ years. THEY DO NOT DISAPPOINT and will definitely save you tax $$ and unwanted adverse implications.

Johnny W.

Client

Cook Accounting is the most reliable accounting service I have ever used. Everyone who works there understands and is absolutely competent. Unequivocally recommend Cook's.

Jim R.

Client

We have been using Cook & Co for almost 3 decades. They are professional, personable, and always up-to-date on the latest tax codes. Highly recommend. Not only do they prepare your taxes, but also support you if audited.

Marsha B.

Client

I have used Cook and Company for 27 years. They have always done excellent work, answered all my questions and I leave there feeling confident that my tax return was done right. I've never been audited but feel sure that they would represent me well should that ever occur. I highly recommend them. It is very worth the drive to Arab.

Jan R.

Client

I have been using Cook and Co for over 15 years now and I would not even think to go elsewhere. This team is second to none. Period

Greg H.

Client

Retirement Income

Distributions from Defined Benefit Retirement Plans that have provided confirmation to the state are not taxable by the State of Alabama. This list was updated November 20, 2019.