Welcome to Somerset Tax Partners, LLC
Saving Taxes for Individuals and Small BusinessesProfessionalism in tax preparation, planning and accounting saves you time … and money.
More About Us
Professional Tax, Accounting & Planning Services
One-on-One Support You Can Trust
Proactive tax planning
Build long-term financial stability
R. Joseph Ritter, Jr.
Principal / CFP® EA
of professional experience in tax, accounting, and financial consulting
What We Do
Our Services
Tax Services
We go beyond Tax Return preparation to provide Tax Planning. Proper planning helps individuals and businesses pay only the necessary taxes.
Bookkeeping & Accounting Services
Business owners are good at what they do. We bring the bookkeeping and accounting services to help you focus on profitability.
Payroll Services
Our comprehensive payroll services for small and medium size businesses include employer and employee logins.
Cryptocurrency
Receive expert guidance on navigating the tax implications and reporting requirements for your digital asset holdings.
Fiduciary Services
Specialized accounting and tax services tailored for fiduciary duties and elder care financial management.
Entity Selection & Comparison
Explore the key differences and benefits between S Corporations, C Corporations, and Sole Proprietorships to choose the best structure for your business.
Examinations & Collections
IRS notices in the mail can cause fear. We help you navigate the complexities of examinations and collections to resolve your tax matter.
Non-Profit
Non-Profit organizations have many compliance requirements. We provide bookkeeping compliance reports, Form 990 preparation, and fund accounting systems.
Real Estate
Done right, real estate investments and rental property can provide tax savings. The associated bookkeeping also requires a comprehensive understanding.
Work Steps
Our Work Process
Make a Plan
We start by understanding your unique financial situation. Through a one-on-one consultation, we review your goals, income, business structure, and tax history to identify opportunities and challenges before taking action.
Cost Calculating
Next, we analyze your numbers in detail. This includes evaluating tax exposure, compliance requirements, and potential savings so you clearly understand your obligations—and your opportunities—before moving forward.
Strategic Execution
With a solid plan in place, we implement proactive tax planning, accurate bookkeeping, and reliable accounting strategies designed to support your tax planning goals and long-term financial stability.
Ongoing Support
Our work doesn’t stop after filing or setup. We provide ongoing guidance, proactive planning, and year-round support to help you stay compliant, reduce risk, and move confidently toward your financial goals.
Testimonials
What Clients Say
Our Staff
Expert Professionals
R. Joseph Ritter, Jr. CFP® EA
Principal
Tina Wright
Client Relationship Manager
Leah Ritter, CB
Bookkeeping Manager
Ekaterina Thomas
Bookkeeper and Tax Assistant
Emma Wright
Administrative Assistant
We Are Your Partner in Tax and Accounting Planning
Blog & Article
Recent Blog Post
Tax Planning Around Inflation
One of the more frequent questions I am asked is, “How can I reduce my tax liabilities?” While this is always a good question to ask, it is all the more important when inflation affects our daily budgets. Probably the most common response to inflation in general is to...
Life Insurance Loans
Today’s topic will not affect very many people. Did I just encourage you to skip reading the article? Hopefully, you do not tune out because, for those today’s topic does affect, the information may prevent financial disaster. Cash value life insurance, such as whole...
Tax Impacts of Gifts
A reader requested a better understanding of the tax impacts of gifts. This is a question we sometimes field in the office, so it is on the minds of many folks. We will cover several topics within gifts. Gifts are generally tax-neutral. Tax is only imposed when the...