Sound Accounting PLLC

About

Sound Accounting is a Certified Public Accounting firm serving individuals, families, self-employed, professionals, and small business owners throughout the US.

Story

Sound Accounting was initially founded to provide accounting and tax services to the small business community in the Chattanooga metro area. Because we specialized in business accounting and tax, we did not handle many individual tax cases during our first years in practice.

However, we quickly learned that many of our neighbors were facing financial devastation because of significant tax debt. What we discovered is that most people, as well as most “financial professionals” and advisers, do not understand the tax implications of life’s major decisions and events such as marriage, divorce, re-marriage, buying a home, selling a home, investing, retirement, and death. As more and more people came to us asking for help, we quickly discovered that the failure to consider the tax implications of common life changes can be ruinous.

Far too often, people came to us asking for help because they owed tens of thousands of dollars in taxes after improperly rolling over their retirement funds or taking an ill-advised withdrawal from their IRA, 401(k), or similar retirement account. To make matters worse, we learned that many of our clients with large tax bills had those bills because of advice provided by their financial adviser!

In other cases, we found many self-employed and small business owners paying large tax bills even though their taxable income was zero. The bottom line was that they were paying taxes they could have legally avoided with simple tax planning.

Beginning in 2014, our managing partner, Scott Goble, decided to combat the rampant spread of inaccurate and potentially disastrous financial advice and urban legend by expanding our tax preparation practice to include individual income taxes. He also began offering an additional service to individuals that combines tax and financial planning.

The wisdom of combining financial and tax advice is obvious. Taxes are one of the largest expenses an American family faces with combined state and federal rates as high as 45.6%! With almost HALF of your money on the line for taxes, how can anyone ignore the tax consequences of a proposed financial plan? Yet most people offering financial planning services state that they cannot give tax advice. As a licensed Certified Public Accountant who also holds a securities license and an insurance license, Mr. Goble can fill the tax gap that exists in most financial plans.

As part of this service, we offer a free one-on-one tax planning session for all of our income tax preparation clients. Additionally, we offer free planning workshops from June through December for our clients and the community at large.