Planning: We provide year end tax planning to minimize and timely inform clients of tax liabilities (business and personal)
Strategy: Development of tax strategies related to unusual business and individual transactions
Preparation: We prepare all federal, state and local income tax returns
Complex Returns: We prepare Gift Tax, Trusts, Estate and Not-for-Profit returns
Tax Recovery: We prepare amended returns, net operating loss carrybacks and abatement of penalties
Representation: We represent taxpayers in IRS audits, appeals, collection issues and negotiation of liabilities
Focus on Planning
Assisting clients with tax preparation and compliance issues is an integral part of the services provided by our highly trained professionals. More importantly, we focus on tax planning and implementation of strategies, with the objectives of minimizing taxes, eliminating penalties, avoiding “surprises”, and servicing our clients’ individual and unique needs.
We know that every financial transaction has an associated tax cost and impacts the bottom line, which is why we evaluate every possibility in assessing tax positions and employ the most favorable option when there is a choice, while maintaining accuracy and compliance with the tax laws and minimizing risks.
Use of modern technology and an expansive tax library keep us on top of continually changing tax laws and current audit issues, which we proactively incorporate into preparation of our clients’ returns.
With proper planning, we can tackle complicated issues upfront and timely inform our clients of their tax liabilities so they fully understand their cash flow requirements, which helps them achieve their financial goals and provides peace of mind.
Specialized Areas of Services
Our team of professionals has the diverse expertise to evaluate the tax consequences associated with complex issues in all areas of the tax law. Just some of the areas we can assist include:
Real estate lease, sale, foreclosure and exchange transactions
Structuring legal settlements
Estate and gift planning
IRA conversions and RMDs
Relocation and out of state activities
Penalty abatement and appeals
International reporting requirements
Filing delinquent returns
Debt restructuring and forgiveness
Loss carryback claims
Choice of entity type
Business acquisitions and sales
Selection of appropriate accounting methods
Employ benefit and accountable reimbursement plan
Executive compensation and dividends
Mergers and acquisitions
Cost segregation studies
Inventory methods and capitalization policies
Sales, use, franchise, payroll and personal property tax compliance