Tax Services
Our tax services begin with a quick review of the past. We will follow-up referencing the current year and future years. Oftentimes, it is a common occurrence to ask a question about a prior year to determine the relevance to the current and future years. Changes may be suggested such as converting a standard corporation (form 1120) to a sub S Corp (form 1120 S). We will not assume that everything that was done in the past was done correctly. Even if so, present regulations might justify a change in the corporate structure. It is our commitment to keep our clients well informed at all times. Changes in the tax laws may have a material effect on the client’s future operations and related taxes.
Business Entity Selection
The business entity, be it a LLP, LLC, sole proprietorship, partnerships, or corporation that you select for your business has enormous financial tax implications. It is most important that you made the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change accordingly.
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest Federal, state and local tax legislation and other developments affect you and your business. We are constantly identifying new ways to reduce Federal state and local tax liabilities.
Financial Analysis
When a business is able to undertake strong financial analysis it opens up new opportunities to improve management, planning and decision-making. Financial analysis provides the numbers to support, reject or contemplate a course of action. Prospective analysis can show how situations may evolve under various scenarios, providing a new dimension to decision making. We are ready to provide this type of financial analysis to support the continued growth of your business.
Buying or Selling a Business
Few business decisions are more important, complex and potentially business altering than a buy or sell decision. When you are ready to sell your business, we can provide support at every step, including valuing the business, vetting potential buyers, and supporting due diligence. If a buying opportunity presents itself, we can help by providing valuation services, developing negotiation and financing strategies, and managing the due diligence process.
Estate & Trust Tax Preparation
Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during difficult times. We can work with your legal counsel to help you to structure your estate and trust(s) to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust tax related matters.
Retirement Planning
Retirement planning is critical in these uncertain times. Whether you are developing a retirement plan for yourself or choosing a retirement plan to offer to your employees, we can help you evaluate the available options. Our focus is on helping you to make the choice that is most appropriate for your own financial situation. If you are choosing a retirement plan for your business, we will base our recommendations on the unique characteristics of your business and your employee population, as well as the legal and compliance issues related to each type of plan.