Our experienced professionals have the knowledge and skills necessary to address all of your tax needs including:

Income Tax Return Preparation
Federal Income Tax Planning
State and Local Tax Planning
Tax Controversy Representation
Cost Segregation Analysis
Selection of Business Entity
Sale of a Business Interest

Income Tax Return Preparation

Our experienced professionals ensure that our clients comply with the complex and ever-changing tax laws while minimizing their tax burden. We accurately and efficiently prepare tax returns for corporations, partnerships and not-for-profit organizations, and we were one of the first accounting firms to be registered as an Electronic Returns Originator (ERO) in every state.

Federal Income Tax Planning

Our focus on closely held businesses has provided us with vast and varied experience in guiding business owners through the complex maze of federal and state tax laws. This, coupled with keeping current on new tax laws and legislation, puts us in a position to identify key tax planning opportunities that can reduce both current and future tax liabilities.

Our year-round approach to tax planning can help you make more informed financial decisions and increase your after-tax cash flows. Our professionals are available to consult with you on Federal tax matters including:

• Payroll and executive compensation strategies
• Employee benefits
• Dividend and distribution planning
• Structuring related party transactions
• Optimization of available tax credits
• Analysis and planning opportunities involving the "passive activity" and "at-risk" loss rules
• Alternative minimum tax (AMT)
• Evaluation and planning for personal holding companies
• Tax basis issues
• Evaluation of special tax matters related to limited and general partnerships, limited liability companies and partnerships, S corporations and C corporations
• Exempt organization application and tax issues
• Foreign tax strategies top

State and Local Tax Planning

Income, property, and sales and use taxes are the triangle of state taxes. We can be a valuable resource in dealing with the complexities inherent in state and local taxation, and have helped many clients avoid unpleasant surprises in these areas through identification of tax exposure and careful planning. We have experience in all areas pertaining to state and local taxes including:

• State income tax matters, including income apportionment

• Optimization of tax credits

• Property tax matters

• State nexus issues and multi-state tax planning

• Sales tax matters including:

• Registration

• Differentiating between taxable and non-taxable transactions
• Exemption and resale certificates
• Sales tax on casual or isolated sales and bulk sale provisions
• Voluntary compliance agreements
• Multi-state sales and use tax audits and audit appeal processes top
  

Tax Controversy Representation

When either the IRS or another taxing authority questions your returns, either through a tax notice or a formal examination, you want to be confident that the professional representing you has the experience and skill necessary to expeditiously deal with whatever might arise.

Our tax professionals have extensive experience in dealing with revenue agents on all levels and in advocating reasonable interpretations of tax laws on a multitude of tax issues.  They can also provide expert counseling when you need to negotiate matters such as offers in compromise, collections, installment agreements and penalty assessments. top

Cost Segregation Analysis

We can help you determine if tax benefits and improved cash flow can be gained by having an engineer accurately separate the costs of personal property from real property that has been built, purchased or inherited within the last five to seven years. By identifying and reclassifying the cost of personal property currently associated with real estate, the property may be eligible for accelerated depreciation over five to seven years, instead of the required straight-line method over 39 years for commercial real estate or 27.5 years for residential real estate. top

Selection of Business Entity

One of the key decisions a business owner makes is choosing the most appropriate legal form of doing business. Options include proprietorship, partnership, C corporation, S corporation, limited liability company (LLC) and limited liability partnership (LLP). Each type of entity has distinct tax and legal advantages and disadvantages, and making an inappropriate decision can be costly to remedy. We can assist you in selecting a legal form that is consistent with your business objectives. top

Sale of a Business Interest

When it comes time to sell a business or a business interest, we can help you identify and evaluate the opportunities and risks associated with transferring your business interest. We can also recommend appropriate strategies to reduce or defer taxes on these transactions. top

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