TAX SERVICES:
Preparations:
Sound tax advice is crucial to your financial well-being, which is why our tax services remain our core competency. Our tax services include corporations, pass-through entities, estates & trusts, individual income tax returns, personal property, sales & use, and tax compliance and tax planning.
No matter your financial status, whether you are a W2 earner, self-employed, have multiple small businesses, are real estate investors, or run a high-network business - you must pay your fair share of these burdens - taxes. Keeping your hard-earned income in mind, we carefully prepare income tax returns. Our top priority is for you to keep most of your earnings.
Our team is available year-round to assist you. As your tax consultants, we're committed to helping you keep more of your income and answering your questions. Our goal is to provide you with all the information you need to make the best tax-saving decisions throughout the year.
Tax Planning
Tax plans consist of legal ways to reduce tax liabilities. It necessitates a good understanding of your tax situation and the tax laws you’re governed by. Furthermore, these plans require projections of business and personal tax liabilities for the upcoming tax year. With our experienced CPA, you can project your next tax year based on your present and previous tax situation. There are few things that cause more headaches than realizing you missed out on valuable tax savings while running a business. Moreover, you had to pay an unexpected tax bill. In our day-to-day work, we assist businesses and individuals in reducing their tax liability and managing their tax expenditures. By working with us, you will be able to minimize your tax burden while staying in compliance.
The benefits of proactive and innovative tax planning include reducing your tax liabilities and deferring current and future taxes. Cash positions can be maximized with the right tax planning strategies.
IRS Representation
You've already heard how stressful it can be to get a letter from the IRS. It is our pleasure to assist you. Along with untangling IRS issues, we'll communicate with them directly. You can trust us with your IRS matter. Neither will you have to worry about saying the wrong thing, nor will you have to worry about your rights. You can count on us to help you come up with a fair deal that reflects your best interests.
Credits & Incentives
It's not all liabilities in taxation, and we want our clients to take advantage of all their credit and incentive opportunities. We are actively searching for opportunities and credits that will benefit our clients not just with information but with full understanding of the benefits as well. Moreover, we provide attentive service and updates. Using our expertise and resources, we can assist you in locating and securing tax credits at federal, state, and local levels.
Fixed Assets Analysis
Property and equipment could be the biggest investments for businesses and individuals. Their carrying values could be different for tax and financial reporting purposes. Acquisitions, transfers, and dispositions have different tax implications. And tax laws on writing off or depreciating these business assets change frequently, but we are here to make sure that transactions are recorded properly.
We will make sure that you are taking advantage of current law provisions in writing off these fixed assets to lower your tax liabilities. If you are planning to sell your business assets and wanted to postpone paying taxes on the capital gains with the help of a 3rd party intermediary, we can make this happen, using like-kind-exchange or Section 1031 exchange.