Tax

Tax compliance is not limited to annual year-end filings with governments; individuals and businesses can be subject to other important taxes that they are not even aware of. Here's what we can help with:

• Federal income
• State franchise and excise
• Payroll
• Retirement plan
• State and local income
• State sales and use
• Estate and trust
• Non-profit and private foundations

Whether your company is structured as an IRS C-Corp, S-Corp, Partnership, Limited Liability Company, or Family Limited Partnership, we can assist you with:

• Financial income tax reporting, planning, and preparation
• Tax credit and incentive planning
• Merger and acquisition support
• Choice of entity and entity conversions
• Tax sharing agreements
• Consolidated tax returns
• S-corp stock basis

We work with you to identify how foreign and domestic tax laws will impact income, assess repatriation strategies, and analyze foreign and domestic investment opportunities.  Our services include:

• Cross-border tax concerns
• Foreign tax credit planning
• International tax planning and compliance
• US and foreign investment structuring
• FBAR & FACTS compliance
• Income repatriation
• Transfer pricing issues
• Review of tax accounting methods

Estates and trusts are intended to protect the assets of everyone from everyday individuals and families to the high-wealth individuals and families. While proper estate and trust planning significantly reduces stress, the associated tax and accounting requirements may be beyond what you are comfortable or happy doing. Here's what we can do for you:

• Estate and trust administration - This includes collecting assets, ensuring necessary income and estate taxes are filed, and preparing accountings to beneficiaries.
• Preparation of estate, gift, and trust income tax returns
• Tax-free gifting opportunities
• Estate and trust planning - This includes Section 645 elections, intentionally defective irrevocable trusts, state considerations, and irrevocable life insurance trusts and "Crummey" letters.
• Tax-efficient wealth transfers
• Postmortem estate, income, and inheritance tax planning - This includes developing strategies to carry out the decedent's estate plan, minimizing tax liability, and addressing circumstances not considered during their lifetime.
• Determining deductibility of estate-related expenses using Form 706 and 1041
• Family limited partnerships - Created to retain a family’s business interest, real estate, publicly traded or privately held securities, and other assets.

For many business owners, there is an intimate connection between corporate and personal tax matters. To prevent overpaying in taxes, it’s essential to work with an accounting firm that has the expertise and resources to successfully manage both sides of the tax equation. Here's what we can help you with:

• Income tax planning and compliance
• IRS and status audit representation
• Preparation of federal and state returns
• Management of audits by tax authorities

We help minimize state and local tax liabilities for companies with multi-state operations and single-state operations. Our firm works with dozens of companies to limit exposure, reduce risk, and, when necessary, represent them to state tax authorities.

State nexus review

• Determination of whether and where your business established a taxable presence (physical or otherwise) for income and franchise tax purposes, and sales and use tax purposes
• Exposure quantification and assistance with any voluntary disclosure agreement or amnesty negotiations
• Nexus planning and situs planning for potential tax savings opportunities

Income/franchise taxes, gross receipt taxes, and other miscellaneous taxes

• Preparation of state and local tax returns, and state/locality-specific tax planning
• State sourcing methodology and apportionment review
• Effective tax rate planning
• Filing options and election planning
• Tax-efficient legal entity structure planning
• Review of any other miscellaneous taxes required by state or local law

Sales and use tax

• Compliance process improvement and automation
• Taxability research and preparation of taxability matrix
• Resale/exemption certificate review
• Reverse audits (refund reviews of overpaid tax liabilities)

Property Tax

• Personal property return preparation, reconciliation, and filing
• Review fixed asset data to ensure compliance with Tangible Property Regulations
• Review fixed asset additions each year for property under the de minimis safe harbor amount of $2,500 to ensure proper reporting of personal property at the state and local levels
• Assessment notice procurement and processing
• Accrual budgeting and forecasting
• Tax calendar management and tax bill processing

Real Estate Tax

• Fair market value and uniformity analysis
• Appeal consultation services
• Appeal administration and negotiation
• State and local market data research

Unclaimed property

• Compliance process improvement and automation
• Assist with filing requirements and due diligence efforts
• Review of business processes and recommendations regarding how to address and mitigate unclaimed property risks

Business incentives and tax credits

• Identify potential state and local tax credits and incentives such as R&D tax credit, job and training credits, and the Work Opportunity Tax Credit (WOTC)
• Eligibility review and establishment of a system to maintain compliance
• Assist in evaluations of site selection for optimal tax advantages

State registration and annual reports

• Assistance regarding state registrations in order to legally conduct business
• Assistance regarding state registrations for tax purposes (such as for sales and use tax purposes and for withholding tax purposes)
• Maintain annual report filing calendar

Employment tax

• Employment tax compliance reviews
• Federal and state employment tax planning
• Employment tax reconciliations

Tax controversy

• Assist in handling tax examinations, disputes, and appeals

Transaction planning and M&A due diligence

• Assess impact of potential transactional decisions for state and local tax positions including tax attributes, apportionment factors, and filing methodologies
• Assist in developing tax-efficient strategies to help manage overall state and local tax liability

It is essential to be prepared with a strategic tax plan to ensure when an important business transaction or life event occurs that you are in the best tax position possible. In other words, a tax plan is essential because it ensures after-tax profits can be maximized and personal wealth protected.

For businesses

• Year-round business tax planning
• Proactive analysis to identify tax savings opportunities
• Entity selection and restructuring
• S corporation, partnership, cooperate planning
• Qualified business income (QBI) tax advice
• Tax projections
• Compliance with federal, state, and local tax laws
• Multi-state tax planning and consulting
• Mergers, acquisitions, and liquidations
• Sale of business

For individuals

• Year-round tax planning
• Proactive analysis to identify tax savings opportunities
• Tax projections
• Fixed asset management
• Retirement planning
• Estate planning and charitable giving strategies
• Assistance with stock options, restricted stock units (RSU), and other stock compensation
• Education expense planning

When dealing with the IRS and other regulatory agencies it can be scary. We provide clients with representation before the IRS with the highest level of service possible. Whether you are facing an audit for the first time or are dealing with an ongoing issue, we can help.

• 100% penalty assessment
• Collection procedures
• Payroll taxes
• Individual income taxes
• Installment payment plans
• Offers in compromise
• Appeals procedures
• Corporate income taxes
• Forms 433-a & 433-b preparation
• Innocent spouse relief
• IRS liens and levies