Tax Services
Offering a Full Range of Services to Best Serve Our Clients
Income tax compliance and audits of tax returns by various regulatory agencies are some of the most common and sensitive areas of our practice. The net tax calculation under both these services is probably a significant portion of your necessary "living" expenses. We are experienced in the areas of partnerships, corporations, trusts, estates and individual taxes. In addition, we prepare federal and state payroll reports, and sales and property tax statements. Whatever type of tax, our job is to figure the correct amount, according to the applicable statute, and help you minimize the tax to the extent allowed by law. We routinely receive continuing education regarding various state and federal tax issues and changes in the tax laws. Our tax library is extensive, so that any proposed or consummated transaction may be scrutinized for its federal and/or state implications.
Our tax department is experienced in the use of partnerships as a business entity or as an estate planning tool. We not only ascertain the compliance requirement for you, but we know the proper usage of partnerships in proper planning. The following entities are included in this heading:
- General Partnerships
- Limited Partnerships
- Family Limited Partnerships
- Limited Liability Companies
- Limited Liability Partnerships
Corporate compliance and planning is another area in which we serve our clients. The attributes that are distinctive to corporations make them an important form under which to operate a business. Not only do we provide routine compliance, planning and auditing services, but we help our clients in the making of decisions about reorganizations, mergers, acquisitions, and liquidations. With respect to closely held corporations, there is usually a need for proper planning between the corporation and its shareholder(s). The following are included in this heading:
- C-Corporations
- Consolidated or controlled groups of corporations
- S-Corporations
- Personal service corporations
- Homeowners' associations
- Professional corporations
Individual taxation is becoming more complex each year. Approximately one-half of our clientele are individuals requiring tax returns. We are most frequently approached for planning to reduce an individual's tax liability to the least amount allowed under current tax law. Some of our clients live outside the U.S. and in various parts of the country, and many of our clients have business concerns in multiple states. Each of these clients have federal and state taxation requirements. Many of our clients' tax needs are affected by external factors which we ascertain and evaluate to determine tax implications.
We also provide nonprofit tax compliance services. The following types of nonprofit organizations are included in this heading:
- Membership Organizations
- Charitable Trusts
- Homeowners Associations
- Schools and other Non-profit Organizations