Tax Planning:
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.
We make it a priority to enhance our knowledge of current tax law by attending frequent continuing education courses. We also have access to research material for all IRS and state tax issues.
Our businesses and individual clients pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.
We recommend Tax Saving Strategies that help you:
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grow and preserve assets by keeping taxes low.
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defer income so you can keep your money now and pay less taxes later.
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reduce taxes on your estate so your family keeps more of what you've made.
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reduce taxes on your gifts so you can give more.
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reduce taxes on your investments so you can grow your wealth faster.
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reduce taxes on your retirement distributions so you can retire in style.
Here's just a few of the Tax Saving Strategies we may recommend:
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Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
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Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
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Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
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Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
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Use of tax credits and operating loss carrybacks
Remember, we work for you not for the government. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.
We provide Income tax planning for individuals who own small and medium size businesses. This includes S Corporations, LLCs, and C Corporations.
We also provide IRS and state tax representation. This includes tax collection assistance, where appropriate, such as installment agreements, innocent spouse filing, and offers in compromise.
Tax Preparation:
Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. Your tax return can be filed electronically so you will get a refund back quicker or pay your taxes via direct debit.
