Tax
Tax Services for Businesses, Individuals and Nonprofit Organizations
Tax Planning and Consulting
We offer consultation on a broad array of tax matters. In our role as your advocate, our goal is to assist in selecting the best alternatives from the host of viable tax strategies. Some of our services include:
- Federal and state tax minimization strategies
- Entity selection
- Transaction strategies
- Compensation planning
- Estate and gift tax planning
- Multi-state planning
Tax Compliance
We have the tools and expertise to prepare virtually any tax return, and most can be filed electronically with the taxing authorities. Tax compliance services include the preparation of both federal and state returns for:
- Partnerships
- Corporations
- Limited liability companies
- Individuals
- Estates, gifts and trusts
- Non-profit organizations
Electronic Filing
Our web-based Private Folders allow you to securely access drafts of tax returns in order to review them prior to e-filing. In addition to fast delivery, this method of transmission is more secure than email or faxing.
Audit Support
Taxing authorities, such as Internal Revenue Service, are now auditing more returns than in previous years. All signs indicate this trend will continue. We provide you audit support, should your return be selected for examination.
Recent Tax News
Substantiating business expenses: A primer
Nov 16, 2023 | Accounting, Businesses, Consulting, Tax
Businesses can generally deduct their "ordinary and necessary" business expenses. But even if an expense is legitimate, it's not deductible unless it's adequately substantiated. Typically, substantiation requires proof of payment and evidence showing the character...
How to maintain cash flow in a volatile economy
Oct 13, 2023 | Accounting, Auditing, Businesses, Consulting, Tax
Most business owners know that sustaining a steady cash flow through the ups and downs of economic cycles is key to a business's long-term success. But when you're coping with an unpredictable economy and the many complexities of running a business, it's easy to...
Are college scholarships and grants taxable?
Sep 7, 2023 | Accounting, Consulting, Individuals, Tax
With students headed back to campus, college finances are on the minds of many parents. This includes parents of students who have received scholarships and grants. Obviously, these funds help relieve some of the burden of paying for college. But you might be...
Stay on track with your college savings plans
May 21, 2023 | Individuals, Tax
The COVID-19 pandemic has affected families’ finances in many ways. One negative impact for some families has been a disruption in their well-laid college savings plans. The economic crush of the pandemic may have put saving for your child’s college education on the...
How to manage taxes in retirement
May 13, 2023 | Consulting, Individuals, Tax
Good for you! You're planning and saving money for a financially secure retirement. But don't neglect the one factor that could make an important difference: the impact of taxes on retirement finances.Many retirees don't consider how taxes will affect their...
Crafting a buy-sell agreement
May 21, 2021 | Businesses, Consulting, Tax
Most companies with more than one owner should have a buy-sell agreement in place. Here are some of the key considerations involved in developing this legal document. BENEFITS TO REAP A well-designed buy-sell agreement provides many benefits, including: • Keeping...