Tax Consulting
INDIVIDUAL TAX PLANNING
Clients come to us for a variety of reasons, but they share a common goal: to minimize their tax liability. One of the best ways to pay less in taxes is through strategic year-round tax planning.
Our firm offers tax planning services for individuals that are designed to minimize liabilities and maximize after-tax income while maintaining full compliance with tax laws. Our highly-personalized approach takes into account each client’s circumstances and challenges. This allows us to develop and recommend pro-active tax-saving strategies that are tailored to their unique situation.
We are dedicated to keeping current with tax law, tax codes and complex regulations. So whether your goal is to defer income to keep more money now and pay less taxes later, or reduce taxes on your income, your estate, or your investments, we can advise you of the best possible strategies to help you save money, support your family, and grow your wealth – not just during tax season, but all year long.
BUSINESS TAX PLANNING
Planning ahead is a critical aspect of managing a successful business. Yet despite the fact that it may be their single biggest asset, many business owners fail to plan for their company’s tax liability.
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We understand that a heavy tax burden can negatively impact your company’s cash flow. As an experienced and trusted business advisor, our goal is to help reduce your tax liability and free capital to re-invest in your business or take advantage of opportunities for future growth.
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Tax planning is a year-round activity, so we continually look for ways to minimize your taxes month after month, not just at the end of the year. We are fully versed in the intricate and rapidly changing federal and state tax laws that affect businesses large and small. By ensuring that you calculate your income accurately, take advantage of all the deductions available, and meet your payment obligations on time, we help you maintain the financial health of your business.
TAX PLANNING FOR START-UPS
Starting a business can be exciting and overwhelming. There are countless issues to be addressed, from developing a business plan and securing working capital to purchasing inventory and setting up new offices or manufacturing facilities.
Choosing the legal structure for your company is one of the first and most important decisions you will make. It is not something to be entered into without seeking expert advice from a professional who can help you determine which entity is best suited to your business.
We understand the tax and compliance realities surrounding each type of business entity, and advise and educate start-ups of all sizes on which structure offers the maximum advantages in terms of tax liabilities and legal exposure. Whether you are considering a sole proprietorship, partnership, LLC, LLP, C-corporation or S-corporation, we help position you for success by choosing the ideal business structure. We also handle all of the necessary paperwork, including incorporations, LLC formations, applying for corporation status, and preparing and filing the application for your Federal Employer Identification Number as well as all required state and local licenses and permits.
TAX PLANNING FOR CHARITABLE GIVING
While charitable giving is never been solely motivated by tax deductions, these deductions have long been an important part of the planning process for many taxpayers. However, the Tax Cut Jobs Act of 2017 has significantly changed the landscape for charitable giving.
Among the changes implemented by the new legislation are an increase in the standard deduction taxpayers can claim on their income tax returns without itemizing; a cap on state and local tax deductions; and the elimination of many deductions for individuals.
The IRS rules covering income tax deductions for charitable contributions are always complex and constantly changing. Now more than ever, it takes careful and creative planning to maximize both the tax and non-tax benefits of charitable donations. Combining our expert knowledge of current tax regulations with an in-depth understanding of the specific objectives of each donor, we help clients utilize the best possible tools and techniques to achieve their giving goals, no matter how small or large the donation.