Tax & Business

MINIMIZING YOUR RISK AND TAX BURDEN

Tax advisory services are invaluable to business owners. Taxation is complicated, but tax planning services can help you with a combination of knowledge, consultation, strategies, tools and technologies to minimize tax burdens and maintain compliance with tax reporting and payment obligations. Tax compliance keeps you on the right side of the law. From simpler tax returns for business executives to complicated business taxes returns that span cities, counties and state jurisdictions, you need help ensuring you’re paying the required taxes, no more and no less. By paying only the taxes you are legally obligated to pay, you can achieve financial goals faster.

Business Tax

Choice of entity planning/analysis
Compensation & benefits analysis
Cost segregation studies
Qualified business income deduction (Section 199A) application
Federal and state credits and incentives
Federal, state, and local tax planning
IRS, state income and sales tax audit representation

Individual Tax

Tax minimization
Self-employment planning
Business tax planning and preparation
Professional Athletes (Jock Tax)
Charitable, estate and gift planning
Representation before federal & state tax authorities
Multi-state planning and preparation

Estate, Trust & Gift Planning

Asset protection trusts
Charitable lead trusts
Charitable remainder trusts
Constructive trusts
Dynasty trusts
Generation-skipping trusts
Grantor retained annuity trusts
Intentionally defective income trusts
Irrevocable trusts
Life insurance trusts

Credits & Incentives

Alternative Fuel Vehicle Refueling Property Credit
Alternative Motor Vehicle Credit
Credit for Contributions to Selected Community Development Corporations
Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips
Credit for Increasing Research Activities
General Business Credit
New Markets Credit
Qualified Plug-in Electric and Electric Vehicle Credit
Qualified Railroad Track Maintenance Credit
Renewable Electricity, Refined Coal and Indian Coal Production Credit

Cost Segregation

A cost segregation study uncovers a building’s value by identifying the parts of a building that can be reclassified as personal property for tax reporting purposes. This study separates assets into several categories, including:

Personal Property
Land Improvements
Building Components
Land

Building components that are considered personal property or land improvements under the federal tax code often are subject to shorter depreciation periods, enabling owners to reduce current income taxes, improving cash flow.