Our firm takes a pro-active approach to tax service. By keeping current on new tax laws and legislation, we can identify tax planning opportunities that can minimize your tax liabilities. We offer tax services for the following types of entities:
·Partnerships and LLCs/LLPs
·Estates and Trusts
Tax planning is essential to the tax preparation process. We offer our tax planning services throughout the year to help minimize current and future tax liabilities.
REPRESENTATION BEFORE TAX AGENCIES
Through our years of experience in dealing with taxing authorities, we can ensure our clients of being properly represented before the various federal and state tax agencies.
Effective estate planning can provide for a surviving spouse and other beneficiaries while greatly reducing or eliminating the tax due on the transfer of assets. We can help you through the estate planning process and assist in getting your financial affairs in order. By keeping current on the changing estate tax laws, we take a pro-active approach to estate taxes through estate planning, and we can formulate a plan to meet your needs while eliminating or minimizing your estate taxes.
Maintaining reliable employee payroll information is an important and necessary function of business. We can assist you with your payroll administration. Our firm can also prepare all necessary payroll tax returns in a timely manner.
COMPILATIONS AND REVIEWS
Through financial reporting, we can provide insight for your company’s profitability. We provide two levels of assurance:
·Review limited assurance with some analytical procedures
·Compilations no assurance; based upon information provided by the client
ACCOUNTING SOFTWARE ASSISTANCE
As accounting professionals, we are familiar with most accounting software packages available for small businesses and individuals. We can help you choose and implement an accounting program that best fits your needs.
This list highlights the primary services that we provide. If you are interested in a service that you do not see listed, please inquire about the service.
Timber investments are unique compared with other types of holdings. The investment period can be long, there is a certain amount of risk involved, and there is some flexibility with the revenue recognition. Taxation associated with timber is equally unique and can be complex. Our firm understands timber taxation, and we strive to help our clients with timber holdings maximize their returns while minimizing their tax liabilities. We work closely with other CPAs and professionals in the timber industry to provide the highest quality service to our clients. We have been engaged by other CPAs to provide tax services to their clients with timber holdings. We work with foresters to coordinate their management plan with tax saving strategies. We know how to successfully interpret the timber tax laws in our client's favor. We currently file tax returns, including timber farms, for hundreds of taxpayers in 28 states. We have been extremely successful in defending our clients in examinations regarding their timber farms. Our staff has taught numerous seminars on the subject of timber farm taxation. We know the benefits of timber ownership, and we also know the important factors that have to be addressed when owning timber property. Decisions to consider include the following:
· Investment vs. Business
· 631(a) vs. 631(b)
· Active vs. Passive
· Profit Motive vs. Hobby
· Necessary vs. Unnecessary Expenses
· Unlimited vs. Limited Risk
· Reforestation Tax Incentives
· Conservation Easements
· IRC section 194