If you are someone who is new to the area, someone just getting started or just retired, you need look no further than our firm. Your needs are our concern. Do you have questions about college for your children or about retirement and care for yourselves or family members? We pride ourselves on the experience that has helped others, as well as, our own family members.
For the business owner, we offer an array of services including prospective business owners, start-ups or established businesses. We are also a small business owner.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
Tax Preparation & Planning for Individuals
All Federal and State income tax returns are filed electronically and Direct Deposit of refunds is recommended for your safety and convenience. We receive updates on a daily basis from both private tax services and the Internal Revenue Service.
Estate, Gift & Trust Administration and Tax Preparation
Estate and gift tax matters can affect everyone. A federal gift tax return may be required for anyone who has made gifts aggregating $14,000 to anyone during a calendar year. This includes the graduation gift, wedding gift and the new car.
By planning today, you can ease the way for your family and heirs during a very difficult time. Many of us have ignored the need for a power of attorney, medical powers and a will to provide for the future. We can work with your legal counsel to help you structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs.
Our firm is experienced in dealing with the problems involved the administration of estates. We have extensive experience the preparation of both Federal and State Inheritance and Estate Tax Returns.
We are available to handle all estate and trust tax-related matters.
Tax Preparation & Planning for Your Business
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.
As a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or restructuring your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.
Business Entity Selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Buying or Selling a Business
Few business decisions are more important, complex and potentially business altering than a buy or sell decision. When you are ready to sell your business, we can provide support at every step, including valuing the business, vetting potential buyers, and supporting due diligence. If a buying opportunity presents itself, we can help by providing valuation services, developing negotiation and financing strategies, and managing the due diligence process.
When a business is able to undertake strong financial analysis, it opens up new opportunities to improve management, planning and decision making. Financial analysis provides the numbers to support, reject or contemplate a course of action. Prospective analysis can show how situations may evolve under various scenarios, providing a new dimension to decision making. We are ready to provide this type of financial analysis to support the continued prosperity of your business.
Financial statements are an important tool for management decision making. Financial statements also represent your business to lenders, partners, potential buyers and other interested parties. We will work closely with your key personnel to develop and finalize accurate and timely financial statements.
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Management Advisory Services
Our Management Advisory Services focus on improving the efficiency and effectiveness of your business and its operations. We can provide support in business planning, mergers, acquisitions, and other advisory support. Contact our office to learn about the full range of services we provide.
Retirement planning is critical in these uncertain times. Whether you are developing a retirement plan for yourself or choosing a retirement plan to offer to your employees, we can help you evaluate the available options. Our focus is on helping you to make the choice that is most appropriate for your own financial situation. If you are choosing a retirement plan for your business, we will base our recommendations on the unique characteristics of your business and your employee population, as well as the legal and compliance issues related to each type of plan.