Income Tax Services

• Tax Reporting

Most individuals and entities must file some sort of tax return. We prepare tax returns for individuals, partnerships, S corporations, C corporations, estates, trusts and nonprofit organizations.

While the first four months of the year are busy with tax reporting, it is also important to consider tax planning opportunities. This is where we can provide a valuable service to our clients. We want to be proactive with tax planning advice.

• Tax Planning

You can't take advantage of income tax breaks if you don't know where you stand and what is available. Tax planning allows you to be proactive rather than reactive to your tax situation.

We can provide normal year-end tax planning and also planning for a major or unusual transaction. It seems like there is almost always something you can do to lower your tax bill.

Routine year-end tax planning typically takes place during the last quarter of the year. It should be performed late enough in the year to be meaningful, but far enough in advance that any planning recommendations can be implemented before the end of the year.

Planning for a major or unusual transaction should be done well in advance of the transaction so that it can be structured in the most tax effective manner possible. Examples of this type of transaction would include the sale or purchase of business or investment assets, divorce, etc.

Contact us to see how we can assist you with your tax reporting and tax planning needs.