Tax Services
We assist our tax clients through efficient compliance and effective planning to help them realize substantial savings. We use a team approach and focus on timely communication to provide our clients with excellent service. Tax partner and specialist involvement ensure that our clients receive the most experienced technical expertise we have to offer.
Listed below are the tax services we offer:
- Federal and State Business Tax Services
- Tax Return Compliance
- We prepare federal and state tax returns, which is at the core of our tax services. High-levels of technical and industry specific expertise allow our tax professionals to ensure our clients’ tax returns are prepared efficiently and timely.
- Transactional Structuring
- We help businesses structure economic transactions in ways that minimize the tax impact by advising them on acquisitions, sales and mergers.
- We help businesses structure economic transactions in ways that minimize the tax impact by advising them on acquisitions, sales and mergers.
- Accounting Method Reviews
- We review businesses’ tax accounting methodologies for proper accounting and accounting method strategies to maximize income tax benefits.
- We review businesses’ tax accounting methodologies for proper accounting and accounting method strategies to maximize income tax benefits.
- Research Credit Calculations
- We can help your business determine if it is eligible to claim certain federal and state research credits, assist with the documentation requirements and quantify the amount of the tax credit.
- We can help your business determine if it is eligible to claim certain federal and state research credits, assist with the documentation requirements and quantify the amount of the tax credit.
- Real Estate Cost Segregation Studies
- We have proven cost segregation strategies that can be used to accelerate real estate tax depreciation deductions for businesses. This results in a deferral of taxes which in turn increases cash flow.
- We have proven cost segregation strategies that can be used to accelerate real estate tax depreciation deductions for businesses. This results in a deferral of taxes which in turn increases cash flow.
- Audit & Appeal Representation
- We possess the expertise and experience to represent taxpayers before tax authorities. Our tax professionals understand the dispute resolution and appeals process and work diligently to obtain you the most favorable results.
- We possess the expertise and experience to represent taxpayers before tax authorities. Our tax professionals understand the dispute resolution and appeals process and work diligently to obtain you the most favorable results.
- Tax Return Compliance
- State and Local Tax Services
- Nexus Consulting and State Tax Liability Analysis
- We can help you understand and navigate where your business is required to file and pay state and local taxes based on multistate activities. Additionally, we will make recommendations of where to file and quantify potential tax liabilities associated with various state and local jurisdictions.
- We can help you understand and navigate where your business is required to file and pay state and local taxes based on multistate activities. Additionally, we will make recommendations of where to file and quantify potential tax liabilities associated with various state and local jurisdictions.
- Sales and Use Tax Determination
- We can assist you to understand the sales and use tax consequences of specific transactions and ensure you meet any filing requirement.
- We can assist you to understand the sales and use tax consequences of specific transactions and ensure you meet any filing requirement.
- Nexus Consulting and State Tax Liability Analysis
- Tax Planning Services
- Federal Income Tax Planning
- We aid businesses with all aspects of federal income tax planning. This includes implementing federal income tax strategies that maximize savings, increase profits and manage cash flows.
- We aid businesses with all aspects of federal income tax planning. This includes implementing federal income tax strategies that maximize savings, increase profits and manage cash flows.
- State and Local Tax Planning
- We understand the structural and transactional underpinnings of state and local regulations in ways that allow us to create solutions that mitigate tax liabilities. We provide state and local tax planning in the following areas:
- Income tax
- Franchise tax
- Sales and use tax
- Property tax
- Other miscellaneous taxes
- We understand the structural and transactional underpinnings of state and local regulations in ways that allow us to create solutions that mitigate tax liabilities. We provide state and local tax planning in the following areas:
- Business Succession Tax Planning
- We advise businesses on the proper succession planning to preserve your family and business legacy while also looking out for potential tax consequences that may result.
- We advise businesses on the proper succession planning to preserve your family and business legacy while also looking out for potential tax consequences that may result.
- Federal Income Tax Planning
- Other Tax Services
- Accounting for Income Taxes
- Financial accounting for income taxes can be complex. Our professionals have the technical skills and experience to help our clients navigate through these complex requirements and create efficient income tax accounting and reporting. We also help companies stay up-to-date with regulatory guidance and disclosure requirements. The services we offer allow our clients to minimize year-end surprises and reduce risk related to reporting. These services include:
- Calculation of tax provisions
- Account for uncertain tax positions
- Analyze current and deferred taxes
- Prepare financial statement footnote disclosures
- Financial accounting for income taxes can be complex. Our professionals have the technical skills and experience to help our clients navigate through these complex requirements and create efficient income tax accounting and reporting. We also help companies stay up-to-date with regulatory guidance and disclosure requirements. The services we offer allow our clients to minimize year-end surprises and reduce risk related to reporting. These services include:
- Tax Updates
- We keep our clients up-to-date on the latest federal and state tax issues through webinars, newsletters, website postings and face-face to meetings. By staying ahead of tax issues, we can communicate how they will impact your operations quickly and address them in a timely manner.
- We keep our clients up-to-date on the latest federal and state tax issues through webinars, newsletters, website postings and face-face to meetings. By staying ahead of tax issues, we can communicate how they will impact your operations quickly and address them in a timely manner.
- Individual Tax Services
- We stay on top of changes within the individual tax realm, so we can provide you with the best advice and strategies, especially through planning opportunities. We believe in focusing on your long-term financial goals and steering your current needs in a direction to meet them.
- We stay on top of changes within the individual tax realm, so we can provide you with the best advice and strategies, especially through planning opportunities. We believe in focusing on your long-term financial goals and steering your current needs in a direction to meet them.
- Estate and Trust Tax Services
- We help individuals plan their estate to ensure the wealth they worked their entire life to build will be distributed according to their wishes . Estate planning is crucial if an individual wants to minimize taxes and distribute as much as possible to preferred beneficiaries. Our team can assist you by performing the following:
- Review wills and trust instruments
- Estimate estate taxes and strategize alternatives that may provide tax savings
- Review business issues including valuation and the transfer and/or disposition of business interests
- Identify potential liquidity problems caused by federal and state estate taxes for the continued operation of the family business, probate, administration costs, etc.
- Develop a lifetime gifting program using vehicles such as family limited partnerships, charitable trusts and qualified personal residence trusts
- Prepare estate, gift, fiduciary and non-profit tax returns
- Provide advice on the possible use of various trusts structures including charitable remainder trusts, grantor annuity trusts, personal residence trusts, family partnerships, credit shelter trusts, marital deduction trusts and revocable lifetime trusts
- We help individuals plan their estate to ensure the wealth they worked their entire life to build will be distributed according to their wishes . Estate planning is crucial if an individual wants to minimize taxes and distribute as much as possible to preferred beneficiaries. Our team can assist you by performing the following:
- Accounting for Income Taxes
Consulting Services
At Tax Advisory Group, our business is to know and understand your financial situation. We offer services beyond compliance and combine our experience, expertise and knowledge to add value as a trusted advisor to your financial situation.
We offer the following consulting services:
- Financial Processes
- Every organization can benefit from being introspective, skeptical and analytical regarding their finances. We work with organizations to develop the predictive capabilities necessary to adapt to rapid changes and outperform their peers. Specifically, we can help you with:
- Driving growth from new markets and opportunities.
- Enhance cash management through working capital optimization and better capital allocation.
- Improve finance operations by focusing on operational effectiveness, financial analytics as well as budgeting and forecasting.
- Enable efficient regulatory compliance.
- Effectively manage risk by identifying sources and improvements to mitigate high risk areas.
- Every organization can benefit from being introspective, skeptical and analytical regarding their finances. We work with organizations to develop the predictive capabilities necessary to adapt to rapid changes and outperform their peers. Specifically, we can help you with:
- Business Valuation
- Business valuations enable you to accurately determine the value of a business and its components. It is essential that you know what a business is worth whether you are buying, selling, involved in litigation or planning your estate. Our highly trained and experienced professionals work with attorneys, other accountants and financial institutions to ensure you are represented fairly. Our business valuation team is comprised of Certified Valuation Analysts (CVA), Accredited Senior Appraisers (ASA) and accountants Accredited in Business Valuation (ABV). Additionally, they are experienced in testifying in both Federal and State courts.
- Here is a complete list of business valuation services we provide:
- Litigation
- Marital dissolution
- Partner or shareholder dissolution
- Economic damages or bankruptcy
- Financial Reporting
- Purchase price allocation
- Asset impairment testing
- Intellectual property valuations
- Business Planning
- Buy and sell agreements
- Purchases or sale of a business
- General business planning
- Estate Fiduciaries
- Assist with the sale of hard assets
- Assist with negotiating private sales of intangibles
- Develop causes of action to recover assets
- Distribute estate assets to creditors on the basis of priority ranking
- Litigation
- Business valuations enable you to accurately determine the value of a business and its components. It is essential that you know what a business is worth whether you are buying, selling, involved in litigation or planning your estate. Our highly trained and experienced professionals work with attorneys, other accountants and financial institutions to ensure you are represented fairly. Our business valuation team is comprised of Certified Valuation Analysts (CVA), Accredited Senior Appraisers (ASA) and accountants Accredited in Business Valuation (ABV). Additionally, they are experienced in testifying in both Federal and State courts.
