When you think of taxes, we bet you immediately think of tax returns! Tax returns record history, and accurate tax returns are important to report your previous year’s business operations to the IRS. We believe it is even more important to plan ahead and make sure you take advantage of opportunities within the tax laws to help you accomplish your strategic business plans. Here are some of the tax services we can provide to you.
Tax Planning
Planning is an essential element of the tax process. By making tax planning part of your overall business strategy, you can benefit from our experience and access to the most current information on the latest developments in tax laws. We are committed to helping you minimize both your current and future tax liabilities while maintaining a clear and constant focus on your operational and strategic goals.
MGI is a worldwide association of independent auditing, accounting and consulting firms. Neither MGI nor any member firm accepts responsibility for the activities, work, opinions or services of any other members.
Choosing the form of entity for your business (for example, “S” corporation, sole proprietorship, limited liability company, etc.) is a crucial decision that can have longstanding tax and liability implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type based on the nature of your business and industry so you can determine the most advantageous form of business for your company.
Tax Preparation
Tax laws are constantly changing. We can prepare your business income tax returns to accurately report the historical events of the previous year by complying with federal and state requirements. We communicate with our clients throughout the year to review and discuss possible planning strategies. With the constant flux in tax laws, we believe it is important for you to be aware of those tax changes that may impact your business.
The complexity inherent in income tax is compounded if you do business in foreign countries and other states. We evaluate applicable state income and excise tax laws as often such laws may not necessarily coincide with federal income tax statutes. It is critical to determine whether your business has “nexus”, and thus filing requirements, in other states.
In addition to our federal and state tax expertise, we can assist you with your international business ventures. Treaties between the United States and foreign countries need to be analyzed to ensure proper disclosures are made and to prevent potential double taxation. We are an active member of MGI, a worldwide association of independent auditing, accounting, and consulting firms. These resources allow us to effectively meet our clients’ international needs.
We are committed to helping you minimize both your current and future tax liabilities.
Planning is an essential element of the tax process.
Helping you succeed in a complex and changing world
