Tax Planning and Strategy You Can Rely On

Our firm specializes in retirement and tax strategy and planning services for individuals and small businesses, with a particular focus on helping small businesses grow and succeed. We provide comprehensive tax planning, offering detailed comparisons and analysis to optimize tax efficiency and ensure long-term financial success for both individuals and businesses.

Consulting Services

Business Start-up

Starting a new business can be a confusing process. New owners will have a myriad of questions including:

What type of entity should I use?
Should I incorporate or become an LLC?
What do I need to know about hiring employees and paying payroll tax?
How do I handle sales tax?
What licenses are needed to operate?

We will help you sort through these issues so you can get your business operational - while avoiding potential tax traps. If you decide to incorporate or form an LLC, we will prepare all of the documents that you need to be fully compliant with the state and city authorities.

Business Planning

Once your business is up and running, even more questions arise including:

I need a new vehicle for my business - should I lease or buy?
How should it be titled - in the business name or in mine?
Is the person working for me an employee or an independent contractor?
Do I need to get a loan?

As a small business owner, you will always be facing challenges. We encourage our clients to call and ask us for advice about how to structure transactions. We are here to answer your questions and often times save you time and money.

Disposition of your Business

You've worked hard to build a successful business - now it's time to sell it or pass it to your children. We will make sure Uncle Sam doesn’t take all of your hard earned dollars! It is very important to take the right steps and we can help you plan the sale or transfer of your business to minimize your tax burden.

Industries

Our specialized knowledge has helped many professionals thrive, and we're ready to help you too.

Constructions
Dentists
Healthcare Providers
Restaurants
Gas Stations
Law Firms
Manufacturers
Real Estate Professionals
Farms

Expert Insights for Smart Planning

Tax Depreciation and Expensing

Interest Expense Deduction Limitations

Research & Experimentation Tax Credit

With changes in tax law, it's crucial for businesses to navigate how to depreciate assets or expense them under Section 179. The IRS has revised limits, and tax planning can help optimize deductions for capital expenditures

Research & Experimentation Tax Credit

Interest Expense Deduction Limitations

Research & Experimentation Tax Credit

Businesses investing in innovative projects can benefit from enhanced tax credits for research and development. Keeping abreast of these provisions, especially as IRS rules evolve, is essential for companies looking to reduce tax burdens

Interest Expense Deduction Limitations

The TCJA introduced limitations on the deductibility of business interest expenses. Understanding how these limitations apply, particularly for businesses with high debt loads, can be key to minimizing taxable income

Tax Implications of Business Losses

Independent Contractor vs. Employee Classification

Businesses experiencing financial setbacks need to be aware of how tax laws allow them to carry forward losses to offset future profits. Additionally, knowing the interaction with carrybacks and carryforwards can help reduce future tax liability

Independent Contractor vs. Employee Classification

Properly classifying workers as employees or independent contractors is vital for tax compliance. The IRS has tightened enforcement, and improper classification can result in severe penalties. Keeping up with IRS guidelines and court rulings is crucial

Section 199A Qualified Business Income Deduction

Independent Contractor vs. Employee Classification

Section 199A Qualified Business Income Deduction

The Section 199A deduction allows pass-through entities to deduct a percentage of their qualified business income, but this benefit has many nuances. Understanding eligibility requirements and limits for this deduction is critical for tax savings

Changes to Pass-Through Entity Taxation

Tax strategies for pass-through entities (S corporations, partnerships) continue to evolve. Business owners should understand the implications of changes, including how owners' salaries, distributions, and deductions are taxed under the current law

State and Local Tax (SALT) Issues

Changes to Pass-Through Entity Taxation

High-income businesses should be aware of state-specific tax rules, especially SALT limitations and credits. Multistate operations need careful planning to avoid overpayment due to different taxation models in each state

Impact of the IRS’s Increased Enforcement

With the IRS focusing on high-net-worth individuals and complex business structures, businesses need to be vigilant about compliance. Strengthening documentation and ensuring audit-readiness has become even more important

Tax Impact of Mergers and Acquisitions

Impact of the IRS’s Increased Enforcement

When businesses are involved in mergers, acquisitions, or restructurings, understanding the tax implications of deal structuring is critical. Tax experts can guide businesses on how to minimize taxable gains and ensure the transaction aligns with the latest tax strategies

Tax Planning and Strategy You Can Rely On

Consulting Services

Industries

Expert Insights for Smart Planning

Tax Depreciation and Expensing

Interest Expense Deduction Limitations

Research & Experimentation Tax Credit

Research & Experimentation Tax Credit

Interest Expense Deduction Limitations

Research & Experimentation Tax Credit

Interest Expense Deduction Limitations

Interest Expense Deduction Limitations

Interest Expense Deduction Limitations

Tax Implications of Business Losses

Independent Contractor vs. Employee Classification

Independent Contractor vs. Employee Classification

Independent Contractor vs. Employee Classification

Independent Contractor vs. Employee Classification

Independent Contractor vs. Employee Classification

Section 199A Qualified Business Income Deduction

Independent Contractor vs. Employee Classification

Section 199A Qualified Business Income Deduction

Changes to Pass-Through Entity Taxation

Changes to Pass-Through Entity Taxation

Changes to Pass-Through Entity Taxation

State and Local Tax (SALT) Issues

Changes to Pass-Through Entity Taxation

Changes to Pass-Through Entity Taxation

Impact of the IRS’s Increased Enforcement

Impact of the IRS’s Increased Enforcement

Impact of the IRS’s Increased Enforcement

Tax Impact of Mergers and Acquisitions

Impact of the IRS’s Increased Enforcement

Impact of the IRS’s Increased Enforcement

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