With the passing of each new Congressional tax act, it becomes more and more difficult for the average person to efficiently prepare their returns and take advantage of available credits and deductions. Though U.S. tax laws are complex and changing, there are tax preparation strategies that can ensure that individuals and business owners don’t pay more than is required or alternatively underpay and risk being audited.
Accounts International’s (AI’s) Strategic Tax Planning Advisory Service counsels individuals and business clients on individual/corporate tax planning, tax return preparation, and audit issues. Additionally, we advise clients about personal/business deductions, the timing of transactions, the proper form of business entity (Partnerships, C corporations, S corporations, LLCs), and the operation and administration of the tax aspects and reporting of business and capital transactions. Our clients include aggressive start-up companies, established closely held businesses, wealthy individuals, and family practices.
Planning is imperative for reducing your tax burden and ensuring full utilization of existing tax benefits. Comprehensive strategic tax planning works best when done an ongoing and continuous process rather than a hurried, reactive series of steps taken at the very end of the tax year. Planning is imperative because once the year ends, it is generally too late to go back and reverse a transaction with a tax implication.
Our process begins with a meeting between you and a member of our professional staff. We will discuss your current tax status, tax planning and preparation—including preparing for the potential tax consequences from your or your business’ activities—and developing effective tax preparation strategies based on your needs. Through our process of customized financial modeling we are able to prepare year-by-year tax projections, which aligning with your goals and objectives as well as mandates dictated by tax laws.
We will meet with you periodically throughout the tax year, instead of just the tax season, so that you stay informed of your projected tax situation and so we can address your issues and questions. Our tax accountants will also work with you throughout the year to look for savings that will help you to take advantage of tax laws that will minimize your tax burden.
During the tax season your return(s) will be professionally prepared. If the need arises and the IRS or other taxing authority contacts you regarding an issue, we are prepared to represent you so you can concentrate on your business and personal affairs.