Personal Tax Planning and Preparation
As part of our philosophy of service, our team—including our partners—actively engages with clients throughout the year and keep in close communication as to current developments to ensure a smooth process for the delivery of our service. With this approach, everyone is aware of important milestones over time, which greatly reduces the stress and rush at year-end that many people associate with tax preparation and processing.
We have depth of experience and a great track record for positive outcomes when representing our clients in federal, state, and international examinations. We can address your needs on a personal basis and respond specific to your unique circumstances, as every situation is different. Our team of professionals is equipped to personally address nearly any situation that arises on the client’s behalf, utilizing our internal protocol to represent clients in front of any jurisdiction, if needed.
All of this goes hand in hand with our philosophy of client service: we are mid-sized, more intimate, and provide the opportunity for direct interaction and counsel with our partners.
Areas of expertise beyond the typical compliance and planning services include:
- Gift and estate planning
- Education funding planning
- Retirement planning
- IRS and state examination representation
- Offer in compromise services
- Divorce structuring
- Debt management and restructuring
- The purchase and/or sale of business enterprises
- Change of state residency
- Mergers and acquisitions
Our firm possesses the right combination of compliance, consulting, and industry experience required to meet your business’s tax needs. We deliver beyond standard tax compliance services alone because we evaluate tax alternatives to help you make informed tax decisions. Our leading-edge tax preparation, research software, and tax analytical tools are the best in the business. With daily online updates of recent regulations and court decisions networked to our staff along with complete 50-state capabilities, we are qualified to address almost any conceivable tax issue or tax filing.
We work closely with our clients to ensure that they are in compliance with the ever-changing income tax laws while minimizing current and future tax liabilities. Our unique approach to tax preparation is an extension of our firm’s organizational structure, which is not segregated between audit and tax departments. This eliminates the need to deal with two separate groups of professionals and puts the onus on the accountants to obtain as much of the tax information as possible while performing fieldwork. The result is an efficient tax engagement with minimal disruptions to your staff.
Areas of expertise and planning that we perform for our business clients include:
- Federal, New York and multi-state tax credit services
- Structuring of transactions, such as like-kind exchanges, entity acquisitions, tax credit syndication, and intercompany pricing modeling
- Multi-state income and sales tax planning
- Business succession planning
- Executive compensation planning
- Cost segregation studies
- Due diligence relative to acquisitions and sales of business units
To obtain the maximum benefit from tax advisory services, planning must occur continuously throughout the year, so we emphasize periodic meetings with management in order to discuss new regulations, tax strategies, and planning ideas. This provides us an opportunity to timely plan for the minimization of your year-end tax liability and allows us to focus on what is important to you.
Our team of tax professionals understands the challenges faced by multinational organizations and individuals as governments and tax authorities continue to pursue new revenues on international activities. We are equipped to create cross-border tax solutions in many locations, including Canada, England, Australia, and many others.
Among many tax issues facing international trade, establishing transfer price policies ranks among the most important as it influences manufacturing, distribution, and the lending of capital. If uninformed, this can result in devastating unintended taxes and penalties. We have significant experience assisting clients with the development of intercompany pricing strategies to minimize worldwide taxes and meet the technical tax requirements of each jurisdiction.
Our experience assisting international taxpayers becoming compliant with U.S. filing requirements includes the application for acceptance into the IRS Offshore Voluntary Disclosure Program and Streamlined Filing Compliance Program. We also boast an excellent record of representing our clients before the Internal Revenue Service International Division.
New York & Multistate Tax
Utilizing state-of-the-art research technology and cutting-edge processing software, our firm can navigate the nuances specific to the most complicated present tax circumstances, including capabilities in all 50 states. As with the federal tax law, state legislative changes are constant and complex. Our knowledgeable tax professionals will assist you in this ever-changing environment. Whether you need New York tax services or have multistate residency or business activities, we are well versed in guiding taxpayers toward their objectives while maintaining compliance in a multistate tax environment. Our team’s expertise will minimize overall state tax obligations.
Some of the multistate practice areas that we offer services for include the following:
- Change in residency planning and representation
- Multistate sales tax planning
- Representation before state taxing authorities
- State gift and estate tax planning
- Multistate entity structuring
- State tax incentives and credits
Michael J. Dansa, CPA