Taxation
We provide small business owners and individuals with a seasoned team of professionals who handle all aspects of their tax preparation and filing. Our experienced CPAs, staff, partners, and skilled tax preparers have a keen eye for detail to ensure that all aspects of our taxation services are compliant with the most recent industry-specific laws. We promote compliance while minimizing liability for all our clients.
Corporate / Business Tax Services
Corporate entities are unique in their own right, with owners considered stakeholders and shareholders of the business. To ensure complete corporate tax return filing, our team offers accurate and clear reporting. We adhere to specific filing schedules guaranteeing that your business does not miss any deadlines.
Sole proprietorships can be challenging since running a growing company is a challenge, and the same goes for the required pass-through taxation. We work with you to handle all aspects of your small business taxes. We also help determine your business’s annual profits and losses, as well as file self-employment taxes, file deductions for a home office, and determine your quarterly estimated tax.
Partnership and Personal Returns
We handle both partnership and personal tax returns. However, filing tax returns for partnerships can be a lot more complicated, depending on the nature of the partnership. Since there are several types of partnerships, including limited, Limited Liability Partnerships, and general partnerships, each one’s approach is different.
Filing tax returns for an LLC that has multiple members is not very different from a partnership. However, two primary steps need to be followed:
- The first being that the partnership needs to file tax returns and report its distributions and income.
- Each partner is required to report their share of income or their losses on the returns.
Tax Planning
Tax planning is one of the keys to successfully and legally reducing your business’s tax liability. Our service goes beyond just tax compliance and recommends tax saving strategies to maximize your income after tax.
Our staff and partners stay abreast of all present tax laws, new tax regulations, and complex tax code by attending tax seminars. That’s why our clients tend to pay the least amount of taxes allowed by law, and we are consistently looking for ways to minimize your taxes throughout the year and not only at the time of filing.
Tax Research
We work closely with a team of professional tax research experts who are consistently working on behalf of our clients to help them get the best deal. The key to minimizing your annual tax payments is knowledge of the industry and the latest IRS regulations pertaining to the industry. Our tax research ensures that we are always one step ahead, which is why our clients pay the least amount of tax legally.
Joey N. Friedman, CPA, ABV, M.Acc, MIB