Here, we help develop and implement strategies that enable a client, especially a businesses and high income individuals to eliminate, minimize or defer tax liability. This is done in consideration of the overall economic results of a proposed transaction or plan. Using analysis forecasting, we identify significant events in a client’s life that have federal tax consequences and recommend effective strategies to help reduce tax liability.
To determine the proper tax liability, the taxpayer must claim the appropriate filing status, elect the available exemptions, or deductions and comply with the necessary filing requirements. We keep this in mind when filing tax returns for C-Corps, S-Corps, Partnerships, Limited liability companies, Sole proprietors and individuals.