Tax Savings

We provide strategic and effective tax planning so you are not paying more than you should.  As your CPA we want to do everything we can to give you well thought out tax advice in a plan that is implemented throughout the tax year and not when the tax return is prepared. We achieve this goal of saving you taxes by having in place our structured Intelligent Business Management (IBM) program, wealth management program, on-going client interaction and personalized understanding of your unique situation.

Over the years, we have saved our client’s hundreds of thousands of dollars in taxes by identifying and utilizing areas of the tax code sometimes missed by many tax and financial advisors. Some of the unique and often eligible tax benefits we employ for our clients include well designed retirement plans such as defined benefit and cash balance plans, 401k solo and companywide 401k/profit sharing plans, application of ROTH IRAs when the opportunity exists, non-deductible IRAs, and ROTH Conversions.

We also will take advantage of Donor Advised Funds in unison with a ROTH conversion and highly appreciated assets. This approach helps you to avoid capital gain, get a tax deduction for charitable giving, and potentially take advantage of a ROTH conversion to reduce lifetime taxes.

If you are thinking of selling your business, we can help to maximize the sale in the most tax efficient way. We will evaluate and consider maximizing the opportunity to net you the most after tax dollars either realized today or over time. We may implement strategies such as a Charitable Remainder Trust or installment sale techniques to take advantage of tax deferral and long-term capital gain rates.

The last strategy and often miss understood are tax credits and grants offered by the federal and state governments to promote and spur your business. Some of these special tax opportunities and incentives include:

R&D Tax Credit - A state and federal tax credit for making new or improved products, processes, techniques, formulas, designs, inventions and software.

  • Industries that qualify include:
    • Manufacturing (Heavy to Light) o Engineering o Architecture o Construction o Hi-Tech
    • Life Sciences/Biotech/Medical/Pharmaceutical o Agriculture o Food & Beverage o Software Design
    • Software Implementation (Any Industry) o Testing Labs
    • Many Others (Just ask us if you are unsure about the industry)
  • Saves U.S. businesses more than $12 Billion annually!

Tax Planning Services:

  • Strategic tax planning and small and midsized business
  • Tax planning for high-net-worth individuals
  • Implement entity structures and strategies for Entrepreneurs
  • Multi-state tax planning
  • Succession planning for business owners
  • Trust and estate planning.
  • Retirement planning and setup
  • Private Foundation planning and setup

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you. | 949 502 6700

Click to Schedule an Appointment