TAX PLANNING AND STRATEGIES
We provide a full range of federal and local tax service. Tax personnel provide highly competent professional assistance in the planning and preparation of tax returns for:
- Corporations
- Non-Profit Organizations
- S Corporations
- Partnerships
- Individuals
- Trusts and Estates
Continuing education on the changes in tax laws is required of our staff which means a close working relationship with local and regional IRS officials. Our knowledge of taxation aids clients in determining answers to important questions such as choosing a form of business, capitalization of the business and election of S status where appropriate.
Tax Tip
For Individuals:
MAXIMIZE EXEMPTIONS
If you support an elderly parent or other relative, you can claim an exemption for that family member if you provide more than 50% of his or her support, and that person’s gross income for the year (not including tax-free Social Security benefits, insurance proceeds, inheritances, or gifts) doesn’t exceed the personal exemption amount. Monitor the support you are providing near the end of the year if you believe you’ll be eligible for an exemption.
For Businesses:
GO GREEN AND SAVE
Make your commercial building more energy efficient. In 2007, businesses can make a special election to expense the costs of making such improvements to commercial buildings.The deduction is limited to $1.80 per square foot. Several requirements apply.
News & Updates
Tax Developments 2nd Quarter 2008
Jul-25-2008 | RIA
There were a number of important tax developments in the second quarter of 2008, and while the Farm Act and Military Act were the most important, many other developments.
Alla Kleis passes BEC
May-15-2008 | Marina Diner
Congratulations Alla on passing your third section of the CPA exam!
CONGRATULATIONS EMILY CAMPBELL!
Feb-29-2008 | Marina Diner
Emily Campbell passes final section of the CPA exam
Amanda Miller passes BEC
Feb-19-2008 | Marina Diner
Amanda Miller passes her second section of the Uniform CPA Examination