Serving High Net Worth Individuals and Families
Helping you and your family grow and protect your wealth
We admire your ability to create wealth by working hard and mastering your craft. We also understand how important it is to keep what you’ve worked hard to earn. That’s why we’ve become experts at helping you minimize tax liability and safeguard your money.
Our extensive experience in tax planning and compliance helps you efficiently manage your tax situation. Our wealth management services enable you to define, explore, and maintain a financial retirement plan tailor-made for your needs. We believe our job is much bigger than just filing your tax returns. Our purpose is to give you the freedom to focus your time on what’s most important to you.
Tax reform ushered in some significant changes for individual payers and put many of the new provisions on a deadline. The opportunity to exclude more property, such as cash, stock, or real estate, from federal gift and estate taxes is one of those benefits scheduled to sunset after 2025.
Relocating to a no or lower-tax state
Exploring options on where to live and work is becoming less fantastical as remote working goes mainstream, and the exercise is bringing the cost of living differences among states to the forefront for many. As the $10,000 cap on deductions of State and Local Tax (SALT) from federal income tax thus far withstands regulatory reviews, more residents or business owners in high-tax states are likely to consider residency in states with no or lower income taxes in 2020.
Making the right entity choice for the business and the owners
The decision about how to incorporate as a business and thus pay income tax – as a pass-through on owners’ returns or as a C corporation with a business return – isn’t quite as clear cut. Tax reform in 2017 complicated the equation with one signature move to drop corporate entities’ statutory income tax rate to 21%. Ultimately, the deciding factor often hinges less on the tax rate and more on the consequences of how the business is run.
Individual tax return preparation
Intelligent tax planning equates to paying less; we know this is one of your top priorities. We can accommodate your needs, whether you’re an individual, corporation, partnership, estate, or trust. Our seasoned Tax Professionals will work with you all year to develop a tax-saving strategy customized to your unique financial position.
We are also aware that nothing strikes fear in the taxpayer’s heart more than a notice from the Internal Revenue Service, which is why we also offer tax resolution services. In the event of a tax or payroll audit or situations of delinquent tax assessments and levies, you have the peace of mind of knowing that your trusted adviser is there with the expertise required to resolve any problem.
IRS Audit Representation
Nothing strikes fear in people’s hearts more than receiving an IRS Audit letter in the mail. Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating every item reported on your tax return and develop a comprehensive understanding of tax law. IRS AUDIT REPRESENTATION
The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you don’t comply with the Auditors’ wishes, the IRS will recalculate your tax and send you home with a hefty tax bill as your parting gift.
Many taxpayers decide to handle a tax audit themselves and discover they may have been “penny wise,” avoiding a representative’s fee, but “pound foolish,” because they received a substantial bill for a significant tax deficiency.
You see, IRS Auditors are trained to extract more information from you than you have a legal obligation to provide. IRS Auditors know that most people fear them and are ignorant of their rights. As a result, they know they can use that fear and ignorance to their advantage.
Rarely do our clients even have to talk with the IRS. We handle it all for you so that you do not need to take time off of your business or job to handle the bureaucracy and paperwork of the IRS. No lost wages or business. You forward an audit notification, and we take it from A to Z.
