Tax

We are focused on the delivery of high quality value added tax services for individuals, business and nonprofit entities.

There are two key aspects to an organization’s tax needs

Planning. Tax planning helps identify opportunities specific to your situation and requires a close working relationship to maximize the tax strategies. It requires frequent communications to help forecast, modify and leverage the tax liabilities incurred.
Reporting and Compliance. It's essential to ensure reporting and compliance for federal and state income, sales/use, property, payroll and other income and transaction tax issues are accurate and filed on time. We work proactively to meet you compliance requirements and deadlines.

Effective Tax Service starts with proactive planning strategies
Planning creates opportunities to reduce taxes and minimizes the possibility of surprises. We believe taxes should be planned events that are the result of forecasting, reporting and in some cases “investments”. These investments may include tax credits, losses, basis differentials or stimulus incentives that may make sense to utilize given your current particular financial situation.

Effective Compliance and reporting
We work with our clients to assess their tax reporting obligations and proactively assist them in maintaining compliance and timely reporting. We leverage our tax planning and work with the client to obtain information timely as well as to gain an understanding of the tax needs and expectations.

Integrating your personal tax needs are part of our process
Both business and personal income issues need to be considered to determine the best tax strategies to deploy on a holistic approach. Additional personal and financial considerations are factored into your plan. These considerations may include option holdings, retirement needs, wealth accumulation, personal goals, family issues and succession planning.

Some quick facts about our tax practice:

300 plus organizations
500 plus individual tax return clients; many who own the businesses we support

Our tax services include:

Tax planning and return preparation
Sales and use tax consultation and audit defense
Multi-state consultation and return preparation
Sale or purchase of a business/ Mergers and acquisition consulting
Stock option planning
409A Analysis and deferred compensation plan taxation consulting
SFAS 109 (Tax accrual preparation and review)
Section 382 calculations (change in control limitations on NOL carryforwards)
SFAS 123R (Stock Compensation Deductibility)
Net Operating Loss (NOL) and Tax credit utilization
FIN 48 Analysis (Aggressive tax position)
Retirement strategies
Estate planning
Gifting and wealth transfer planning
IRS communications and representation
Complete tax department outsourcing

For information about our tax practice, please contact Will Wenmohs.