Our clients also count on us for tax planning/advice. Some will have special situations that need tax analysis. Others, with fluctuating income, have us monitor their tax burden throughout the year. Reducing the overall tax and avoiding penalties and interest while maximizing the funds you have working for you is our aim.
Some examples of typical special situations are:
When a client has income that fluctuates we will review the income as often as needed, calculate the resulting income taxes and make tax saving suggestions.
Many businesses today are organized in such a way that the income from their business flows through to the owner's individual tax return. The effect of this is that the business does not pay income taxes. The owner's report the business income on their individual tax returns and they pay the income taxes. Therefore, we recommend that you have one accountant for all your business and individual tax needs. This is vital for accurate tax guidance.
Our firm also consults with clients on a regular basis on estate tax issues.