Taxes

Client Notice-New Hiring Incentives for Employers

There are two distinct elements of client service in the area of taxation; compliance and planning. Compliance includes filing of tax returns and other documents with the appropriate governmental agencies and responding to their inquiries.

The compliance element is often overlooked as a value-added service. The timely filing of a tax return is important from a penalty standpoint, but it also allows the statute of limitations to begin for that return. Timely filed elections are mandated by law; miss the date, miss the election. Prompt responses to all government notices can preclude lengthy, recurring and drawn-out communications.

Planning includes succession, retirement, estate, financial, investment and transactional planning, as well as annual income tax planning. Tax planning overlaps with other non-traditional services further explained in that section.

Some industries have special taxation issues where we have special expertise. These include, construction real estate and inventory based businesses. Please see these sections for more.