Comprehensive Income Tax Planning Strategies
Our team is proficient in navigating the complexities of the Internal Revenue Code (IRC) and IRS regulations, ensuring that your tax strategy is optimized under the latest federal and state tax laws. In our regular tax planning meetings, we will analyze your projected net taxable income, estimate your effective tax rate, and provide tax deferral and mitigation strategies to minimize your overall tax burden.
We provide clear, actionable tax strategies, including cost segregation studies, entity structuring, and income-shifting opportunities. Every recommendation is explained in detail, and we disclose the projected tax savings for each. Together, we will determine the best strategies to implement before year-end to ensure you capitalize on tax-saving opportunities while remaining compliant with the IRC. For more examples of our tax strategies, visit the Planning Center.
Estate and Wealth Management Tax Planning
Estate tax planning is essential for high-net-worth individuals who exceed federal and state estate tax exemption limits. Working with qualified estate attorneys, we implement advanced estate planning strategies such as grantor-retained annuity trusts (GRATs), irrevocable life insurance trusts (ILITs), and family limited partnerships (FLPs) to limit or eliminate the impact of estate taxes. With a top marginal federal estate tax rate of 40%, coupled with state estate taxes, the combined rate can reach 60%. Proactive estate planning helps shield your assets from unnecessary taxation and ensures your wealth is preserved for future generations.
Tax Planning for Business Owners
For business owners, we provide comprehensive tax planning for succession and exit strategies, as well as M&A transactions. Whether you are considering selling your business or transferring ownership, we offer guidance on:
- Structuring the transaction to maximize tax efficiency (e.g., asset sales vs. stock sales).
- Minimizing capital gains tax exposure and optimizing installment sale strategies.
- Timing your business sale to take advantage of favorable tax conditions.
- Understanding buyer expectations and how to position your business for the highest valuation.
- Estimating the value of your business, including add-backs for non-operating expenses.
- Preserving wealth post-sale through advanced tax deferral strategies and wealth management.
Acquisition Analysis
Our acquisition analysis services ensure you make informed decisions during the due diligence phase of a merger or acquisition. We perform detailed evaluations of the target company’s financial health, focusing on:
- Cash flow sustainability, quality of earnings, and EBITDA adjustments.
- Tax compliance, including sales tax nexus and potential exposure to tax liabilities.
- Analyzing working capital requirements, inventory levels, and receivables/payables confirmations.
- Reviewing accounting systems and internal controls for compatibility and accuracy.
With these insights, we help you structure acquisitions to minimize tax liabilities, mitigate risk, and ensure long-term profitability.