We realize our greatest asset and, in turn, our strongest competitive advantage is our complement of staff. We, thus, have formed a small but diverse team with the collective knowledge, experience, and resources to offer individuals and small to mid-size businesses the following spectrum of services.

For Individuals:

Tax Planning

We can assist individuals with all routine aspects of tax planning including, but not limited to, such matters as filing requirements, filing status, dependency issues, itemized deductions, Social Security, pensions and IRAs, education and child credits, investment income/expenses, income/losses from rental properties, income/losses from pass-through entities, alternative minimum tax, and so forth.

In addition, we can assist individuals with more complex issues such as multiple pass-through entities, multiple state allocations, passive activity limitations, basis limitations, at-risk limitations, section 1031 exchanges, as well as those with special recurring or episodic circumstances as in the case of members of the armed forces, members of the clergy, individuals in the process of divorce, and so forth.

Tax Preparation

We can assist individuals with all personal income tax return requirements, at both the federal and state levels using state of the art software and electronic filing technology to the maximum extent possible.

For Businesses:

Start-Up Planning

We can assist clients in understanding and selecting the tax class most appropriate for their business/tax needs – whether a Sole Proprietorship, Partnership/Limited Liability Company (LLC), or Corporation by, among other things, reviewing the options available to both single and multi-member LLCs, and assessing the pros/cons of electing to be taxed under Subchapter S of the Internal Revenue Code.

In addition, we can assist clients in assessing the tax implications of acquiring a business by analyzing the pros/cons of stock versus asset acquisitions, reviewing available tax elections, explaining purchase price allocation methodologies, and so forth.

Further, we can assist clients in selecting the method of accounting most suitable to their business within the confines and limits of the Internal Revenue Code.

Compensation & Benefits

We can assist clients in understanding the tax implications of various compensation arrangements and benefit plans by, among other things, reviewing the various types of arrangements/plans available to all businesses regardless of entity type, as well as those from which sole proprietors, partners, and certain Subchapter S shareholders may be restricted.

In addition, we can assist clients in understanding the importance of establishing "accountable plans" for reimbursing employee-incurred expenses, and the limitations inherent to the alternative of deducting otherwise un-reimbursed expenses.

Further, we can assist clients in understanding the differences between employees and independent contractors and, as such, the payroll tax and reporting requirements associated with compensating each.

Asset Purchases & Sales

We can assist clients in understanding the options and limitations associated with accelerated depreciation deductions allowable on various types of tangible business personal property, in addition to the recapture impact on any such accelerated deductions in the event of early disposition.

Accounting Services

We can assist clients by providing all traditional accounting services in accordance with individually defined needs including, but not limited to, preparing financial reports and statements (including compilations), doing bookkeeping/write-ups, bank account reconciliations, payroll preparation, and all associated payroll tax reporting, federal and state return preparation, and electronic filing to the maximum extent possible.

In addition, we can offer clients, on an ad hoc basis, the services of a Certified Quickbooks ProAdvisor to assist with accounting package selections, installation, training, and subsequent backstopping.

Tax Preparation

We can assist clients with all business tax return requirements, at both the federal and state levels, using state of the art software and electronic filing technology to the maximum extent possible.

Other Services:

Representation: IRS, State & Local

We can assist individuals and businesses, alike, with the process of resolving issues raised by the Internal Revenue Service including such matters as notices, late filings, filings for special relief, penalty assessments and abatements, tax examinations, and so forth.

Estates & Trusts: Tax Compliance

We can assist clients with all aspects of Estate Tax Return compliance from recognizing the full extent of a taxpayer’s gross estate, to gathering supporting data, delineating the types of required/accepted appraisals and, in turn, preparing and filing Form 706.

In addition, we can assist clients with analyses of the tax implications of various bequests such as inherited IRAs, custodial accounts, interest in closely held companies, and so forth, along with ensuring the proper implementation and treatment of such matters as income in respect of a decedent.

Further, we can assist clients with the maintenance of proper fiduciary accounting records in accordance with state law, and with the preparation of fiduciary income tax returns for both estates and trusts.

Estates & Trusts: Trust Alternatives

We can assist clients in understanding the tax implications of a wide variety of trusts including, but not limited to, Charitable Remainder Trusts (CRATs/CRUTs), Charitable Lead Trusts (CLATs/CLUTs), Grantor Retained Trusts (GRATs/GRUTs), Qualified Personal Residence Trusts (QPRTs), as well as Irrevocable Life Insurance Trusts (ILITs), Qualified Subchapter S Trusts (QSSTs), and Electing Small Business Trusts ("ESBTs).