Business Tax Compliance
Tax compliance can be challenging for companies. If you are a start-up or a mid-size company, the compliance demand can take you away from what you do best – growing your business. A&C offers a solution to address the compliance needs of corporations, S corporations, partnerships, and other business entities. Our tax specialists and tax technology resources will enable your business to achieve accurate tax compliance and minimize your exposure with taxing jurisdictions.
We understand that every business has a unique strategy and set of challenges. Our tax and consulting practice encompasses a diverse group of individuals that work as a team to develop practical tax plans and strategies for clients from small businesses to large corporations. Our job is to understand the current issues you face and anticipate any that may arise in the future. We are here as a partner to move your business forward with confidence.
A&C is qualified and experienced in preparing and reviewing business income tax returns for Corporations (Forms 1120), S Corporations (Form 1120S), Partnerships (Form 1065) and Trusts (Form 1041), along with other forms that require tax technical specialization.
Due Diligence – Mergers and Acquisitions
Our specialists can assess and identify potential tax exposures and their impact on a stock or an asset transaction. Understanding the tax implications of a proposed deal and determining optimal tax structure are critical to minimizing federal, state, local and foreign tax exposures.
A&C gathers data to respond to IRS Information Document Requests, computes book/tax differences, identifies and prepares some or all tax adjustments for deriving taxable income. In support of internal departments, A&C professionals can be deployed for tax calculations requiring technical knowledge or extensive data manipulation, freeing up in-house resources to focus on core business activities.
A&C prepares complex or data intensive tax return forms requiring tax technical specialization or time to gather and manipulate data.
A&C reviews and signs final tax return as compiled by in-house resources.
A&C prepares quarterly and annual tax provisions (for non-attest clients). Provision computations may be leveraged for preparation of quarterly estimates and extension payments.
- Other return preparation:
A&C prepares stub period returns due to acquisitions or divestitures, as well as partnership returns.
A&C gathers data to respond to IRS Information Document Requests.
A&C gathers support for established R&D credit and transfer pricing contemporaneous documentation approaches.
Personal Income Tax (Form 1040) Planning and Compliance
The highest marginal rate is currently 37%. Taxes are often the largest single cash flow expense for high-income taxpayers. Our tax professionals can ensure that your return is prepared accurately and in a timely fashion. A&C assists you in planning ahead so that you will be prepared for upcoming tax expenses and will be able to implement strategies and ideas that best suit your cash flow requirements.
Federal tax laws are complex and constantly changing, high-net-worth individuals will want to keep an eye on policy developments to focus on tax planning. Discussion over the deficit suggests that modifications in the tax code may be a major legislative focal point in the longer term. We stay abreast to these changes and offer thorough solutions to assist in managing your tax obligations in a variety of areas.
In the event that your tax return is called into question by the IRS or any state or local agency, it’s important to secure representation by knowledgeable professionals. A&C is here to work with you with any questions or concerns regarding your audit to make tax issues less complicated and negotiate resolutions.