Tax Strategy

Business & Personal SolutionsTax return preparation is something that millions of Americans must deal with every year. Come January 1st, those W-2s start trickling in, and then April 15th looms as the deadline before which everything must be done and submitted.
While many Americans opt to wade through the piles of paperwork themselves, others have decided that hiring someone to take care of their tax return preparation saves them time, headache, and money. That’s where we come in.
The Capital Tax Group prepares a wide variety of taxes including:

• Audits for public and private companies
• Reviews
• Compilations
• Interim statements
• Trend analyses
• Management flash reports
• Special financial reports
• Budgets
• Forecasting & projections
• Internal control systems
• Litigation support
• Bookkeeping assistance & services
• Advice to Management
• Financial and business planning
• Financing assistance (with commercial banks and/or investment banks)
• Cash management
• Recommendations to improve controls and operations
• Employee benefit plans
• Mergers and acquisitions
• Continuity of business
• Succession planning
• Personnel recruitment
• Turnaround analysis

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The professionals at The Capital Tax Group want to help you minimize your taxes and take advantage of special programs, incentives and other opportunities that arise from year to year. This involves proactive planning to determine the best tax strategies; tax compliance to avoid penalties; consulting services to reach your goals; research when complicated situations arise; and support when you must deal with IRS.
Legal Tax Strategies we consider include:

• Splitting income among several family members or legal entities in order to get more of the income taxed in lower brackets.
• Shifting income from one year to another in order to have it fall where it will be taxed at the lower rate.
• Shifting deductions from one year to another to place them where the tax benefit will be greater.
• Deferring tax liability through certain investment choices and through pension plan contributions.
• Structuring your affairs to obtain a tax deduction for some expenses paid for things you enjoy – a vacation home, for example: Investing your money to produce income that is exempt from either federal or state income tax or both.

When approaching tax season, we encourage scheduling your tax return appointment as soon as possible. This is so we can set aside a date and time that is most preferable and convenient for you. In fact, you can schedule your appointment up to a year in advance. However, we can also fit you in at the last minute if space is available.