If you’re like most people and businesses, you think of taxes only when it’s time to prepare and file your annual tax returns. We can certainly handle your compliance needs, but preparing returns is only part of the process.
The really critical aspect of our taxation service and the one that can have the most impact is tax planning. In fact, tax planning is a key part of business planning. With planning, there won’t be those unpleasant surprises when the time comes to pay your tax. Planning ahead and utilizing all available tax strategies could provide significant savings.
Meeting with us during the year allows us to find those tax advantages specific to your situation. These can change from year to year, so this meeting should be scheduled at least annually.
All of our professional staff of tax experts participate in an annual continuing education program that meets or exceeds the requirements of the American Institute of Certified Public Accounts and the Virginia State Board of Certified Public Accountants.
THERE ARE MANY TAX PLANNING ADVANTAGES FOR BUSINESSES, INVESTORS AND INDIVIDUALS INCLUDING, BUT NOT LIMITED TO:
- Timing of income and expense recognition for tax purposes
- Fully utilizing depreciation expense for the year
- Taking advantage of all available Federal and State tax credits
- Maximizing the tax benefits associated with employee retirement plans