Tax Planning and Compliance for Business
Identifying business related tax issues and risks, and creating customized solutions to minimize tax burdens
Businesses across the nation continually seek to take advantage of all possible incentives, credits, deductions, and changes to federal and state tax law. These organizations have a goal in mind: minimize taxes while making sure that all reporting or compliance activities are properly executed.
To achieve this goal requires a thorough understanding of key tax-related issues and challenges that businesses will face this year, including:
- Applying and maximizing the 20% qualified business income deduction (QBID/199A) for business owners
- Helping noncorporate taxpayers determine if they are subject to excess business loss limitations
- Dealing with the consequences and preparing new strategies for taxpayers that no longer have the option to carryback a net operating loss (NOL)
- Planning and accounting for changes to fringe benefit deductions – entertainment and transportation benefits, moving expenses, and achievement awards
- Maximizing and complying with changes to depreciation and expensing for businesses
- Determining eligibility for like-kind exchanges
- Assessing the advantages of changing the type of entity structure and assisting with implementation
- Determining if there are advantages to using more favorable methods of accounting
- Evaluating the deductibility of business interest expense
For a confidential, no-obligation review of your tax situation, contact Susan Day, Tax Service Line Leader, using the fillable “Contact Us” form on this page.
Solutions
As a businessperson with a lot on your plate, you need the right partner to help pinpoint tax issues and risks and create tailored solutions and strategies to minimize your tax burden. In addition to federal and state tax return consultation, planning, and preparation, businesses look to us for guidance in these areas:
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Industries
Adams Brown provides tax solutions for companies or organizations in the following industries:
Tax Service Line Team Leader:
Susan Day
Contact Us:
Testimonials
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