Tax Planning and Compliance

Traditionally, clients have looked to their accountants to minimize their taxes while fully complying with complex tax laws.  Our approach to developing tax strategies is based on our years of experience tailored to each client’s specific needs.

Tax planning
 and strategy is an ongoing enterprise throughout the year.  Our complete electronic tax library and state-of-the-art computer systems enable us to provide timely advice on an ongoing basis.

In addition to structuring major financial transactions to maximize after-tax returns, we also review our clients’ tax situations before the close of each year to quantify potential tax liabilities and plan for their reduction or deferral.

Tax audits are an integral part of our government’s tax system. Our audit planning begins long before the government selects a tax return for audit.  We do our research, planning and tax return preparation with the goal of minimizing the chance of an audit. Should an audit occur, we attempt to minimize the scope of the audit. Our experience has shown that thorough advance preparation is the most effective means of defending an audit while minimizing its cost.

Our tax planning and compliance services include:

  • Business and personal income tax returns
  • Gift, trust, and estate tax returns
  • Exempt organization returns and government reports
  • International tax planning and compliance
  • Retirement and employee benefit plan returns
  • Structuring major financial transactions
  • Representation at federal and state tax audits

For more information about our tax planning and compliance services in New York, contact Michael C. Allen & Co., today.