Our tax professionals understand the ever-changing federal tax code and how it impacts both you and your business. We can help you stay compliant and consult with you on the best approaches for managing your liability and plan for the future.
State tax reporting is as much of a burden on many small businesses as federal reporting is with the Texas Margin tax. At ThayerONeal, we implement creative strategies to help reduce the burden of this tax—especially for healthcare entities.
We help our clients comply with federal and state tax reporting requirements. Using the most efficient procedures designed by our tax services group, we keep you connected during the compliance reporting period to make data collection faster and streamline the return preparation process. In fact, unlike other accounting firms, we help you plan for next year’s federal tax payments while completing your current year’s return.
Tax planning is the most important service our tax services group provides and dealing with a tax liability while there is still time to do something about it is what sets us apart from other CPA firms.
We focus on the development and implementation of creative ways to implement tax accounting methods to optimize our clients tax situation from the initial planning related to organization type for a new business entity to complicated accounting methods, we are focused on our client’s needs.
Tax Consulting Focus Areas:
- Estate planning
- Tax free re-organizations
- Cost segregation analyses
- 1031 tax free exchanges
- Succession planning
- Net operating loss utilization
- Entity formation
- ASC 740 Tax Provision calculations
- International assistance with US tax laws
- Compensation planning
- Tax Controversy
We can also help you deal with the Internal Revenue Service. Handling a tax examination whether federal, state or local requires careful planning and execution. We excel in representing our clients before the IRS and other taxing authorities, including negotiating payment plans.
Business and Individual Tax Services
Tax planning should be an important facet of your total financial planning process. We have highly experienced tax professionals who can help you minimize your tax liabilities and defer taxes.
The professionals at ThayerONeal can provide advice to wealthy individuals and their families, as well as to trusts, estates, and private foundations. From immediate concerns to long-term planning, we can help you establish an individually tailored approach to tax and financial planning that takes into account the complete picture of your company’s or family’s financial status and goals.
Business Strategy & Planning
We provide our tax clients with strategies and opportunities for minimizing their federal and state tax burdens. We routinely advise our clients on the tax implications of entity selection and organization structure, strategies for deferring income or accelerating deductions for tax reporting purposes, and the management of nexus and state tax reporting issues.
We assist in the following business transactions:
- Mergers & Acquisition
- Closing your entity (Succession Planning)
- Debt restructuring
If you are contacted by the IRS, you need to have representation by knowledgeable and respected professionals who understand IRS practice and Procedures. We are experienced in the following areas:
- Representation before IRS
- State taxing agencies
- Payroll tax controversy