Services

TAX PLANNING & COMPLIANCE

At Sol Schwartz & Associates, we understand local, state, national and international tax laws and codes. That’s how we are able to develop proactive and tailored tax strategies for your business. We research, plan, and identify the best opportunities, take advantage of the current tax laws and credits, and reduce your tax liability.

How to approach tax planning:

Start early. If you want to minimize your tax bill, be proactive and start planning early in the year. Timely action can nail down a host of tax breaks. It will also help you be proactive in gathering supporting documentation – a critical time saver down the road and an essential undertaking to make the most of the available tax deductions and credits.

As you work with us to develop your tax plan, ask yourself the following questions. Your answers will determine which tax strategies we need to implement in order to take full advantage of current tax laws.

FOR BUSINESS

Company structure. Is your company structured to minimize taxes? Are you thinking about starting a new business? How should you structure your new business?

Significant purchases and improvements. Is your business planning to purchase equipment, make major improvements to current office buildings, or perhaps buy a new building?

If you are thinking about building a new facility or purchasing or renovating an existing building, consider doing a cost segregation study. Such a study will result in the quickest write-off of your investment.

Major transactions. Is your company considering a major transaction, such as a merger or an acquisition? If so, consider the tax consequences as you plan those transactions. The tax ramifications can greatly impact the outcome of the deal.

New product development. If your company is developing new products or is in the process of improving its existing products, consider taking advantage of research and experimentation tax credit studies.

Deductions and write-offs. Review your company’s current deductions and write-offs as depreciation practices and charitable contributions. You may want to consider sponsoring a retirement plan. A review may help you identify new tax saving strategies.

Proactive business tax planning will enable you and your company to make the most of the current tax laws. Proactive business tax planning means potentially less tax liability, more tax credits, and a positive impact on your company’s bottom line. Be proactive and tax smart.

FOR INDIVIDUAL, FAMILIES AND FIDUCIARY TAXES

For most families, taxes represent one of the largest recurring expenses and are a significant impediment to wealth accumulation. At Sol Schwartz & Associates, we believe that intelligent tax planning is an efficient means of maximizing cash flow to help people meet their financial objectives.

OUR EXPERTISE

Our expertise encompasses the full spectrum of tax matters that businesses, families and individuals may encounter, including:

  • Year-end tax planning
  • Investments
  • Capital gains transactions
  • Multi-generational asset transfers and gift taxes
  • Charitable giving planning
  • Employee benefits
  • Matters involving expatriates and foreign nationals
  • Executive and equity-based compensation plans
  • Tax controversy services (representation before the IRS and State taxing authorities)
  • Texas franchise tax
  • Family trusts and beneficiaries
  • College funding assets
  • Legacy planning and estate taxes
  • Family-owned or closely-held businesses
  • Insurance
  • Private foundations
  • Multi-state taxation
  • Minimizing the impact of alternative minimum tax
  • Retirement planning and distributions from qualified plans and IRAs

We invite you to contact us directly, or continue browsing our website to learn more about how we can help you.