We specialize in providing expert tax consultation services to businesses and other CPA firms, focusing on complex tax issues. Our core areas of expertise include:
- Domestic Production Activities Deduction (DPAD): We help businesses maximize tax savings by identifying eligible activities and expenses, ensuring compliance with intricate regulations, and optimizing deductions. This deduction rewards businesses for manufacturing goods in the U.S. and can significantly reduce their tax burden.
- Uniform Capitalization Rules (UNICAP) - Section 263A Adjustments: We assist clients in accurately allocating costs to inventory, streamlining valuation processes, and minimizing the risk of IRS audits. This ensures compliance with IRS regulations regarding the capitalization of costs and helps businesses avoid potential penalties.
- Accounting Method Changes (Form 3115): We guide businesses through the process of changing accounting methods, minimizing tax implications, and obtaining IRS approval. This can help businesses adopt more efficient accounting practices and improve their financial reporting.
- Multi-State Taxation: Allocation and Apportionment: We help businesses determine their fair share of tax liability across multiple states, optimize tax strategies, and ensure compliance with complex state tax laws. This involves understanding the specific rules and regulations of each state and accurately allocating income and expenses to different jurisdictions.
Our team of seasoned professionals possesses in-depth knowledge and experience in these specialized areas. We are committed to providing tailored solutions, proactive advice, and exceptional client service to help you achieve your financial goals.