Principal, Business Tax Service Area Leader - Gloria J. McDonnell, CPA
 

tax planning & preparation

Home / Services / Business / Tax Planning & Preparation

Sound tax planning is essential to making informed decisions in all aspects of your personal and business finances.  At HLB Tautges Redpath, we apply our extensive tax knowledge and accounting expertise toward building a tax plan that increases your cash flow, makes you more tax efficient and reduces your risk.

Download Business Tax Brochure (PDF 64kb)

specialized services

  • Entity Selection and Formation

    An entity structure is not meant to last forever.  Many changes can impact a business entity structure such as changes in tax law, business operations, owner goals, employee incentive plans or state business laws.  Without an annual review of the entity structure, businesses may be missing out on tax benefits, paying excess taxes, exposing assets and owners to liability, or failing to prepare for a possible sale or ownership transition.

  • Research/Development Tax Credit

    HLB Tautges Redpath assists many businesses in recovering R&D tax credits they deserve, but often overlook.  Companies often think only “new” products qualify for the tax credit, however developing a new manufacturing process, technique or formula also qualifies.  We assist clients in claiming credits for up to three years in the past and help them recognize credit opportunities moving forward.  We also assists businesses in setting up a system to identify and track R&D expenditures.

  • Cost Segregation Studies

    Cost segregation accelerates depreciation deductions resulting in reduced taxable income and increased after-tax cash flow. Companies planning to build, renovate, remodel, expand, or purchase a new or existing building, or those that completed a project within the last few years, should consider cost segregation services to generate substantial tax savings.

  • Sales and Use Tax Compliance

    Sales and use tax refunds and compliance are often misunderstood or overlooked by companies. Many companies miss out on sales and use tax refunds or pay vendors unnecessary sales tax, because they are unsure of the regulations. HLB Tautges Redpath works with clients to recover refunds they may deserve, to educate them for future transactions and to review financial records to make sure they are in compliance.

  • Multi-State Income Tax

    Companies conducting business in multiple states may be unaware of income tax filing requirements within each state.  Noncompliance results in steep penalties and with differing rules and regulations in each state, it can get complicated. Our team researches individual state rules, determines filing requirements, and develops a plan to deal with delinquent filings.  Our services can be limited in scope or more in-depth based on your company’s needs and presence in different states.

  • Business Succession Planning

    It’s inevitable; sooner or later there will be a business transition.  Are you prepared?  Business succession planning is all about making sure the owners’ long-term goals are satisfied.  Transitions may take years of planning, evaluation and preparation; however, the rewards of planning drastically outweigh the ramifications of ignorance.