Tax expertise delivered with outstanding service and seamless technological capabilities. At DukhonTax we understand that our knowledge of law and strategy only matters inasmuch as it brings results for our clients. We offer a seamless team approach – communication throughout the process, consultation by senior members of the team, the right answers at the right time. Through our network of affiliates we expand our reach into areas of legal, financial, and insurance to ensure your business is getting accurate and applicable information and services.
TAX RETURN COMPLIANCE
The key service related to tax compliance is the preparation of federal, state and international tax returns. Our CPAs are devoted to service and expertise and have a thorough understanding of federal, state and international tax laws. Accurate and timely preparation, efficient communication and document gathering, retention of workpaper and support documents for audit defense. Additional compliance services include Fixed Asset management and Depreciation Planning and Basis Tracking for Partners and Shareholders.
TAX STRUCTURING AND PLANNING
We help businesses plan for tax effective transactions that reduce or defer Federal, State, and International income tax. Plan for purchases and expenditures, time income and deductions for the best outcome. We help you make the big business decisions in a manner that most favorably utilizes tax code provisions, deductions, and credits.
ACCOUNTING METHOD REVIEWS
We review businesses’ tax accounting methodologies to determine if they are properly accounting for income and deductions under current tax law as well as employing available accounting method strategies to maximize income tax benefits.
RESEARCH CREDIT CALCULATIONS
We can assist with putting together a research credit study to determine eligibility for the credit and defend the credit against taxing authority reviews. Research credit calculations require identification of projects and business units, support from case law, and clear and accurate tax accounting.
TAX CREDITS IDENTIFICATION
There are at least 20 general business credits available to businesses. Many Federal credits have matching State credits that can be utilized as well. Our firm can help review your activities to identify what credits may be accessible to you.
AUDIT AND APPEAL REPRESENTATION
Examinations and audits of tax returns occur constantly and can happen to anyone. We prepare returns with audit defense in mind and work to reduce audit triggers and red flags. In the event that an audit does occur, we possess the expertise and experience to represent taxpayers before the Internal Revenue Service as well as state and international tax authorities with respect to all types of tax issues under audit and/or appeal.
STATE AND LOCAL TAX
We have dedicated state and local tax specialists that can provide, among others, the following services:
NEXUS CONSULTING AND STATE TAX LIABILITY ANALYSIS
Business does not only occur at the local level and companies may be unaware of all the local and state jurisdictions where they have filing and compliance requirements. We assist businesses with understanding where they are required to file state and local tax returns and pay state and local taxes based on a business’ multistate activities. By determining your business’ exposure, you can plan more effectively, work to avoid unnecessary nexus, and know your obligations in advance.
SALES AND USE TAX DETERMINATIONS
We determine the taxability of a business’ sales and purchases of goods and services by jurisdiction as well as the sales and use tax consequences of specific transactions.
Business Tax Planning Services
Our tax consulting professionals work with you to identify strategies for maximizing tax savings over both the short and long term:
FEDERAL INCOME TAX PLANNING
We can assist your business with implementing Federal income tax strategies and find tax savings. Using deductions, timing, credits, and favorable provisions of the tax code we will assist you in saving or deferring income taxes. Increase profits, manage cash flows, and retain more of your business earnings.
STATE AND LOCAL TAX PLANNING
Our state and local tax professionals provide tax planning with respect to all types of state and local taxes including income and franchise, sales and use, property, employment, transfer and other miscellaneous taxes. We assist businesses with identifying and managing their state and local tax liabilities in the most efficient and effective manner. It encompasses structural, reorganizational, transactional and state-specific solutions to mitigate state and local tax liabilities.