Preparing income tax returns is a major responsibility for any accounting firm. So is assisting in the initial choice of entity. Whether a business organizes as a Corporation, elects to be taxed as a Small Business Corporation, forms a Limited Liability Company or partnership or simply decides to include the business on the owners personal return is a complicated decision, rarely with a black and white answer. We can help you analyze your options and then make the best choice for you. Whatever your choice, we can help you plan in advance so that when the we prepare the return we have helped minimize your tax liability. We recognize that there are tax situations that are very complicated and sometimes-in areas of the law that we rarely deal with. Rather than bill you for us to learn the intricacies of the tax code when it is outside our experience, we have established a reciprocal referral arrangement with one of the largest accounting firms in the country. Our goal is to make sure our clients get the advice they need, even if that advice is provided by someone else.
When dealing with ERISA or TAFT HARTLEY clients, we prepare the annual 990 or 5500 tax returns and the LM-2. These returns are complicated and require a detailed knowledge of DOL and IRS reporting requirements. We have been involved in the multi-employer field since our inception and it remains a major focus of ours. The rules in this area are changing rapidly and we are diligent in our efforts to remain ahead of the curve so that we can all be proud and confident in the work we perform. We can also assist in the preparation of the newly emphasized LM-10 and LM-30.