Tax Planning and Preparation
The professionals at CostaRothbort are tax professionals who tackle the toughest and most complex tax issues, develop appropriate tax strategies and do the utmost to achieve favorable results for our clients.
Our tax practice is far from limited to April 15th and other tax filing deadlines. We approach tax planning as a strategic, year-round endeavour, monitoring of our clients’ distinct situations, as well as factors that affect them, such as changing tax legislation, rulings and regulations. We continually strive to recognize opportunities to eliminate, minimize or defer business and personal tax liabilities that our clients may face.
By providing our clients with the best possible combination of business and personal tax planning and preparation services, we are able to resourcefully and expertly address a wide range of tax issues.
Our Tax Planning and Preparation Services include:
• Business and personal income tax returns
• Estate and gift tax returns
• Government reporting for not-for-profit entities, unions and Employee Benefit Plans
• Estate planning
• Analysis of tax implications from mergers, acquisitions, dissolutions and liquidations
• Offers in compromise
• Representation during tax audits by government authorities
• Selection of appropriate tax accounting methods and periods
• Selection of most advantageous form of organization
Management accounting focuses on the measurement, analysis and reporting of information that can help managers in making decisions to fulfil the goals of an organization. In management accounting, internal measures and reports are based on cost-benefit analysis, and are not required to follow the generally accepted accounting principle
Tax accounting in the United States concentrates on the preparation, analysis and presentation of tax payments and tax returns. The U.S. tax system requires the use of specialised accounting principles for tax purposes which can differ from the generally accepted accounting principles (GAAP) for financial reporting.
Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.