Tax Planning + Preparation
Both businesses and individuals need tax guidance to meet their legal filing requirements and tax planning to ensure they pay no more than legally required. The growing complexity of today’s tax laws has outpaced the resources of many businesses and individuals.
The team of highly qualified tax professionals at HTB can help you plan and manage your tax obligations through this challenging environment.
We are dedicated to providing sound advice and customized service to you and your business.
Preservation and control of your estate requires planning to ensure that your ultimate goals are met. A major part of this plan is the efficient management of your income, estate and gift taxes. Individuals need plans tailored to their specific needs and goals. An advisor can work with you to understand your goals and develop a plan to meet your goals.
Although everyone understands the need for filing annual income tax returns, most are unaware of the benefits of proactive income tax planning. Through proper planning, a taxpayer can effectively manage tax obligations by timing various activities to leverage credits, deductions and other tax incentives.
Tax season can be a daunting and time-consuming process for individuals. The complexities of income tax return preparation can be overwhelming, especially with ever-changing tax laws and regulations. Whether you’re a salaried employee, a self-employed professional, or have multiple sources of income, we have an experienced team who are well-versed in tax laws and regulations, staying up-to-date with the latest changes to ensure compliance and optimize your tax situation.
Our dedicated team of seasoned tax professionals is here to alleviate the burden of tax compliance, allowing you to focus on what truly matters – growing your business. Our comprehensive income tax return preparation service encompasses an examination of your financial records, a thorough review of applicable tax laws, and the identification of potential deductions and credits to minimize your tax liability. With our personalized approach, we take the time to understand the nuances of your business, allowing us to identify every possible tax advantage available to you.
Multistate tax planning is a specialized service offered to assist businesses in navigating the complex web of tax regulations and obligations across multiple states. With the ever-increasing mobility of businesses and the varying tax laws from state to state, it is crucial to have a comprehensive understanding of the tax implications in each jurisdiction. At HTB, we analyze the unique tax rules and regulations of each state, including sales taxes, income taxes and apportionment factors, to develop tailored tax strategies that minimize the tax burden on businesses while maintaining compliance with applicable laws.
When a business operates as a pass-through entity, such as a partnership, limited liability company (LLC), or S corporation, the income and tax liabilities are passed through to the owners or shareholders. HTB offers PTE election analysis to help businesses evaluate whether electing this status is advantageous based on factors such as the business’s financial structure, anticipated profits and tax obligations. Through a meticulous analysis of the business’s financial records, tax history and future projections, our professionals provide a comprehensive evaluation of the potential tax savings, compliance requirements and legal considerations associated with the PTE election.
Personal property tax return preparation and consulting is a valuable service provided by HTB to assist individuals and businesses in managing tax obligations related to personal property. Personal property tax applies to tangible assets, such as machinery, equipment, vehicles and furniture, that are used for business purposes. Our goal is to help clients navigate the complexities of this tax, ensuring compliance and maximizing potential tax savings. We possess a deep understanding of the applicable tax laws, exemptions and valuation methods, allowing them to accurately assess personal property tax liabilities and provide strategic guidance.
The complexity of sales and use tax compliance has become a significant burden to the business community. States have become aggressive in their sales and use tax collection efforts, subjecting more and more businesses to audits and inquiries. The sales and use tax laws can vary significantly from state to state, making it difficult to know when a liability has been created.
Tax representation before federal and state taxing authorities refers to the service provided by an accounting firm or tax professional to assist individuals or businesses in dealing with tax issues and resolving disputes with tax authorities at both the federal and state levels. When taxpayers face challenges such as audits, tax assessments or other tax-related disputes, they may require professional representation to navigate the complex tax laws and regulations.
