Tax and Tax Planning
To better meet the needs of our accounting, payroll, and tax clients, we prepare tax returns such as 1040 Long and short Forms, Corporate 1120and 1120 S Forms, Partnership Returns and Form 990 for non-profit organizations. Tax planning begins with your unique conditions. Whether a personal, corporate or partnership filing, CMA team stays informed on the constantly changing tax laws that will most likely impact you or your business. Consider the advantages of having access to the area’s top tax advisors who can help you year-round to prepare more diligently for the upcoming fiscal year. CMA team can offer new insights, options or ideas that may provide more financial benefits.
Capabilties
The need for a meticulous tax planning, preparation, and consultation cannot be over emphasized. We can tailor our tax planning and projection strategies to help your business comply and optimize overall tax liability. We can provide multiple services in this area as follows:
C-Corporations, S-corporations, Partnerships, LLCs, and Individual:
- Federal and state return preparation
- Federal tax for flow-through entities
- State and local tax compliance and consulting
- Credit and incentive eligibility reviews
Capabilties
Not-for-profits:
- Form 990 preparation and planning to enhance transparency among donors
- Tax-exempt status applications
- Not-for-profit board training on reviewing Form 990
- Analysis to identify unrelated business income
- Organizational Structuring to avoid loss of exempt status by maximizing use of related
- entities and taxable subsidiaries
- Lobbying and political activity analysis