We maintain a complete tax library on CD-ROM on our computer system which is updated monthly. We also subscribe to many tax publications. We maintain close contact with many tax law firms which of whom we discuss many tax matters. It is our policy to review the tax plan for our clients prior to the end of their fiscal year, as well as prior to the end of the calendar year. This assures our clients that the proper compensation, profit sharing, etc. is paid at the appropriate time to minimize the tax liability.
Timing is always a critical factor in tax planning.
As the situation warrants, we may do individual tax planning more than once during the year in order to assure that the correct tax dollars are paid. This ensures to avoid penalties for underpayment of tax. When we meet with our clients, we make suggestions of actions to take to minimize the tax. We also will work with your attorney, stockbroker, or insurance agent in bringing into the plan various vehicles used in tax and estate planning. As Certified Public Accountants, we can assist your accounting staff with their daily bookkeeping requirements.