There has been unprecedented change in tax regulations for businesses. The constant change and adjustment to corporate tax regulations has resulted in serious concerns, among the business men, on how to effectively manage their tax situation. To manage these changes, a tax firm requires significant experience in corporate tax matters. Avant Tax offers this and much more, we work closely with clients to help them to be fully tax compliant and minimize liabilities on corporate income and transactions.
It pays to plan and before preparing for business taxes: Tax planning is a key component for every business. It focuses on minimizing tax liability in a legal and lawful way. We are proud of the high level of service we provide, combining technical knowledge of the tax law along with business acumen and a concern for every client. It is the holistic approach that differentiates Avant Tax and enables us to be an important resource for our clients, providing services from state and local to national and international planning and compliance - along with specialized services in areas such as partnerships, LLCs, corporations, nonprofits and estate and trust planning, to name just a few. We constantly monitor the changes in regulations at local, state, federal and international level and our tax planning professionals continually develop new tax strategies and amend existing tax strategies so that your organization and you can take full advantage of opportunities to reduce your tax burden in a most efficient manner. Our Tax Planning Services
Your business entity type has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Avant Tax can advise you on choosing an entity type and later restructuring if it were advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs. Ready to start your own business?
You are excited? Yes! But not sure what form of business entity will work best for you? Here are few factors to consider:
There are normally 4 main types of businesses people use. They are:
Of course, there are many other business entity types like Business Trusts or Limited Liability Partnerships, but they are not frequently used. To decide which form of entity will work for you, we need to consider many different factors, such as, how many people would own the business, whether owners of the business are US residents or not and many others. Avant Tax Inc professionals can sit with you and discuss advantages and disadvantages of all entities in order to decide on the best outcome for your new business.
Our New Business Formation Services include:
We can turn your vision for starting a new non-profit into a reality. There are times when a standard product or service is not what you need. It could be that you simply need to discuss a situation with a professional. If your situation requires in-depth discussion, we can help.
We offer time-based consulting services to new and existing non-profit organizations. Our expert professional are here to provide you counsel and advice in the following areas:
Keeping accurate and up to date financial records is imperative for your company to maintain its competitive advantage. There are many advantages to having your bookkeeping records managed professionally. Efficient bookkeeping will provide you with more time to concentrate on the tasks that may help to grow your business and will ensure increased accuracy as a trained professional will reduce the likelihood of administration mistakes.
Avant Tax bookkeeping services provide you with real time access to your cash flow, debtors and creditor information enabling you to make informed decisions promptly to minimize risks and maximize profits. Our bookkeepers will ensure reliable and accurate books are kept for your company using secure market leading accounts software, allowing you to concentrate on building your business.
We record all the transactions you do by keeping the books on a periodical basis and provide you with the necessary reports that are required for taking important decisions in the business. Each month or quarter we'll do the following things for you...
Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.
Quickbooks is powerful ad insightful tool to evaluate the fiscal fitness of the business. It can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We are trained QuickBooks provider to assist you with installation and set up, conversion from other Bookkeeping packages, on going training for new and existing employees, Technical Support, customized reports tailored to your individual business need. We will assist you beyond the basics of generating accurate financial reports.
We will teach you to read and understand the Bookkeeping information, derived from QuickBooks, so that you can run your business more efficiently from financial and tax perspective.
We offer following solutions to help meet your QuickBooks needs:
We train you personally! Either one-on-one or several individuals within your organization at your company's location.
We assist new QuickBooks users with initial setup including: Easy Step Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Our QuickBooks support service can assist you with any setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.
When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner.
Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.
Why Outsource Your Payroll...
Get the Payroll Solution That Best Fits Your Needs. We know that when it comes to payroll service - no one size fits all. That's why we offer the following 3 custom payroll processing options.
Custom Payroll Reports Service
There seems to be an endless amount of special reports Government agencies require. We can prepare the following reports for you.
Outsourcing the monthly and quarterly sales and use tax returns process frees up you and your staff to concentrate on the core operations of your business, and provides oversight of your tax liability. We gather information regarding sales tax from you and file it monthly or quarterly on time.
We also provide sales tax audit representation service whereby we apply our expertize to reduce the tax liability and resolve the issue in most advantageous way to the clients.
State Franchise Tax:
We assist companies doing business across state lines deal with state franchise/corporate tax issues. State tax rules are complicated as each state has its own multiple formula of computing state corporate/franchise taxes for that state. We work out all the options that is possible to bring down state franchise/corporate taxes.
Businesses must deal with a variety of tax issues including legislative changes, cash-flow impacts of tax payments and employee tax. There are also tax implications to consider if you’re buying or restructuring a business, and in the case of management buy-outs.
Avant Tax Corporate Tax team can take care of all your corporate tax matters.
We will partner with you to understand your business, proactively manage tax risks, assess tax compliance and identify new opportunities.
The challenges of managing a startup or a growing business or as a matter of fact any business, are extraordinary! Managing your business's finances, compliances, corporate governance, and addressing strategic requirements are important tasks and one cannot afford negligence in these areas. Moreover, every entrepreneur needs a source for strategic advice, and daily support to meet his/her financial and technical accounting requirements. Avant Tax Part time CFO service helps companies, right from their incubation days until they become a large Public Company.
Our seasoned consultants truly become part of your team, working side-by-side with staff at all levels ensuring that scarce resources are put to their best possible use. We do not just assess issues and challenges and bring good ideas. We leverage our deep financial experience to propose and implement practical, right-sized solutions.
Our team adapts to your objectives, providing advice and counsel that is sensitive to your evolving short, medium, and long-term goals. Regardless of the scope or scale of challenges
Here's what you get with our Part-Time CFO services...
Few things are more important to business owners than the value of their business. The valuation you get for your business can make or break a proposition.
Whether you're negotiating a merger, considering new shareholders, attempting to resolve disputes associated with liability, shareholder equity, estate planning or marital dissolution, objective valuation can make the difference between loss or gain, success or failure.
Business valuation is not an exact science. It's based on judgment, experience and relevant information. So, you need professionals who are well qualified, with significant experience in evaluating all types of organizations.
Our approach is to intimately know your business in order to understand what constitutes its value. We work closely with you to analyze your operations and historical financial data. Our in-depth knowledge of your business enables us to provide a well-reasoned, fully documented and defensible valuation opinion.
We provide a full range of business valuation services for the following needs:
Most of the real estate holdings may qualify for an engineering-based cost segregation study. These IRS-approved studies help you accelerate income tax depreciation deductions, generating potentially significant tax savings. Many business owners routinely have real estate cost segregation studies done to save taxes and increase cash flow. A cost segregation study can "mine out" buried tax savings from:
Here's what you get with our Part-Time CFO services...
Post-1986 real estate construction, building acquisitions or improvements where no cost segregation study was performed (even though the statute of limitations previously closed on the property construction/acquisition year)
Avant Tax cost segregation services offer companies the opportunity to maximize tax depreciation benefits related to the construction or acquisition of real estate and minimize the risk of audit exposure.
You can depend on us to take a proactive approach to perform detailed engineering cost segregation analyses to increase your cash-flow. Our team will: