There are many tax-preparation firms out there and even software programs that allow you to prepare returns yourself. What those services are lacking is a thorough understanding of the current tax laws, how they interplay, how your business is affected by them, and even how to properly report your income and expense items. All of Bucknam & Conley CPAs’ tax work, from research to tax returns, to negotiating with the IRS when needed, is performed by highly qualified CPAs and this makes all the difference. We are continually monitoring tax changes, investing in the best education for our CPAs, and addressing how changes impact our clients proactively.
We work with businesses of all sizes in many sectors all over the country. Our clients operate as LLCs, S Corporations, and C Corporations. They are real estate investors, restaurant owners, veterinary offices, professional practices, private equity, and in a variety of other industries. The common factor among them is their successful enterprises lead to tax complexities and they want a tax expert preparing their returns – that’s why they come to us.
Like our business clients, our individual clients have a lot going on whether it be business(es) ownership, private equity investments, or rental properties. They need to determine if an activity is passive or nonpassive. They need to make sure they only deduct the losses that are allowable. They need to determine if they qualify as a real estate investor. This is what we deal with daily. We don’t just prepare tax returns, we prepare them accurately and optimally because we make it our job to know the rules and laws affecting our clients.
States are cracking down; they all want to increase their revenues and some have become ultra-aggressive. Recent court cases have emboldened states in imposing income taxes on businesses that simply have customers in their state. As a result, each state has its own rules and tax rates as well as its own “aggressiveness profile.” If a state tax authority determines (rightly or wrongly) you are operating within its borders, it has the ability to come after you for back taxes PLUS penalties and interest. Whether you are operating in multiple states or providing services to a client in another state, you need to determine your tax exposure there. We have many clients in this situation and know how to analyze the different states’ laws to avoid unnecessary penalties and additional taxes, as well as assure timely filing.
What Our Clients Are Saying
“Working with Bucknam and Conley as our CPA’s has proven to be invaluable. The depth of insight, strategy, and thought they have brought to the table has been unparalleled. Whether it’s how to structure an acquisition, strategic development of a part of our business, helping us spot trends, or good old tax planning their dedication to our success in each endeavor leaves us feeling more like a partner than a client.”
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