Tax Center

Planning ahead is the key to reducing your tax bill.

Tax Planning

Hoping to save on taxes? Thompson Greenspon CPAs can plan a year ‘round strategy to minimize your tax liability for your business or for yourself. Talk with us about ways to manage your taxes—on your business or personal income, estates, gifts, investments, retirement distributions, and more.

 

Tax Preparation 

It pays to hire experienced CPAs to prepare your income tax return. We'll save you time and money, capturing deductions and credits you might miss. Each year, a consistent, dedicated team, who know your taxes inside and out, will help you, your business, or your nonprofit.

 

IRS Representation

If you need help with the Internal Revenue Service (IRS), rest easy. We can assist in resolving tax disputes for you. We have more than 75 total years working as IRS Examination Group managers and Revenue Agents. When you need assistance with an IRS audit, payment plan, or more, our CPAs know just what to do.

 

Estate Planning

Whether you want to provide for your heirs or ensure a smooth transition for your business, we can assist you. First we learn your goals. Then we create or work with your other estate planning professionals to minimize your estate taxes while meeting your goals. We also assist with estate tax returns and review your plan on a regular basis.

 

R&D Tax Credits

Can you qualify for a research and development (R&D) tax credit? If your company has invested time, money, and resources to advance and improve products and processes, you might. Together, we'll explore the possibility of current and retroactive tax savings.

 

Bankruptcy

If you're thinking of filing for bankruptcy to resolve your tax debt, the CPAs at Thompson Greenspon can help you learn and weigh the options. Through this invaluable planning with seasoned tax experts, you can decide if bankruptcy is the best option for you to resolve your tax debt.

 

Payroll Tax Penalties

Failing to file or pay your payroll taxes can have serious consequences. Thompson Greenspon offers 75 collective years of working with the IRS, giving us in-depth knowledge of how to best represent you. Please call us BEFORE you meet with the IRS.

 

International Tax and Transfer Pricing

International tax is constantly changing, and the IRS is stepping up enforcement and compliance—meaning you need an expert international tax advisor. Whether you are an international investor or a corporation with complex cross-border transactions or transfer pricing regulations, we’ll give you the critical support you need.

 

Cost Segregation

If you own commercial or residential real estate, Thompson Greenspon can assist you with a cost segregation study. This analysis can accelerate the depreciation of tax deductions, which can be more valuable to you now than in the future. While generally applicable to new construction, this tax deferral strategy also allows for the recapture of tax benefits on buildings and building improvements placed in service in previous years.

Our specialists are all seasoned professionals who have years of experience working within your industry. Reach out to us today to schedule a consultation.

talk-to-specialist-cpa-accounting
LATEST POSTS ON TAXES
Rules for Charitable Gaming Activities
Don’t roll the dice Gaming can seem like an appealing and low-cost option for boosting nonprofit revenues. But bingo, poker tournaments, raffles and the like are subject to some strict...
The Tax Score of Winning
Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the...
Employee Retention Credit
Get the Credit You Deserve In response to the financial impact of the COVID-19 pandemic, the CARES Act established the employee retention credit (ERC) to encourage employers — including nonprofits...