Income Tax Advice and Preparation
At Precision CPA Services, we prioritize prompt service and strategic planning to maximize tax savings for our clients. We offer the following business tax services:
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Business Federal Tax Services
We can help you with all aspects of federal income tax planning and filing. This includes implementing federal income tax strategies that maximize savings, increase profits, and manage cash flows.
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Accounting for Business Income Taxes
We help you calculate tax withholding liabilities, account for uncertain tax provisions, analyze current and deferred taxes, and keep you up to date with regulatory guidance and disclosure requirements. We will minimize any year-end tax surprises to you. We review your tax accounting methodologies for proper accounting and accounting method strategies to maximize income tax benefits.
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Business State Tax Liability Analysis
We can help you understand and navigate where your business is required to file and pay state and local taxes based on multistate activities. Additionally, we will make recommendations of where to file and quantify potential tax liabilities associated with various state and local jurisdictions.
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Research Tax Credit Calculations
We can help your business determine if it is eligible to claim certain federal and state research credits, assist with the documentation requirements, and quantify the amount of the tax credit.
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Business Transactional Structuring
We help structurally economic transactions in ways that minimize the tax impact by advising them on acquisitions, sales, and mergers.
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Business Real Estate Cost Segregation Studies
We have proven cost segregation strategies to accelerate real estate tax depreciation deductions for businesses. This results in a deferral of taxes which in turn increases cash flow. There are certain limitations based on your industry and the year acquired, enhanced, or expanded.
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Tax Audit & Appeal Representation
We possess the expertise and experience to represent you before tax authorities. We understand the dispute resolution and appeals process and work diligently to obtain the most favorable results.
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International Tax Assistance
We can help you navigate the complexities of a variety of international tax planning issues, including the following:
- Choosing the most advantageous type of entity and corporate structure
- Subpart F income determinations
- Foreign tax credit utilization
- Using IC-DISC for tax reduction
- Transfer pricing
- Foreign earnings repatriation
- Foreign withholding and reporting obligations
- Treaty interpretation
Areas of Service: Ballwin, St. Louis, Manchester, Chesterfield, Ellisville, Wildwood, St. Charles, St. Peters, O’Fallon, Des Peres, Creve Coeur, West County