Professional Tax Return Preparation
Today’s tax laws are so complicated that unless your financial affairs are extremely simple, chances are you will benefit from at least occasional help from a tax professional. It is too easy to overlook deductions and credits to which you are entitled if you prepare only one return a year. Even the use of computer software is no substitute for the assistance of a seasoned tax preparer.
We prepare tax returns for a living, you don’t. Let us do what we do best so you can do what you do best. We know what to look for when your return is prepared. More importantly, you will have someone to answer your questions during the rest of the year. And we can put you on our mailing list to receive timely tax, business, and financial advice.
Estate and Trusts – We consult with your estate attorney and assist with the formation of trusts during your lifetime to help fulfill your goals for your family and charitable wishes. We also assist with allocation of assets to trusts, minimizing your estate with gifts during your lifetime and with any probate matters. In cases where there are estate controversies, we assist estate litigators in preparing documents and analysis for the litigation and we prepare court or trust accountings in the format required by the probate court.
Individual tax practice – We prepare returns for individuals with various tax issues including investment real estate; investments in partnerships; executive stock options, restrictive stock and other compensation matters; sole proprietorships; pension and investment income; and issues specific to those employed in the arts.
Real Estate Industry – From bookkeeping services to complex real estate analysis, we handle all facets of ownership of real estate properties. We can help in purchasing, selling and exchanging (IRC Section 1031) your properties. We can assist in finding a broker, lender, property manager, or a company to prepare a cost segregation analysis to allocate the purchase price or other basis of the real property. We handle all matters concerning real estate development.
Entertainment Companies – Our firm is located in Century City, in the heart the entertainment industry. Historically, we have represented the full gamut of entertainment companies including a major league baseball team, post production houses, record manufacturers, touring bands, radio stations, film and TV production companies. We advise these clients on credits and tax laws that apply to the entertainment field and assist with professional contacts within the industry.
Professional Service Firms – Medical practices, law firms and consulting companies are a few of the professional services firms we count as clients. Our vast experience as a professional service firm enables us to assist our clients with problem-solving, billing practices, accounting systems, time-keeping software and other issues particular to service industries.
High Technology Companies and Start-Ups – Many successful high tech companies started with an entrepreneur’s idea, were infused with business expertise and eventually, were brought to market. From that initial idea, we are able to advise you on all matters regarding entity formation, tax issues, research and development credits, as well as refer you to legal representation for registering trademarks, copyrights and patents. When it is time to sell your successful company, we can help you facilitate the sale.
High Net Worth / Family Business Services – We understand that high net worth individuals and family businesses are unique and have specific needs. We coordinate our services with investment advisors, insurance brokers, estate planning attorneys and private bankers. We are also knowledgeable about distinctive assets such as private jets and art collections. We work closely with you to help attain your financial business and personal goals.
Nonprofit Organizations and Charitable Trusts – We are able to address the wide range of issues affecting charitable and nonprofit foundations and organizations. We recognize the importance of tracking the most recent state and federal tax changes and the step up in compliance with Internal Revenue Code statutes and regulations. Our tax professionals prepare many of these returns each year and are experienced with their particular issues.
Bankruptcy – We have considerable experience in bankruptcy matters which includes insolvency and preference analysis, tax return preparation and expert witness testimony before the Federal Bankruptcy Court. The firm has performed bankruptcy work for approximately twenty years.
Other practice areas include manufacturing; all facets of the food industry including restaurants, grocery markets, food distributors, farms and ranches; children’s camps; moving businesses; storage facilities.