Income Tax Planning & Compliance
Proactive planning, better results.
Most investment and financial decisions you make have tax implications, and we understand that. Without proper planning and guidance, taxes can unnecessarily erode your returns and limit your ability to achieve your goals. Year-round planning and management are prudent parts of successful business and personal wealth management.
Our Tax Team advises privately held businesses and their owners, as well as high-net worth individuals on tax strategies that achieve their goals and minimize tax liability. We work proactively to identify tax minimization opportunities as we explore and evaluate available tax credits, abatements, deductions, deferments, income exclusions, and many other planning tools. Understanding the law and focusing on our clients’ plans and activities allows our Tax Team to effectively match the right incentives with the right taxpayers.
As your business and personal wealth grows, so does the complexity of tax reporting and planning. Our tax experts analyze the tax consequences of your financial transactions to guide your decision-making and planning, provide alternatives to minimize your tax liability, and handle tax reporting to ensure compliance. Taxpayers are continuously challenged by the rules, filing requirements, and disclosures required by different taxing authorities – and the rules are constantly changing. Our Tax Team combines real world experience with extensive professional education to ensure that our clients receive the most up-to-date and accurate counsel.
What we provide:
- Income tax compliance for businesses and their owners
- Wealth transfer and estate planning
- State and local taxation (“SALT”) consulting and compliance
- Merger and acquisition consultation and planning
- Compensation planning and consultation (stock options, phantom plans)
- Retirement plan consultation and accounting
- Tax audit assistance and representation
- Choice of entity analysis
- Business succession planning
- International planning and compliance
Audit & Assurance
They are your numbers, we help you make sense of them.
Assurance services provide our clients the information needed to make better, more informed decisions. Boards of directors, creditors and governmental agencies often need assurance that a company’s financial statements accurately represent the true financial position of an organization.
Our services help clients to be more efficient, strengthen internal controls, and evaluate risk, in addition to fulfilling compliance obligations. Depending on the needs of your financial statement users, you may need to report under different sets of standards or provide varying levels of detail. Regardless of your requirements, we can scale our audit solutions to meet your needs.
Our assurance services include:
- Financial statement audits, reviews and compilations
- Employee benefit plan audits
- Non-profit organization audits
- Agreed upon procedures
- Internal control reviews
Business Management
LET US HANDLE IT.
Our Business Management Department specializes in serving individuals in the entertainment industry, including actors, writers, producers, and directors, as well as executives and high net worth individuals.
Alleviating the burden of handling your day-to-day affairs includes:
- Processing banking transactions, including reconciliations, collecting and depositing income, and paying bills
- Assistance with large property purchases
- Processing payroll
- Assessing insurance needs
- Choice of entity to operate your business
- Financial and investment help
- Budgeting
- Tax return preparation
Financial Advisory Services
YOU NEED A LOT, YOU GET A LOT.
We know you have dedicated significant time and energy to your business and Katz Cassidy has the professional acumen and experience ready to go to work for you. Keep in mind, we are business owners too. We have faced many of the same problems and issues as you and we have decades of collective experience navigating our own company, as well as helping our clients’ companies. We’ve seen a lot, and we’ve done a lot. From helping you set up a pension plan, to transferring your business to your children, to selling your company, we’re prepared to help you along every part of the journey.
A small sample of what we are talking about:
- Budgeting
- Buy/Sell partnership agreement analysis
- Cash management, forecasting and projections
- Accounting system installation
- Insurance coverage analysis
- New venture start-up assistance
- Ownership, capitalization and reorganization planning
- Wage, compensation and incentive planning
