Tax Planning and Compliance  Contact Us To Request A Proposal

Guiding you through the maze and complexities of changing tax laws is a challenge that we welcome. Tax considerations are a major element in business and individual financial planning. Our goal is to maximize your after-tax dollars by using the law to your advantage, while avoiding the pitfalls.

Planning

In today’s environment, strategic tax planning can result in substantial savings. Planning requires long-range thinking and constant attention to detail. We offer these skills coupled with a creative approach to your tax decisions.

Compliance

Our state-of-the-art computer systems and software programs enhance our efficiency and accuracy in complying with all federal and state taxing authorities. Our professionals keep on top of the laws and filing requirements of multiple states in order to provide superior service to our clients.

Specialization and IRS Exams

Complex and ever-changing tax laws require specialization, not only in taxation, but also in specific areas of taxation. We go one step further by offering a wide range of expertise in specific types of businesses and industries. We offer our expertise in dealing with revenue agent examinations and appellate conferences.

Business Cycle Optimization

Whether you are starting or acquiring a new business venture, organically growing your business or succession planning, each step of your business cycle is critical. Our expertise can assist you with business entity selection, optimizing your growth goals, acquisition, merger and divestiture structure and succession planning.

Form 1099-MISC and New 1099-NEC

The IRS introduced Form 1099-NEC in 2020, a new form just for reporting independent contractor income. Vrakas Principal, Mary Ellen Michaelson, presented a virtual learning session on information on the new Form 1099-NEC as well as the basics on Form 1099-MISC. The topics covered during this recorded session include reporting income requirements, recipients and deadlines for filing. Feel free to contact us for any additional questions on either 1099 Form.