Tax planning involves the activities and processes taken to lower your business tax liability. Specifically, tax planning means orchestrating every available deduction, allowance, exemption, and exclusion toward the common goal of reducing your tax bill. Every decision you make has tax implications, and no subject is off-limits. We want you to be prepared for any circumstances that life throws at you. Tax services available for your business include:
- Corporate and Partnership Tax: We are highly specialized in serving privately-held businesses and possess the expertise to manage all types of corporate and partnership tax matters, including entities with complex, consolidated, industry-specific, multi-state and international tax considerations. Our team of seasoned and progressive professionals will develop for you a tax strategy that is as unique as your business and tailored to your risk tolerance. When you reach certain stages of your business or your life, we re-evaluate existing tax positions, explore new options and ensure your plan is consistent with your business and personal goals. We are continuously monitoring legislative changes so your tax plan is always focused on maximizing wealth and protecting and accumulating assets.
- New Business Formation and Structuring: At the onset of a new venture, one of the most critical decisions is selecting an entity that is appropriate and advantageous from both a tax and legal perspective. We will provide you with the tax advice you need to get your entity set-up correctly as well as work directly with your attorney so that formation and related equity agreements are structured properly.
- Other Tax Practice Areas: We will work tirelessly to improve your tax position and find opportunities to reduce your tax obligation by discussing and addressing State and Local, International, Estate and Property tax. We will also spearhead any communications with the IRS or State agencies either during an audit or as a result of notices or correspondence.
At the MB Group, we are an experienced team of accounting professionals working to turn tax planning into a competitive advantage for your business. With our comprehensive tax planning solutions, we use our expertise to help you determine when, how, and whether certain business transactions can be used to best reduce or eliminate tax liability. While every business may have different goals, we will tailor a tax planning strategy to best help you achieve the desired outcome.
Instead of waiting until tax season, tax planning is a proactive process where we help arrange your business affairs to either avoid or postpone taxes. Because every business is different, each tailored tax planning strategy can yield a different set of benefits. In either case, some of the most common benefits of strategic tax planning include: 
