Our Tax Return Preparation involves preparation and/or review of financial information including but not limited to the following:

• Individual, Partnership, Corporate, Trust, Estate, Gift Tax Return preparation
• Evaluation & Tax Planning for Entity Structure 
• Wholesale / Retail Accounting & Inventory
• Corporation Taxes including Payroll Tax, Property Tax, Sales & Use Tax, Excise Tax, etc
• Cash & Accrual Basis, Revenue Recognition
• Accounts Receivable & Accounts Payable
• Loans, Cancellation of Debt
• Multi-State Allocation & Apportionment
• Consolidated Tax Return for Affiliated Companies
• Foreign Related Parties, Accounts, Assets, and Transactions & Expatriates
• Multi-Currency and Foreign Exchange Gain/Loss
• Implementation of Credits and Incentives
• Financial Statements & General Ledger

At ACCO, we combine advanced technology with deep business acumen to support your success in an increasingly complex corporate accounting environment. Our experienced tax professionals assist in navigating the intricate requirements of today’s tax landscape, including transaction and revenue recognition, filing deadlines and extensions, qualifying deductions and credits, risk management, and liabilities. We also optimize strategies around carryovers such as Net Operating Losses (NOLs), avoid double taxation, monitor credit limitations and expirations, and ensure compliance with statutes of limitations, government programs, and incentives. Through proactive tax planning, we aim to preserve and grow your business and wealth, facilitate accurate tax filings, and prepare you for government inquiries, ensuring your operations remain compliant and positioned for long-term success.

In the face of rapid regulatory changes and evolving tax laws at both local and national levels, global businesses must stay informed on tax developments to ensure transparency and accurate financial reporting. Additionally, as revenue authorities increasingly adopt digitalization, proactive compliance becomes essential. We can assist in developing and implementing a comprehensive tax compliance strategy that aligns with regulatory expectations, supports audit readiness, and enhances your company’s overall objectives, ensuring you remain compliant and competitive in a dynamic environment.

We incorporate tax considerations into your financial statement preparation and analysis to ensure accurate, tax-efficient reporting. Our team collaborates with you to assess the tax implications of your transactions, offering insights on their impact on your financial position and future tax liabilities. We help align your financial statements with current tax regulations, accurately reflecting liabilities, deferred taxes, and credits. By integrating tax strategies into your financial analysis, we aim to enhance profitability, optimize cash flow, and reduce tax exposure, all while maintaining compliance with accounting standards and tax laws.

Effective tax risk management is essential to strategic financial planning. At Applied Accountancy, we proactively identify and mitigate potential tax risks through comprehensive assessments of transaction structures, tax positions, and compliance practices. In case of an audit, we offer strong audit defense services, handling everything from initial response to negotiation, and representing your interests to resolve disputes with tax authorities. Our goal is to protect your business from future audits, penalties, and fines by addressing risks early and ensuring your tax strategies are sound and compliant.

We assist in staying current with the latest tax credits and incentives to ensure no opportunities are missed. Many government programs require up-to-date tax filings, detailed records, and accurate statements for qualification, and some necessitate ongoing oversight through timely filings and reports. Our accounting services lay a solid foundation for business growth while offering valuable insights into available promotions and strategic advantages, helping you optimize benefits and maintain compliance in a competitive landscape.