Tax Preparation and Planning
As the old saying goes, "Only two things in life are certain--Death
and Taxes". And as we all know, taxes are an ever changing
and complex technical area. Almost every year "tax simplification"
legislation makes its way before the legislature only to add
more complexity to the law whenever it is passed.
Additionally, many states, such as California, which are
strapped for revenues and are continually seeking additional
sources of income, look to tax legislation to solve their
problems. These states are adding significant complexity to
tax planning.
Businesses as well as individuals of even modest means can
no longer ignore tax strategies in their planning and wealth
preservation. Even one of the most basic and fundamental tools,
retirement benefit programs, must become an integral part
of both business and personal tax planning processes. Without
proper and adequate tax planning, thousands, if not millions,
of dollars can be lost needlessly.
At Biggs & Co. taxes and tax planning are an integral
and essential part of the firm's services. Yes, we have a
busy tax season preparing returns for our business and individual
clients, but our tax season is really all year long. Putting
numbers on a form for filing with the tax authorities is really
just a formality. The real tax work is the "front end"
part where we work with our clients to plan their income and
develop strategies to minimize tax liabilities.
Some of the areas of our experience, which are of particular
note, involve corporate structures, including combinations
of S-Corps, partnerships and C-Corps, estate planning and
retirement benefit programs. We also work with our clients
in multi-state, international tax and other complex areas.