Business Tax Solutions

Which business structure will be best for your company? LLC? LLP? C Corp? Each entity offers unique advantages, depending on the situation. The PKF Tax Solutions Group can work with you to assess the best structure necessary to maximize operational and tax considerations, while meeting liability protection issues.

For those who own a building or plan to construct one, a cost segregation study offers an opportunity to uncover a tax reduction windfall. Simply speaking, when company owners purchase or construct buildings, the associated costs are allocated between two categories: land and building. The Tax Solutions Group can conduct an analysis that allows us to segregate and reclassify up to 50 percent of your building costs into personal property items that have much shorter depreciable lives than the 39-year life currently assigned to non-residential real property. And because these changes rarely require amended returns, this change, and the resulting tax benefit, is almost immediate in the way it affects your company and cash flow situation.

Ensuring that your business operates well in your or a key executive's absence takes careful planning. Through succession planning strategies, you can be confident that your business is covered in the event a critical player on your management team leaves. And when it's time for you to bid farewell to your company, we'll work with you and your family to ensure your exit is in line with the operational and financial goals of the owners or family members remaining with the company. In addition, we will discuss estate planning issues that may arise if you sell your business.