VonLehman's Tax Group is committed to minimizing the tax burdens of individual and closely held business clients in the tri-state region. Our group has one goal: to ensure that our clients pay the lowest taxes allowed by law while ensuring full adherence to reporting requirements. We pride ourselves on staying on top of ever-changing state and federal tax laws. We never miss an opportunity to save our clients money.
As recognized experts in domestic and international tax planning and compliance, we routinely advise clients on the tax implications of important business decisions – including business structure, accounting method, inventory valuation method, depreciation methods, tax year-end and debt-versus-equity capitalization.
- For clients with multi-state operations, we ensure that their practices comply with often-overlooked state and local income and franchise, ad valorem and sales and use tax laws. We also make certain they don't overpay taxes – a common occurrence in multi-state environments.
- For international clients with U.S. operations, we are skilled at preparing global reporting packages and interpreting IRS rules on complex issues such as inventory cost capitalization and transfer pricing.
Proactive Tax Planning
Because so many business opportunities have tax implications, we don't wait until the end of the year to begin tax planning. Our Tax Group proactively looks for ways throughout the year to help our clients minimize their tax burden – by taking advantage of research credits, local and state incentives or energy efficiency deductions. We routinely find savings that other firms miss.
Detailed Tax Code Research
Our tax specialists are often called upon to research complex tax codes relating to emerging business issues. We use sophisticated tax research software and a national network of tax professionals to collect the relevant data and interpret the findings. We also have access to CPAmerica's Dallas-based tax attorney to identify any unforeseen legal risks or obligations. In-depth research grounds our forward-thinking approach to minimizing taxes and avoiding penalties.
Ultra-Efficient Tax Preparation
Our tax teams use an ultra-efficient, paperless system for preparing corporate, partnership and individual returns. Our quality control system ensures both accuracy and compliance. It also provides an extra measure of confidence that we have captured every allowable tax advantage for our clients.
Industry-Specific Tax Expertise
Unlike industry generalists at other accounting firms, our Tax Group has developed industry-specific expertise in several sectors where VonLehman is a market leader. We understand the intricacies of job costing and look-back rules in construction, of LIFO inventory issues in manufacturing and of personal service corporation tax in healthcare practices. This in-depth knowledge yields better advice at less cost because clients aren't paying us to learn their industry.
Employee Benefit Plans
Our Tax Group works closely with our Employee Benefit Plan Group to help employers understand the tax implications of ever-evolving employee benefit and retirement plans. We stay on top of emerging benefit plan options. We counsel clients on how to take full advantage of new laws while complying with complicated federal requirements mandated by ERISA. We also audit those plans when required. Beyond compliance and audits, we evaluate and recommend the best plan to meet each client’s business objectives.