Tax law, tax code, tax credits….
Chances are, you’ve heard these terms more in 2020 than you normally do. It’s true that election years tend to bring much discussion and debate regarding taxing Americans. Perhaps more this year as businesses and employees are watching their budgets even more closely.
The details and knowledge of maximizing tax deductions and credits have always been very complex and we believe is best left to the professionals.
A tax professional’s expertise goes far beyond tax code. Knowing what conversations to have with your CPA can be an incredible benefit to you and your financial goals.
If you’re an individual, consider services such as:
- Tax Compliance and Planning
- Estate and Trust Services
- Wealth Management
- Family Office
If you are a business owner, you may want to discuss:
- Tax Compliance, Planning and Strategy
- Assurance Services
- Accounting and Controllership
- Risk Management Services
- State and Local Taxes (SALT)
- Employee Benefit Plans
Many firms can also provide Employee Benefit Plans, such as:
- Assurance Services
- Tax Compliance – Form 5500
- Advisory
If you are part of a tax-exempt organization, you’ll want to seek a firm with knowledge on how to serve your specific needs:
- Financial Statement Audits, Reviews, and Compilations
- Single Audits of Federal Programs Under OMB Circular A-133
- Agreed Upon Procedures
- Grant Program Compliance, including Unit Cost Reports and NAP and YOP Compliance
- Program and Performance Audits
- Audits of 401(k), 403(b), and pension plans
- Comprehensive Management Letters
- Internal Control and Operational Reviews
- Preparation of Form 990 Information Returns and Form 990T Income Tax Returns
- Cost Certifications
- Unrelated Business Income Tax Issues
Purk & Associates is a full-service CPA firm dedicated to working with you to achieve your goals in a timely, cost-effective manner. Contact our office for a more in-depth discussion about your particular needs, 314.884.4000.
