Tax Planning & Preparation
Any significant event or business decision can have major tax ramifications. In order to minimize current and future tax liabilities, YourAdvantage remains proactive regarding changes in current tax legislation. By evaluating various tax scenarios and anticipating changing tax rules, we will maximize your tax-saving options and provide you tax assistance in the following categories:
- Individuals
- Corporate (including subchapter S and consolidated returns)
- Partnerships
- LLCs and LLPs
- Estates, Trusts and Gift taxes
- Pension Plans
- Non Profit Organizations
- Multi-state tax returns
International Taxation
For corporations and business entities, we can assist with:
- Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations preparation
- Form 5472 Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business preparation
- Partnerships
- Inbound/outbound transactions
- Withholding issues, including calculations and reporting
- Foreign tax credit calculations
- US compliance in connection with ownership of or by a foreign entity (Form 5471 & 5472 reporting)
For individuals, we can assist with:
- Consultation for Expatriates and Inpatriates prior to departure and upon arrival
- Tax Planning
- US individual income tax returns and state income tax returns
- Calculation of tax equalization
- Planning to minimize employer costs and maximize the value of your foreign compensation package
- Foreign trust reporting
- Dual-state issues
- Coordination with home country CPA equivalent
Sales Tax Services
YourAdvantage will prepare your sales tax returns, and in order to ensure accurate compliance, we will make you aware of any revised regulations that may affect your company. Our experts are always available to answer any questions or advise on any sales tax issues that may arise within your company.
