Our staff’s wide-ranging experience in both the private and public accounting sector enables us to help you determine the most effective services for your organization. We are committed to making a vital contribution to the success of your business. We work with clients on multiple levels of attest engagements including audits, reviews compilations and agreed upon procedures.
ACCOUNTING, BOOKKEEPING AND BUSINESS ADVISORY SERVICES
Our business advisory professionals have a broad range of experience servicing diversified, small closely held businesses in various sectors. Our services are designed to enable you to succeed and grow your company. We can assist you with:
- Strategic partnerships as your CFO/Financial Services Advisors
- Forecasting and Projections
- Financing decisions including loan procurement
- Payroll Tax Preparation Services
- QuickBooks Training
- Starting a new business
BUSINESS TAX AND ADVISORY SERVICES
Offerdahl Emerson & Company, LLC is committed to helping our clients realize savings through efficient tax compliance and effective tax planning. We emphasize timely communication and a team approach to servicing our clients’ needs. Hands-on tax partner and tax specialist involvement is provided to ensure that our clients receive the most experienced and in-depth technical expertise that we have to offer.
The following are brief descriptions of some of the tax services that we offer:
FEDERAL AND STATE TAX SERVICES
Our tax professionals have the experience and expertise to provide, among others, the following tax services:
- Tax Return Compliance Our core tax service is the preparation of federal and state tax returns. With our high-level of technical expertise, industry specific tax professionals and thorough understanding of federal and state tax laws, our clients are assured that their tax returns are prepared accurately, efficiently and on a timely basis.
- Transactional Structuring We help businesses structure specific transactions in the most tax-efficient manner. In addition, we help businesses minimize the tax impact and take advantage of tax opportunities by advising them on appropriate and advantageous ways to structure business acquisitions, sales or mergers.
- Accounting Method Reviews We review businesses’ tax accounting methodologies to determine if they are properly accounting for income and deductions under current tax law as well as employing available accounting method strategies to maximize income tax benefits.
- Tax Due Diligence Reviews Before a business acquires a new business, we perform tax due diligence reviews to identify federal, state and international tax consequences and opportunities associated with the potential acquisition.
- Tax Credits Identification Our tax professionals have experience in identifying and applying tax credits to a business’ tax liability in order to obtain the maximum tax benefit.
STATE AND LOCAL TAX SPECIFIC SERVICES
We have dedicated state and local tax specialists that can provide, among others, the following services:
- Nexus Consulting and State Tax Liability Analysis We assist businesses with understanding where they are required to file state and local tax returns and pay state and local taxes based on a business’ multistate activities. In conjunction, we make state and local tax return filing recommendations and quantify potential tax liabilities associated with filing in various jurisdictions.
- Sales and Use Tax Determinations We determine the taxability of a business’ sales and purchases of goods and services by jurisdiction as well as the sales and use tax consequences of specific transactions
TAX PLANNING SERVICES
Our tax consulting professionals work with you to identify strategies for maximizing tax savings over both the short and long term:
- Federal Income Tax Planning We help businesses with all aspects of federal income tax planning, including implementing effective federal income tax strategies that allow a business to maximize tax savings, increase profits, manage cash flow and increase net worth.
- State and Local Tax Planning Our state and local tax professionals provide tax planning with respect to all types of state and local taxes including income and franchise, sales and use, property, employment, transfer and other miscellaneous taxes. We assist businesses with identifying and managing their state and local tax liabilities in the most efficient and effective manner. It encompasses structural, reorganizational, transactional and state-specific solutions to mitigate state and local tax liabilities.
- Business Succession Tax Planning We advise closely held businesses on ways to ensure that their businesses will continue to prosper when owners or key personnel are no longer able or willing to lead the company. Proper business succession planning preserves family and business legacies while also planning for potential tax consequences resulting from a substantial change in business leadership and/or a transfer of ownership.
- Individual, Estate & Trust Tax Planning Our tax specialists recommend individual, estate and trust tax planning techniques for preserving wealth and transferring assets in a tax-efficient manner. Our services include tax planning strategies for gifting, retirement, education funding, IRA and pension distributions and charitable giving.
OTHER TAX SERVICES
- Tax Updates Our clients are kept up-to-date on the latest federal, state and regulative and administrative developments through our eNewsletters, Offerdahl Emerson & Company, LLC website and face-face to meetings. We are committed to helping our clients’ businesses be successful by keeping them informed of tax changes and new legislation that will impact their operations. We are in the forefront of identifying emerging tax issues and can communicate them quickly so that they can be immediately addressed and properly acted upon.
INDIVIDUAL TAX SERVICES
Changes in the tax environment may result in opportunities for you. Our tax professionals keep abreast of these changes to provide you with tax counsel that may minimize tax payments. Planning is the foundation of our work. Count on us for creative and objective planning and guidance, along with the hands-on attention of a partner. We can assist when a special situation arises, particularly those that affect your current and long-term financial picture. Turn to us for help with:
- Income tax projections
- Real estate purchases
- Business purchases
- Business investments
- Timing of income and deductions
- Education funding
- Financial planning
- Retirement planning
- Estate planning
- Estate settlement
- IRS and state controversy representation
- Residency issues
- Federal and state tax return preparation