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Client Services
Accounting & Bookkeeping
Audits, Compilations & Reviews
Income Tax Services
Management Advisory
Nature of Practice & Clientele

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Income Tax Services

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:

Tax Planning
Tax Return Preparation
Business and Personal Budgeting
IRS Representation
Estate and Gift Planning
Employee Benefit Plans

Tax Planning

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas which negatively affect profitability and growth then develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:

Accounting Software Selection and Implementation
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we are exposed to most programs through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.

Type of Entity Selection
Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Buying/Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.

Retirement Decisions
Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.

Estate, Trust and Gift Planning
Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Tax Return Preparation

Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.

IRS Representation

During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.

Estate and Gift Planning

Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Employee Benefit Plans

The accounting and tax issues involved with employer-provided benefit plans can be overwhelming. We can assist with the development, implementation, and administration of your employee benefit plan.

 

 

 

 

Wolf, Tesar & Company, P.C. is a member of:

   

ABOUT US | OWNERS / PARTNERS | CONTACT US | EMPLOYMENT

ACCOUNTING & BOOKKEEPING | AUDITS, COMPLICATIONS & REVIEWS | INCOME TAX SERVICES |
MANAGEMENT ADVISORY | NATURE OF PRACTICE & CLIENTELE

©2011-2017. Wolf, Tesar & Company, P.C.
1415 Valle Vista, Pekin, Illinois 61554 | 309.346.4106
www.WolfTesar.com