Tax & Tax Planning
Whether you are an individual or a business, tax planning should be an important consideration as part of a well-rounded financial plan. Our consultants stay current on the latest tax changes and will help you create a plan that will take the hassle out of tax time.
Tax Planning for Business
We take pride in providing strategies, planning and tax return preparation that result in tax savings and compliance for our clients. Our tax specialists possess expertise unique to a vast array of industries and business structures and are committed to keeping in step with the ever-changing federal, state and local tax laws.
Capaldi Reynolds & Pelosi provides tax services and opportunities to corporations, partnerships/ limited liability companies, and individuals throughout the United States, as well as consultation relating to their foreign activities. We assist our clients with resolution of tax controversies, preparation of tax returns, and state and local tax (SALT) compliance. Our focus on planning and quality tax preparation has resulted in the successful financial growth for our clients since 1935.
Tax Planning for Individuals
When was the last time you modified your tax planning strategy?
Reviewing your tax plan regularly is key to proper wealth management. Capaldi Reynolds & Pelosi will help you consider a variety of tax strategies that position you to meet financial goals and preserve wealth, no matter what the future may bring.
Our tax consultants stay up-to-date with the ever-changing federal and state tax laws, and will help you make sense of it all so that you can make informed choices about your financial future. Some options we often discuss with our clients include:
- Potential ways to reduce tax liability
- Possible ways to offset capital gains
- Implications of new tax rates and laws
- Health care considerations
- and more
There is no “one size fits all” approach to tax planning. Let us help you craft a plan that meets your needs and lays a solid foundation for your future.
Meet Our Tax & Tax Planning Experts
Joseph P. Marino, CPA
Partner
Terri L. Marakos CPA, CHBC
Co-Managing Partner
Industry Insights
How Teleworking May Impact Your Tax Obligations
As the COVID-19 outbreak continues, many employers are continuing to encourage or require their employees to work from home (i.e., telework). Such remote working arrangements could potentially have tax implications that should be considered. State tax obligations for...
Proposed Tax Policies of the Presidential Candidates: A Breakdown
When it comes to tax policies, Donald Trump and Joe Biden have two vastly different strategies. Donald Trump and the Republicans would like to preserve the Tax Cuts and Jobs Act (TCJA), which lowered tax rates for most income levels and doubled the standard deduction....
AICPA Issues Guidance on Accounting for PPP Loans and Related Forgiveness
The AICPA worked with many of its volunteer members and the FASB staff and in June issued “Technical Question and Answer (TQA) 3200.18, Borrower Accounting for a Forgivable Loan Received Under the Small Business Administration Paycheck Protection Program.” This...
Paycheck Protection Program Update: When is the “Right” Time to Ask for Forgiveness?
As the summer nears its close, business owners who were able to take advantage of the Small Business Administration’s (SBA’s) Paycheck Protection Program (PPP) are still grappling with a number of questions and issues. At the forefront of these are determining how...
Qualified Small Business Stock (QSBS) Exemption
A non-corporate taxpayer generally can exclude up to 100% of gain realized from the sale or exchange of qualified small business stock held more than five years. Sounds interesting, but how do you determine if you are able to take the Qualified Small Business Stock...
Don’t Panic!
Over the past month, many of us, accountant and client alike, have received a notice from the IRS for underpayment of taxes related to a Form 1041 (U.S. Income Tax Return for Estates and Trusts) that was filed electronically with a balance due. If you filed your...