BUSINESS TAX SERVICES
One of the first decisions facing a business owner is the choice of entities. Available options include proprietorships, partnerships, associations, corporations, and limited liability entities. If a corporation is selected, the owner must choose between C and S status. These decisions depend on a variety of tax and non-tax considerations. We can help you understand the advantages and disadvantages of each form and apply them to specifics of your business. Back to Tax Planning and Preparation
Tax Preparation And Compliance
Robert Craven, CPA provides counsel on ways to achieve personal and business objectives with minimal tax burden.
Clients range from individuals, privately-owned corporations and partnerships to tax-exempt organizations and the related professional advisors for each of these groups.
We provide full individual tax services and have experience in sales of personal residences, planning for business transactions, divorce settlements, and planning to minimize the alternative minimal tax.
A number of clients began with us as a result of a personal relocation. For this reason, we are familiar with many state filing requirements outside of Pennsylvania. In addition, many Canadian expatriates have used our services for complying with both U.S. and Canadian requirements.
We are experienced in the formation, operations and tax requirements of all types of business ventures. Depending on your specific facts and circumstances, we can help you select the appropriate entity for your business. Back to Tax Planning and Preparation
You can gain senior level expertise so that you can remain focused on your vision. Many business owners and entrepreneurs are expert in a specific discipline. Most understand their clients' needs and spend most of their time addressing those needs. We offer you the opportunity to outsource your financial management functions at a significant cost savings compared to building, housing, equipping and managing an internal staff. We offer you the ability to gain a CFO and a strategic advantage to grow your business. We can be your financial/accounting department. In addition, our office can be your office. We can provide complete communication services including telephone and mail.
Business management clients include businesses, non-profit associations and high income individuals. The unique needs and requirements of each client allow us to provide a customized offering to address each client's needs. Back to Tax Planning and Preparation
Automation of Your Accounting Functions
No longer is the cost of computer hardware a barrier to automating your accounting systems. However, the proliferation of choices for both hardware and software can make this a difficult decision. We can help you evaluate your options. The nature of your business, your transaction volume, number of customers, and the capability of your staff all must be considered. After the decisions have been made, we can assist with the implementation and training to ensure than you begin to see productivity improvements as a return on your investment. Back to Tax Planning and Preparation
It has been well documented that more than 60% of new businesses fail to make it past their fifth year. Generally, this reflects a mismatch between expectations and reality. Don't dismiss a business plan as an unnecessary document for planning wonks. A properly prepared plan can help you identify and avoid problem areas before they arise. A comprehensive plan will address your company's strengths, weaknesses, opportunities and threats. Competitors should be considered as well as various options to enter the market, i.e. build vs. buy. Comprehensive financial projections with a series of assumptions and sensitivity analysis should also be included. Finally, in addition to being a valuable internal tool, a business plan is usually instrumental in attracting external funds from investors or lenders. Leverage our broad expertise in this area when you are evaluating a new business opportunity. Back to Tax Planning and Preparation
Inadequate funding has contributed to the demise of many ventures. Tapping into personal reserves or those of relatives is a common source for many start-up businesses. As the business grows, there is usually a time when outside funding is required. This might involve a bank loan, the recruitment of a partner or attracting venture capital money. We can work with you to evaluate your options and position you for success in acquiring the necessary funds. For the more compelling opportunities, private investor groups can be involved to provide the necessary funding. Back to Tax Planning and Preparation
As your business evolves and most organic growth opportunities have been tapped, external opportunities might be pursued. This could involve either vertical or horizontal acquisitions. We have significant mid-market acquisition experience with transactions ranging from $100,000 to $20 million. Candidate screening, negotiating and due diligence are included in the scope of services provided. Back to Tax Planning and Preparation
We provide business valuation and advisory services to meet client needs regarding tax planning and compliance, estate planning, and litigation support and dispute resolution. Because the ownership interest in privately-help companies often represent a significant portion of one's estate or portfolio, business valuations are needed to establish an accurate assessment of value for the business, enterprise or related intangible assets. With significant experience and professional credentials, we are committed to the highest ethical and professional standards to ensure an objective valuation. Back to Tax Planning and Preparation
The world-wide web, the internet, html, home pages…what does it mean? With the explosion of the internet and the shift of delivery systems to include "e-commerce", nearly everyone is exploring how the internet will affect their business. Are your competitors on the internet? Will you be on the leading edge or the bleeding edge of technology? We can help you to understand some of these questions so that you can begin to incorporate these issues into your long-term and short-term plans. We can help you to evaluate your options and understand how this emerging technology should be viewed and the manner in which you should embrace it. Back to Tax Planning and Preparation