TAX SERVICES

A good tax consultant not only knows the tax law to achieve the lowest possible tax when preparing income and estate and gift tax returns on an annual basis, he/she helps you plan to reduce tax over your lifetime. We have the expertise to work with you in a variety of tax planning and preparation situations. Our objective at J & A Associates, LLP is to analyze your personal situation, financial objectives and retirement goals and determine the strategies to help you achieve your plans. This means we must understand all aspects of your financial situation to ensure we are doing the right things at the right time in your life.

Tax Projections
Tax Return Preparation
International Tax Planning & Preparation
Entity Selection
Transaction Analysis
Retirement & Distribution Analysis
Estate & Gift Taxes
Small Business Transitions/Succession
Executive Compensation
College Financial Planning
Personal Financial Planning
Deferred Income & Taxes

Tax Projections
In order to make informed financial decisions and provide an opportunity to do tax planning, it is important to look at proposed transactions before they happen and project or estimate what the income tax consequences will be. We perform these "what if" tax projections for you and provide recommendations on planning alternatives, tax estimates, and related decisions.   top

Tax Return Preparation
We prepare individual and entity income tax returns for federal and all state and local jurisdictions. In addition to income tax returns, we prepare estate and gift tax returns for individuals. As part of our preparation process we are looking for ways to minimize tax during the current year and future periods. We will also advise you of changes in the law or previous years tax preparation that would warrant filing amended returns.   top

International Tax Planning & Preparation
We have significant experience working with U.S. citizens working abroad and U.S. companies involved in foreign trade and business. We also work with foreign businesses and individuals in planning and preparing U.S. and State returns. We have access to all foreign tax treaties and can assist you in analyzing and applying the appropriate provisions.   top

Entity Selection
Businesses can operate in a number of different entity forms. Each form of operation has its own income tax implications. The entity best suited for your operations, which continues throughout the life of the business and changes as the needs of the owners change. Because each business and client are different, we work to help the client to always be in the form of entity which best meets their goals and objectives.   top

Transaction Analysis
If afforded the opportunity, we can help you analyze and determine the most tax effective method for any variety of situations. We are always able to be of more help and value if we are included in the thinking stages of a transaction rather than reporting the results on a tax return.   top

Retirement & Distribution Analysis
Retirement planning consists of providing you with the options available for saving funds for your retirements and monitoring your progress towards your retirement goals. This requires knowledge of your goals and periodic computations of the current situation. When retirement approaches, the focus of the planning shifts to distributions. The tax law provides many options for distributing retirement funds. We will help you understand your options, the related tax implications, and make recommendations consistent with your other goals and objectives.   top

Estate & Gift Taxes
You will work a lifetime to build your estate - net worth. Without proper planning, this hard work can be significantly eaten away by estate and inheritance taxes. We work with you, your attorney and other financial advisors to use specific provisions of the estate and gift tax laws to minimize the amount of estate and gift taxes.   top

Small Business Transitions/Succession
Being able to successfully pass a business on to another family member or trusted employee is very difficult. Many times, the success of this transition/succession is critical to meeting the clients' retirement or estate planning goals. In this area of service, we assist you in planning this process so it will be properly and effectively transitioned through identification and training of the right successor.   top

Executive Compensation
Success of most businesses depends on the employees of that business. When good employees are found, it is important to keep them. We design executive compensation packages that satisfy the employees, meet your goals and objectives, and provide for the best tax advantages.   top

College Financial Planning
Planning for college tuition for dependents incorporates many variables. Some of these are personal choices. Others are financial in nature, including tax-advantaged savings accounts, tax credits, and government programs. We will help you determine the savings plan necessary to meet your goals and objectives and will advise you of the options available to you to save income taxes while paying for college costs.   top

Personal Financial Planning
This type of comprehensive wealth accumulation and preservation planning incorporates many of the above services - projections, retirement planning, and estate planning to name a few. We work with you to craft and monitor a plan that meets your long-term goals and objectives. When necessary, we will coordinate the services necessary from other members of your professional advisory team - legal, investment, insurance, etc.   top

Deferred Income & Taxes
Many assets have deferred income built into them due to appreciation or other reasons. Our goal as tax consultants is to be aware of all of the clients assets, monitor the deferred income and related income taxes, and assist the client in planning for this delayed tax cost in meeting their long-term financial goals and objectives.   top