Tax Services

"You must pay taxes. But there's no law that says you gotta leave a tip."
Our goal is to minimize your tax burden

TAXATION EXPERTS

With ever-changing legislation, it may seem like successful and strategic tax planning is a moving target at times – and, at other times, may seem like a labyrinth. As a taxpayer, you want to work with an experienced tax CPA who stays at the forefront of these changes—as well as any industry-specific developments that might impact your business.Whether for corporate or individual, domestic or international, for-profit or not-for-profit, our tax services focus on providing proactive ideas to ensure compliance and put you in an optimal tax position. Our full range of tax services combined with our deep knowledge of tax code provides unsurpassed quality and results for our clients.

Corporate Tax Services

Through a consultancy focus on tax efficiency and minimization, we help businesses concentrate on generating income to maximize growth and profitability. Corporate tax regulations are ever changing and forward-looking companies require advisors who stay current to ensure success. At WGA CPA, we take a proactive stance toward tax regulations and stay up to date with its evolving changes.

WGA specializes in helping businesses solve corporate tax challenges. We hold in-depth knowledge of our clients’ industries and devise original strategies to increase profitability. We proactively advise our clients on the most current strategies with a goal of minimizing taxes. Our most common corporate tax services include:

  • Preparation of tax returns
  • Research and planning of tax mitigation and deferral strategies
  • Optimum entity structure determination
  • Internal corporate tax issues ie. compliance, consulting, planning

Personal Tax Services

Personal tax situations for business owners and high net worth individuals and are more complicated than ever. We provide guidance as well as fresh ideas that ensure compliance while minimizing liability. From pass-through income, employee stock options and transfers, to royalty and real estate transactions,  will make sure that your situation is handled in a compliant and tax efficient manner.

Partnership Tax Services

Partnership tax accounting can become complex in certain situations, and our Partnership clients rely on us to provide responsive tax services which are both compliant and tax efficient.  Partnership tax matters involve much more than just filling out tax returns and sending out K-1’s. We keep a close eye on capital accounts, can recommend changes to allocations or structure when called for,  and we know what to do when changes happen, which they always do. We are a trusted, independent outside advisor to many different types of partnerships. Our Partnership client base includes professional service firms and real estate ventures. 

 

Performed in house

Specialty Tax services

Cost Segregation

A cost segregation study carefully breaks down construction and/or acquisition costs and allocates them to specific asset categories, maximizing depreciation for qualifying costs.  The shorter the depreciable life, the greater your tax deductions and cash flow. This strategy can also enable tax rate arbitrage, trading ordinary rates for capital rates . 

 

R&D Credits

Many day-to-day operations such as engineering, production, quality assurance, sales, marketing, purchasing and information technology all qualify for the R&D Credit. You may be able to retroactively claim the R&D credit for federal and state income tax purposes, obtain significant cash refunds and establish the methodology to claim the credit in future years. 

State & Local Tax

State and local taxes often equal or exceed federal tax liabilities and are a large contributor to operating expenses, which can reduce cash flow. We provide guidance to companies with operations or customers in more than one state to address differences between tax laws and identify credits, incentives and other strategies to ensure strong tax positions across state borders. 

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