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 Williams & Associates CPA’s, we take a proactive stance toward tax regulations and stay up to date with its evolving changes.

Williams & Associates 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 individuals and business owners are more complicated than ever. We provide guidance as well as fresh ideas that ensure compliance while minimizing liability. From employee stock options and transfers, to royalty and real estate transactions, the Philadelphia area CPA firm of Williams & Associates will make sure that your situation is handled in a compliant and tax efficient manner.

Estates & Trusts

Many of our clients rely on Williams & Associates CPA’s to properly file their estate and trust tax returns, as well as Pennsylvania Inheritance Tax filings. There is much at stake with these filings, and proper compliance can make the difference when it comes time for distribution, settlement and wind down. We have years of experience with these matters and we look forward to helping families preserve wealth and minimize tax consequences.

 

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 . Read more…

 

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.  Read more…

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. Read more…

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