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:
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 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.
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 .
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 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.