Our tax experts guide you through the planning process to ensure that there are no surprises at tax filing time. Our tax team is highly knowledgeable in the complexities of tax law, industry-specific tax requirements, effectively representing our clients before the IRS, and niche areas such as SALT (State and Local Tax) Studies and R&D Tax Credits.
To effectively manage these shifts, businesses and individuals need knowledgeable advisors who can optimize tax strategies and capitalize on global opportunities.
SAX’s International Tax Practice features a team of diverse specialists equipped with both global insight and specific local knowledge. Whether you are a U.S. company venturing overseas, a foreign enterprise operating within the U.S., or an individual or family managing international investments, SAX is dedicated to demystifying complexities and ensuring compliance with tax regulations.
Additionally, as a part of the TAG Alliance, SAX provides clients with access to an extensive network of professionals in accounting, auditing, tax, and consulting, enhancing our ability to serve your needs comprehensively.
Reach out to SAX’s SALT specialists for tailored assistance.
Taxing authorities can pose challenges, whether it’s an audit, collection matter, appeal, refund denial, penalty assessment, or other serious issue. Failure to address these matters promptly and accurately may result in significant penalties.
If you receive a tax letter or notice from the IRS, rely on SAX’s dedicated Tax Controversy specialists. We handle federal, state, and local tax matters, maintaining open communication with tax authorities to ease your burden. Our expertise spans income tax, payroll tax, sales tax, and estate and trust issues. We’ll develop a concrete plan to resolve your situation swiftly, often with minimal penalties.
Beyond addressing current controversies, we take proactive steps to minimize future tax liabilities identified during audits, particularly for multistate businesses. Trust in our skill and experience to mitigate or eliminate your tax problems, allowing you to focus on your work.
Our subject matter experts of BIG 4 Alumni Practice Leaders and staff have the industry depth and breadth to truly understand each client’s specific industry sector. The SAX Federal Tax Credits & Incentives Practice has deep subject matter expertise within the subsequent industries.
Our subject matter experts ensure all applicable statutory, administrative, and judicial interpretations are adhered to and issue an IRS Audit Technique Guideline compliant report to properly identify, gather, and document Federal Tax Credits & Incentives, including, but not limited to:
To learn more and schedule a complimentary consultation, please contact Peter J. Scalise, SAX’s National Partner-in-Charge of the Federal Tax Credits & Incentives Practice at pscalise@saxllp.com
Many public and private companies are faced with intense scrutiny associated with accounting for income taxes, due in large part to the inherent complexities of tax law, and the overwhelming amount of analysis and documentation required to reduce the risk of a misstatement in their financial statements.
For many companies, adequate internal resources are not always available for the effective and timely preparation and review of tax provisions. Preparing the tax provision analysis for independent auditor review is an overwhelming and often labor-intensive task. SAX recognizes that this can have a significant impact on a company’s balance sheet and income statement. The need for an independent accounting firm with strong technical skills both in the tax and financial areas is imperative.
SAX’s Tax Accounting & Provision Services is offered to both private and public companies, and our professionals are highly experienced and well positioned to assist companies with the preparation and/or review of tax provisions. In addition, SAX can assist with every facet of tax accounting, including supporting quarterly and annual income tax provision calculations, validating tax balance sheet accounts and implementing new accounting standards.
Whether you require technical review assistance, full outsourcing or staff co-sourcing assistance, SAX has the resources to handle your company’s interim and year-end tax provision needs in an accurate and timely manner. By keeping current on new tax laws and legislation, the firm’s experts can help to identify key tax planning opportunities that minimize your current and future tax liabilities.
Whether you’re part of the 1% or not, we’re committed to assisting you in crafting a plan that not only strengthens your wealth but also lightens your tax load.
Trust and estate planning aren’t just checkboxes; they’re crucial steps toward securing the future of your loved ones and ensuring the enduring success of your business. Given the complexity of this process, having the right partner by your side is paramount. Our team offers unparalleled expertise and personalized guidance tailored to your unique needs and aspirations.
Our team of seasoned professionals specializes in guiding individuals and families through the intricate landscape of estate taxes with precision and care.
From meticulously crafting personalized estate plans to navigating complex tax regulations, we’re dedicated to safeguarding your assets and ensuring your wishes are honored. With our comprehensive suite of services, including estate tax planning, trust administration, and wealth preservation strategies, we empower our clients to leave a lasting impact for generations to come.
As fiduciaries, we recognize the weight of your responsibilities and the necessity for precision.
At SAX, our team of seasoned trust and estate professionals is dedicated to assisting fiduciaries in meeting both state and federal reporting requirements while controlling associated costs. With a deep understanding of intricate tax laws, we strive to streamline processes, minimize risks, and capitalize on opportunities for asset protection and wealth preservation.
For planning to be effective, it must be conducted throughout the year, not just at year-end. We believe that filing a tax return is a “non-event” – merely a reflection of the planning that was done throughout the year. There should be no surprises when it comes time to file tax returns.
Regulations and requirements are constantly changing, and we must be mindful of tax consequences. SAX advisors are ahead of it all, and believe knowledge and communication is the key to a healthy and productive partnership.
At SAX, we specialize in crafting personalized wealth transfer strategies that safeguard your assets and secure your legacy for generations to come.
Our comprehensive suite of services encompasses asset protection, life insurance planning, estate and gift planning, and business succession. Whether you’re seeking to shield your wealth from potential risks, optimize your life insurance coverage, minimize tax liabilities through strategic estate and gift planning, or ensure a seamless transition of your business to the next generation, our team of experts is here to guide you every step of the way.
Planning is important not only for estate tax considerations but also for asset protection purposes. Asset protection trusts are mechanisms available under current law in certain states that can enable individuals to remove assets from the reach of their future creditors. An individual may be able to retain access to the income generated by such assets.
It’s important to evaluate life insurance coverage regularly to confirm that you have sufficient insurance in place but not too much to satisfy your insurance needs. Consider the purpose of the life insurance: Is it intended to replace your income? Is it intended to cover estate taxes? Did you buy it to care for minor children who are now grown?
Life insurance should usually be owned by a life insurance trust. Estates are taxed on their value as of the date of an individual’s death. If someone owns a policy on her own life, the value of that policy as of the moment of death is equal to the policy proceeds – all of which will be included and, potentially taxable as part of her estate.
Exiting a business, whether by selling it or by transferring it to the next generation, can be a daunting process. By putting together a structure that considers both ownership and management succession, you can move your business forward successfully.
Strategic charitable giving can enable a charitably-minded individual to accomplish estate planning goals while also garnering a current income tax benefit. Ranked from basic to most sophisticated, the following is a very broad view of the categories available to prospective donors wishing to make charitable contributions:
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