Tax Planning and preparation
The United States tax system is complex and in a state of continuous change. The use of taxes as an instrument of economic and social policy and the competing objectives of various interest groups has led to frequent legislative changes in the tax laws.
John M. Vail, CPA advises both individuals and businesses on all aspects of compliance with the tax laws. CPAs are bound by a stringent code of professional ethics and are qualified through their education and experience to provide a wide range of tax services relating to personal and business decisions. They prepare tax returns and related schedules, provide advice on tax issues, help individuals and businesses plan effective tax strategies and represent taxpayers before taxing authorities.
John Vail's knowledge and training in tax matters and his awareness of new developments and emerging issues enables him to develop effective tax-planning techniques that often result in substantial tax savings. Similarly, he uses his experience in tax return preparation to explore the many facets of personal finance or running a business. As tax advisor, Vail can provide:
- Tax consulting
- Personal tax planning
- Business tax advice
- Representation before tax authorities
- Other tax services
Business Tax Advice
There are tax implications to most business decisions, such as relocation or changes in inventory procedures. Before making such decisions, consult with John M. Vail, CPA who can give advice on the tax effects of various types of business organizations such as a sole proprietorship, a partnership or a corporation.
He offers sound tax and accounting advice in connection with the organization, purchase, sale or merger of a business. Vail advises business owners on establishing pension and profit-sharing plans and prepare all types of tax reports for such plans.
Representation
John Vail, CPA can act as a client's representative before state and federal tax authorities. Vail might serve as a personal representative, or reply to correspondence concerning tax returns or provide explanations, schedules and other documents in tax examinations.
John Vail, CPA can get involved in specific activities such as:
- Challenging the IRS position regarding issues on which there are conflicting points of view
- Preparing a protest that cites reasonable cause to abate a penalty assessed to an individual for the late filing of a tax return
- Presenting oral and written arguments before an IRS appeals conference
Other Services
The CPA is an important part of your professional advisory team and John Vail, CPA can give advice that is essential for special projects. For example, a tax consulting engagement for a commercial real estate venture will involve the CPA in consultations with the developers, syndicator, investment bankers, architects, construction engineers and attorneys.
In a pension and profit-sharing plan engagement, John Vail, CPA will work with actuaries, attorneys, insurance company representatives, trustees of the plan and investment counselors.
Whether you're concerned about your personal tax return, looking at your company's finances or assessing your financial goals, John Vail, CPA is the professional trained to give you sound advice.
