Business Tax Services

The best way to stay current on all the ways your business can save time and money is to enlist an experienced accounting firm. SVA can help you with:

• Accounting Methods
• Consolidated Multi-Entity Tax Returns
• Entity Selection, Formation, and Structure Planning
• Executive Compensation Models
• Inventory Method Planning
• Ownership Planning

Tax planning should occur all year long, not just at year-end. SVA’s tax team is always in the know about the latest legislation and will help you minimize your business tax burden. Along with all the tax credits listed above, SVA can also help you with:

• Buying vs. Leasing
• Depreciation Method Planning
• International Tax and Foreign Reporting
• IRS and State Audit Assistance
• Transaction Strategies

The tax-deferred exchange remains the most important tool in planning for non-personal real estate transactions. The 1031 exchange is a swap of one investment property for another, allowing capital gains to be deferred.

We work with clients to navigate the many rules and regulations that affect these transactions. We also will act on our clients’ behalf to arrange and act as a liaison between the various other professionals required to complete the transaction according to strict IRS rules.

BIZ TIP: Defer Capital Gains on Investment Properties With a 1031 Like-Kind Exchange

There are many tax credits currently available, along with new ones available each year based on stimulus legislation and changing presidential leadership. Here are a few SVA can help you with:

• Energy/Fuel Tax Credits
• Low-Income Housing Tax Credits
• New Markets Tax Credits
• Rehabilitation Tax Credits
• Research and Development Tax Credits
• State Tax Credits
• Wisconsin Manufacturing Tax Credits

Nexus, also known as sufficient physical presence, determines whether an out-of-state business selling products into a state is liable for collecting sales and use tax on sales into the state. Nexus is required before a taxing jurisdiction can impose its taxes on an entity. Congress enacted Public Law 86-272 which protects companies with only minimal state activities from being taxed.

Our professionals can assist you in determining your company's multistate tax situation, take steps to insulate your activities from overzealous states, and minimize your overall state tax liability.

Everyone is familiar with sales tax and the role it plays as a consumer. However, understanding the complexities and laws involved with sales and use tax as it applies to business is another story.

Reduce the impact of sales tax on not only your business but your customers by proactively planning for the tax consequences of your business-related activities.