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BUSINESS TAX SERVICES
   

We at Clifton Towns & associates believe that one of the most beneficial aspects of our practice is in providing our clients with proactive tax planning. We realize that perhaps the only constant in the field of taxation is change, and we pride ourselves in keeping abreast of the almost daily revisions being made in federal and state tax law. Our team of tax professionals are bound by a strict code of professional ethic and we have obtained our qualifications as EAs through our education and work experience to provide the wide array of tax services required by our individual and business clients.

Of course, simply being knowledgeable in the tax area is fruitless unless what is known can be translated into a tax planning strategy. Our knowledge and training in tax matters and our awareness of new developments and emerging issues enable us to develop effective tax-planning techniques that help our clients to both achieve their individual and/or business objectives and experience a favorable tax result.

What kind of services do we provide? Some people may think that the primary tax function of an Enrolled Agent firm is to produce tax returns at the end of the year. While it is true that part of our role with a client is to prepare tax returns, we like to view a tax return as a type of report card which shows positive results of proper planning which took place throughout the year. Nothing is worse than coming up with a good idea after it is too late for implementation. Unfortunately some CPA firms don't take the time to really get to know their clients, and a good planning idea can quickly turn into an afterthought.

Such IS NOT THE CASE at Clifton Towns & Associates. As our clients will be quick to point out, we take a highly proactive approach to tax planning, and not just a year-end. We encourage our clients to view tax planning as an integral part of their personal and business endeavors, and we have fostered the kind of client rapport which enables us to know and be aware of what is of ongoing importance to our clients.

What types of situations does your firm deal with on a daily basis? Examples of the types of situations our firm deals with on a daily basis include:

   
Assisting an individual client in developing an appropriate estate plan for building and preserving assets while minimizing estate and inheritance tax.
Advising on the tax effects of transferring the ownership of a business among family members.
Obtaining a private letter ruling from the IRS on a complex transaction involving an anticipated corporate reorganization.
Determining the state tax implications of a multi-state manufacturing corporation anticipating establishing a distribution center in a new state.
Providing a business currently operating as a sole proprietorship with the pros and cons of operating a LLC or an S corporation.
Representing a client during the course of an IRS audit by providing various explanations and analysis during the tax examination.
Joining with bankers and attorneys as part of a professional advisory team by providing tax consulting services for a client's real estate joint ventures.
Helping a company establish a pension and profit sharing plan for its employees.
   
BUSINESS PLANNING
   

Running a profitable business is tough. To grow, or even to survive, it is simply not enough to know how to build buildings, manufacture products, sell automobiles, etc. You're constantly faced with people problems, competition, cost overruns, changing laws and regulations, changing technology, valuation issues, financing strategies, etc. The list is endless and the decisions you can make in these areas on a daily basis can enhance your profits or wipe them out entirely.

Risk is a fact of life in your business. To manage risk effectively, you need reliable information from knowledgeable advisors. Where can you turn?

Clifton Towns & Associates is a full-service firm of motivated and dedicated Enrolled Agents and advisors. We understand the challenges facing your organization and will leave no stone unturned in an effort to overcome those challenges.