• Cleveland 216.674.3800
  • Akron 330.867.7350
  • Beachwood 216.292.6120
  • Kent 330.678.5203

Tax Planning & Preparation

We meet with our business clients regularly throughout the year, so we know what’s going on in your business.  Our Healthy Growth checklist ensures we have identified every tax saving opportunity.  This is part of our service delivery – making sure that every client addresses every tax saving opportunity every time.

Choice of Business Entity & Structure

Starting or acquiring a new business, and getting bogged down by decisions that need to be made?  Choosing the type of entity – C Corp, S Corp, LLC, LLP, and how to structure the deal – stock versus asset purchase, ownership – can be overwhelming.  Or maybe you just want someone to sit down with you and help you sort through options and think through the tax and business implications. We will help you assess the options and match them to your needs, laying out the alternatives and scenarios in a clear, concise and straight forward manner.

Cost Segregation Studies

If you have acquired, constructed, expanded or made significant improvements to your commercial property in recent years and have not looked into a cost segregation study, you are likely leaving tax dollars on the table.

A cost segregation study allows you to claim larger depreciation deductions in the early years.  This lowers your tax and frees up those tax dollars for investment in your business.

S Corporation — Income Tax Planning

If you own an S-corporation, determining your taxable income and cash needs for estimated payments throughout the year can be challenging. Partnering our knowledge of tax law with your projections and current financials, we help you anticipate your required tax payments to maintain a healthy cash flow.

Individual/Owner & Family Compensation and Tax Planning

There are many opportunities for “spreading the wealth” among family members. From salaries to rents to dividend distributions, AGP knows many planning techniques for families to lower their overall tax burden.

Like-Kind Exchanges

A like-kind exchange is simply a trade-in of property you own – a building or equipment – when acquiring similar property.  What’s the advantage?  A like-kind exchange allows you to defer any taxable gain you may have on a sale of property.  Pay tax now or later.  We vote for later and we’ll show you how.

Multi-state and Local Tax Return Preparation

Operating business in more than one city or state? Every state and municipality has unique rules and regulations. AGP will complete your state and local filing requirements and prepare the tax returns needed to comply with states and municipalities throughout the USA. We are also well versed in international taxation matters.

Multi-state Nexus Strategic Planning

If you have property or employees outside of Ohio, we keep you abreast of state laws and advise you of the activities that trigger nexus and the need to file tax returns in other states. We can also help you set up your out-of-state operations to reduce or eliminate taxation in that other state.

Tax Credits & Deductions

Tax credits reduce the tax you pay dollar-for-dollar.  Business tax credits are available for research and development, energy saving improvements, and numerous other activities.  Ohio offers a tax credit to small business owners simply for owning and operating a small business. Tax deductions reduce your taxable income.

Our Healthy Growth checklist reviews each aspect of your business annually to make sure you receive the tax credits and deductions you deserve!

Tax Return Preparation

We will prepare your tax returns – for you and your company, federal, state and local jurisdictions as required.  And we will clearly communicate the timing, due dates, and information needed from you.

By staying in contact with our clients throughout the year, we strive to have “No Surprises” at tax preparation time.

Taxpayer Representation before the IRS

Have you received a letter or notice from the IRS?  Don’t panic, we stand by our work, and will be with you every step of the way. Whether the matter requires a simple response letter to the IRS or representation in an audit, AGP will see you through the entire process.