Tax and Attestation Services
Domestic Tax Services:
Adviseinc provides comprehensive tax services for businesses and high net worth individuals including:
- Tax compliance for income and estate & gift taxation
- Tax review for businesses and individuals
- Review and compilations for businesses
- Review and structure transactions including M&A, restructuring, and re-capitalizations
- Form legal entities including offshore entities
- Payroll services including online payroll services, direct deposit, payroll tax filings
- Prepare other miscellaneous tax filings like sales tax ,property taxes, and business license fees
International Tax Services:
Adviseinc provides an international tax service for multinationals including:
- Preparation and review of Form 5471(s) and Form 5472(s)
- Analysis of foreign tax credits
- Review of transfer pricing and comparables
- Work with alliance partners at foreign CPA firms in China, Europe, Middle East, South America
- Preparation and review of expatriate tax returns
Accounting Services:
- Provide a team of dedicated accounting professionals to develop and maintain accounting systems including Quickbooks POS, Quickbooks, Peachtree, Oracle SB, MAS 90, Microsoft Accounting, SAGE, Timberline and other accounting software
- Prepare bank reconciliations
- Prepare payroll entries
- Review and adjust accruals
- Provide quarterly and annual financial statements
- Prepare compilations, reviews, and audits of financials statements for non-public entities including non-profits.
Research and Development Tax Credit
Adviseinc provides R&D federal and state tax credit services. These credits are incentives to improve innovation and encourage risk-taking for companies that do business in the United States.
In general, a 13% return on investment can be obtained for qualified R&D expenditures. This means that a company that spends $100,000 in any given year on qualified R&D expenses, can capture $13,000 of R&D tax credits to reduce its taxes. In most cases, Adviseinc can help determine uncaptured qualified R&D expenditures. R&D tax credits are a dollar for dollar benefit and can instantly reduce federal and state taxes and improve cash flow. Credits are open for a span of three to four years, and amended tax returns may be filed to claim credits not previously determined.
Adviseinc helps provide services to review and determine qualified R&D expenditures, perform the federal and state credit calculation using the most appropriate method, and develop R&D accounting and documentation. We document the credits and have defended the credits with the appropriate taxing authorities.
You may already qualify for R&D credits. R&D activities can include the
following:
- Develop prototypes
- Improve processes, techniques, formulas
- Design tools, jigs, molds, & dies
- Develop and apply for patents
- Conduct testing
- Utilize new materials
- Integrate, design, and modify new equipment
- Develop and improve production and manufacturing processes
- Develop software
- Improve new manufacturing facilities
- Automate and streamline internal processes
- Expend resources on outside contractors for above activities
- Utilize rental equipment for above activities
- Procure supplies for above activities
Industries that qualify include entertainment, aerospace, manufacturing,
software, engineering, agricultural, retail, distribution, consulting, and
many other businesses.