Tax Preparation and Planning
Offit and Roth provides tax preparation and planning services with a focus on corporations, both large and small businesses, as well as nonprofit organizations. Our experienced staff understands that tax laws are constantly evolving, therefore we are sure to stay up-to-date on changing regulations so that we can help our clients effectively maintain their tax reporting obligations.
From corporate, partnership, consolidated and trust tax returns to tax planning and long term solutions, we work with you to assess what needs to be done to ensure you receive all the proper deductions.
We conduct one-on-one meetings with every client to help assess the current tax situation, make a plan on how to minimize the taxes you’re currently paying, and then help create a plan on how to best preserve cash flow and attain your goals. We then help you put this plan into action over the course of the year.
And always, our clients have the peace of mind knowing that we’re only a phone call away when you have any questions or concerns.
Business Consulting and Strategic Planning
In this tough economic climate, we realize many businesses struggle with maintaining cash flow and increasing revenue, all while decreasing costs. We offer assistance identifying areas that may be negatively affecting your profitability and growth, while helping you develop solutions that will take your business to the next level.
Our expert staff acts as a sounding board for management and works collaboratively with your team to help address issues that could be keeping your business from reaching its full potential. We offer assistance with budget forecasting, offer solutions for minimizing expenses and increasing revenue stream, plus offer analysis of opportunities for growth.
Our comprehensive, yet flexible strategies can help you grow your business.
Additionally, we offer consulting services on:
- Accounting software selection and implementation
- Type of entity selection
- Business valuations
- Buying/selling a business
- Computer systems
- Financial and retirement decisions
- Estate, trust and gift planning
High Net Worth Services
High net worth individuals have unique needs that require the advanced training of experienced tax professionals. The tax specialists at Offit and Roth are dedicated to helping you effectively manage your wealth; both for now and for future generations.
We understand that you need a trusted advisor and partner when it comes to your wealth, and work collaboratively with attorneys and financial advisors to assess your current situation, get involved with trust management, real estate decisions and set specific goals for the future of your business and personal investments. Our team will also meet with future generations to gain a true understanding of your current situation and where you need to be for the long term.
Our services include ensuring your business and investment structures are properly set up as well as tax and trust preparation.
Our staff is expertly trained to make sure we provide you with a sound investment structure that will help you reach your goals. We keep abreast of the constantly changing tax laws and reporting requirements to be sure your investments are always compliant. We provide each client with personalized service and act as a trusted advisor for your unique financial situation.
Reviews and Compilations
Reviews and Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We help ensure all your financial information is in order to use for internal reporting, to report to third parties and for banking and investment relationships. We also provide bonded and surety statements particularly for construction companies.
We provide financial reporting on these levels of assurance:
Reviews: We use analytical procedures conducted with limited assurance to provide our clients with an analysis of their financial statements. This information is helpful to report to third parties, such as banks and investors.
Compilations: This is a statement of financial information, typically compiled for internal use. A compilation can be useful to gain a general understanding of your business and bookkeeping system.
We work closely with your team to make sure all information is compiled efficiently and accurately, so we can we provide you with the most up-to-date financial snapshot of your company.
Mergers and Acquisitions
We understand that in order to move forward with a merger or acquisition, there’s a certain level of due diligence you must consider to protect your investment. The experts at Offit and Roth work closely with investment bankers and attorneys, typically on the sell side, to be sure all checklists are completed, due diligence is performed and to provide backroom support. We also do a thorough review of the selling price and determine how much equity is the right amount.
We assist our clients with such critical elements as:
- Tax considerations
- Product/service compatibility
- Competitive tactics and position
- Financial impact
- Cash flow considerations
We offer personalized, efficient support through the entire transaction cycle. It’s our mission to be sure the merger and acquisition process is managed effectively to provide the best outcome for our client.
Estate and Trust Planning
The tax professionals at Offit and Roth handle all aspects of estate and gift planning. Effective planning facilitates the orderly transfer of assets to your designated beneficiaries, provides security for your surviving spouse and gives you peace of mind knowing that your financial affairs are in order.
We can also help to reduce or eliminate the tax due on the transfer of your business or other assets. Our team works closely with local attorneys, prepares 1041s, trust income tax returns and estate tax returns, eliminating confusion and stress for your family. Our tax specialists develop plans to preserve your assets for the financial security of your beneficiaries, so you can rest assured that they will be taken care of in the future.
For business owners, we know that providing business continuity and succession planning is essential. Our experts help guide you through the complex process of taking care of your affairs.