A game-changer for your bottom line

You’re the expert when it comes to running your business. But if you’re ready to take it to the next level, consider adopting a comprehensive tax strategy and tap into REDW’s deep pool of tax expertise.

Whether you’re a multistate or international company, a trustee for a trust or estate, or an impassioned entrepreneur, REDW’s team of experts is ready to help you both minimize your tax liability and capitalize on tax-efficient strategies to pave the way for growth.

Tax Services

No tax situation is too complex

  • Accounting for income tax provisions under ASC 740 can be tricky for both public and private companies. We prepare complex calculations and help business owners understand and report on the overall effects to their business.
  • When C-corporations change hands and IRC Section 382 limitations apply, we dig into the financials to unearth tax benefits that will become available upon transfer of ownership.
  • Clients in need of entity restructuring receive expert guidance on tax-efficient strategies that consider complex tax implications.

What are common business tax services for my business?

Business tax services are crucial for business owners who need to navigate the complex system of federal, state, and local taxes. These services encompass a broad array of tax-related functions, such as preparation, filing, planning, strategy, and compliance checks.

Let’s take a look at some common tax services for your business:

  • Tax Return Preparation: Tax pros are experts in preparing tax returns that ensure all information is accurate, avoiding potential penalties or fines.
  • Filing Federal and State Tax Returns: Armed with extensive knowledge and the latest tax software tools, tax professionals are skilled at properly and efficiently filing federal and state tax returns.
  • Ensuring Compliance with Tax Laws and Regulations: Professional business tax services make sure the business adheres to all tax laws and regulations, mitigating the risk of legal complications and penalties.
  • Tax Planning and Strategy Services: A strategic approach to tax management can result in significant savings for small businesses.
  • Analyzing Financial Statements and Tax Documents: A thorough analysis of a business’s financial records allows tax pros to identify any discrepancies or inaccuracies, a crucial step in tax preparation.
  • Identifying Tax-Saving Opportunities: Tax experts can identify applicable deductions and credits to minimize tax liability, thus maximizing financial resources.
  • Assisting with IRS Audit Preparations: Professional tax advisors provide expert assistance in IRS audit preparation to validate the accuracy of tax returns.

REDW Tax Consulting Services

While some tax strategies have broad application, members of our Tax Consulting team have particular expertise in the following:

  • Accounting for Income Taxes (ASC Topic 740)
  • Business Formation/Entity Selection
  • Buy-versus-Lease Analysis
  • Change of Accounting Methods
  • Controversy and Dispute Resolution
  • Equity & Incentive Planning
  • Dissolutions
  • International Tax
  • Last In, First Out (LIFO) Inventories
  • Mergers & Acquisitions
  • Pass-through Entities
  • Premarital and Divorce Tax Planning
  • State and Local Tax (SALT) 
  • Opportunity Zone Planning
  • Representation before IRS & other taxing authorities
  • Succession Planning
  • Transaction Analysis
  • 1031 Exchanges and Reverse Exchanges
Think of your REDW tax consultant as the C-level colleague you can have easy conversations with about important business issues—a trusted ally who is able to speak to complex issues and see the big picture.

Christina C. Roderick, CPA, MST, CGMAREDW Principal and Tax Practice Leader

Specialized Tax Industries

  • Auto Dealerships
  • Construction & Real Estate
  • Commercial
  • Gaming, Hospitality & Leisure
  • Professional Services (architects, attorneys, engineers, physicians)
  • Technology
  • Wholesale & Retail

How to Choose the Right Business Tax Service Provider

If you are a business owner, one of the best decisions you can make is to work with a reliable business tax service provider. Navigating tax situations can be daunting, but professionals in this field can help you deal with everything from business tax filing to payroll services. Whether you’re seeking small business certified tax pros or advisors who go beyond tax management and help you grow your business long-term, REDW is here to help.

Key Business Tax Services Considerations

Evaluate Experience and Expertise

When it comes to business tax services, experience and expertise really matter. Look for a provider who has been in the industry for a while and has a track record of successful case resolutions. REDW has 70 years of experience providing comprehensive accounting and audit services. Today, our team of more than 250 professionals serves thousands of clients across the United States and internationally to offer a complete suite of business advisory services and support.

Understand Their Range of Services

Business tax service providers may offer a variety of services to accommodate diverse business needs. It’s important to understand these services in order to choose the most suitable to help you achieve your business goals.

One of the key missions of REDW is to provide a wide range of services to help you at every stage of your business growth. Whether you need standard tax services or wealth management, we take a holistic approach to helping manage your business’s finances.

Assess if Their Services Align with Your Specific Tax Requirements

Different mid-sized and small businesses have different tax needs. Ensure that the business tax service provider offers services that match your specific needs. If you’re a sole proprietor who needs payroll services, make sure they can handle this. REDW serves a wide range of mid-sized and specialized businesses to help them manage their finances and growth.

Consider Pricing and Value

The cost of tax services varies. Understanding pricing structures and the value offered can help you choose a provider that’s within your budget and meets or even exceeds your expectations.

Benefits of Hiring Business Tax Services

There are numerous advantages for a business owner who utilizes business tax services. At REDW, our tax experts are flexible and work with your existing team of attorneys, financial planners, bankers, insurance agents, and other advisors to provide you with big-picture, high-value benefits beyond tax advisory.

Expert Knowledge and Experience

Access to tax professionals well-versed in business tax laws and regulations ensures accurate and compliant tax filing. This expertise also allows businesses to stay up-to-date on the latest tax regulations, minimizing potential fines and penalties associated with non-compliance.

Time and Cost Savings

Business tax services can offer substantial time savings by outsourcing tax responsibilities. The use of experienced professionals and tax software streamlines work, saving time for small business owners, and can significantly reduce the risk of penalties.

Effective Tax Strategies

Tailored tax planning for business owners can significantly reduce overall tax liability and improve cash flow management, ensuring business funds are efficiently utilized and enabling smarter, more informed decision-making

Peace of Mind

Business owners can alleviate tax season stress by hiring business tax services. Accurate and timely tax filing and dedicated support during audits can provide relief, knowing that they’re prepared for various tax situations.

Frequently Asked Questions

Is it worth paying someone to do your taxes?

If you own a business, investing in tax services is a smart choice. Tax professionals not only help with filing taxes but can be instrumental in helping you find tax incentives and create a strategy for long-term growth.

Which tax agency is the best?

The right tax agency for your business depends on a multitude of factors, including the size of your company, your tax service needs, your budget, and more. Talk to different tax services companies to find the right fit.

About REDW Tax Services

Smart tax management is one of the foundations of a successful business. At REDW, our experts are here to help you succeed. Tap into our pool of expertise and experience to minimize your tax liability, capitalize on tax-efficient strategies, and discover new ways to use tax credits to grow.

Here to Help You Succeed

Whether you’re an international company or an entrepreneur, we’re here to help. Let us join your business as your extended team, helping you meet and surpass your growth goals.

Connect with us today to learn more

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