Tax Planning

There are tax implications in almost every business activity. The lawyers of Shatford Law, tailor their service to minimize client’s short-term and long-term tax burden. We also have extensive experience advising taxpayers in adversary proceedings at both the audit level and in litigation involving the Internal Revenue Service and state and local taxing authorities.

We provide sophisticated tax consulting, planning, and representation for clients in civil controversies before auditors, appeals boards, the United States Tax Court and IRS tax officers. Our lawyers are well-versed in all aspects of partnership, joint venture, limited liability company, and S corporate taxation, and we regularly counsel clients with tax questions.

We also have the experience to help clients with income tax and estate tax audits. Our attorneys are proficient in proactive structuring of personal and business transactions for the most advantageous tax results, all while avoiding tax problems. The firm’s tax planning extends to every other area of practice, including our work in Wealth Planning and Preservation, Business Law and Civil Litigation, Business Organization and Real Estate Law.

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

We make it a priority to keep abreast of current tax laws, complex tax code, and new tax regulations by attending frequent tax seminars.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.
 

We recommend Tax Saving Strategies that help you:

• Grow and preserve assets by keeping Uncle Sam out of your pockets.
• Defer income so you can keep your money now and pay less taxes later.
• Reduce taxes on your income so you keep more of what you make.
• Reduce taxes on your estate so your family keeps more of what you've made
• Reduce taxes on your gifts so you can give more.
• Reduce taxes on your investments so you can grow your wealth faster.
• Reduce taxes on your retirement distributions so you can retire in style.
   

Here's just a few of the Tax Saving Strategies we use:

• Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
• Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate
• Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
• Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
• Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home

Remember, we work for you not for the IRS, however we think like the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.
 

External Tax Audits

Shatford Law audit professionals believe that independent auditors perform the valuable role of being a trusted intermediary between the providers of business information and the users of that information. In the wake of the economic crises and scandals of the past few years, we believe independent auditors are on the cusp of a transformative change. Stakeholders are demanding more transparency, and we are responding - changing how we operate, being proactive in listening to our stakeholders, and embracing Data & Analytics and new processes that are enabling us to make audit more relevant and continue to raise the bar on quality.

Our firm has over 50 years of experience serving clients across the country, Shatford Law has developed a suite of services to satisfy the independent internal audit requirements of Generally Accepted Accounting Principles commonly known as GAAP. Whether through a co-sourcing collaboration with your existing internal audit team, or as your outsourced third-party internal auditors, our mortgage industry professionals provide the expert guidance you need to maintain compliance, reduce risk and improve efficiencies. We have provided audits that have been used by Starbucks, Panera Bread, Visa, American Express and MasterCard Merchant Services.

Innovation is not a concept traditionally associated with audit. But it is at the heart of our strategy in responding to the unprecedented challenges and opportunities we face as auditors. Core to our mission is acknowledging the responsibility we have as auditors to society and the capital markets. Innovations that lead to enhanced audit quality, like our application of lean methodologies to the audit, are important to the organizations we serve.

High quality, independent financial statement audits are essential to maintaining investor confidence. Shatford Law Audit professionals across our firm are committed to the public interest. We comprise of Tax Attorneys, Certified Public Accounts and Enrolled Agents with IRS. Our Tax Attorneys have Masters in Law in Taxation concentrating on United States and International Accounting Standards. Our experienced professionals seek to challenge assumptions and unlock valuable insights based on a thorough understanding of an organization’s business and industry, and innovative audit methodologies and approaches.

Please don’t hesitate to contact us for a proposal. Call us at 866-373-7688.