Business And Individual Tax Planning
Whether you are an individual, sole proprietor, LLC, LLP, or corporation, everyone is concerned about their taxes. Our legal team at Silverman Law Office, PLLC takes the time to learn about you or your business and how best to minimize the government’s tax-bite out of you. Our team approach ensures that you will receive the best attention possible to your personal and business tax matters.
For individuals, we are concerned about your investments, retirement and personal transactions. Our vast experience in handling estate planning, conservation easements, and 1031 tax-free property transactions can be an advantage for anyone, of any income level.
For businesses, we work hard to understand how your business operates in order to decrease your tax liability and create business efficiencies that others may not recognize. If your company operates in multiple states, we can work with your business to minimize the negative affects of the multi-state tax-bite. Our vast experience in contracts is a key ingredient in our ability to effectively work for your business while allowing you to keep the government out of your pocket.
Tax planning with the right team is the key to minimizing the tax affect on your business or personal finances for both short and long term financial success.
Estate planning is often a parallel process to business succession planning. Unfortunately, it often is at the bottom of most business owners’ to-do lists. Without prior planning, problems can arise. Through estate planning, you may decrease the size of your taxable estate by creating trusts for your spouse and children, or through other techniques, such as gifting or selling business interests to family members or others involved in the business. Additionally, irrevocable life insurance trusts can be utilized to provide liquidity to pay estate taxes without increasing the size of the taxable estate.