Tax Planning & Preparation

Business Tax Services

Peter Shannon & Co. is committed to helping you realize savings through effective tax planning. We emphasize ongoing tax planning, timely communication and working with you to create a team approach to maximize savings. Frequent communication with your management team and hands-on partner involvement is critical to our ability to be proactive with advice and innovative, timely ideas. Upon request we will schedule tax planning meetings during the year to ensure that you are able to capitalize on any tax-savings opportunities and will be available for consultation on tax issues as they arise. Some of our tax services and resources include:

Tax Planning and Projections

Tax “surprises” can be minimized by proper planning and projections to minimize the tax burden and properly plan cash flow.

• Federal Tax Planning – Our clients are kept up-to-date on the latest regulatory and legislative developments, Internal Revenue Service rulings and other critical tax issues.
• State and Local Taxes – Peter Shannon & Co. tax professionals provide consultation on various state and local tax matters.

Tax Return Preparation

We will prepare or review federal and state income tax returns in a timely fashion.

Tax Updates

We provide information and insights on new tax pronouncements, compliance issues and other notable developments relevant to your business throughout the year.

Individual Tax Services

Changes in the tax environment are opportunities for you. Our tax professionals keep abreast of these changes in order to provide you with tax counsel that minimizes tax payments. Planning is the foundation of our work. You can count on us for creative and objective planning and guidance and the hands-on attention of a partner. And, we can assist when special situations arise which affect your current and long-term financial picture. Turn to us for help with:

Tax Planning and Preparation

• Income tax projections
• Real estate purchases
• Business purchases
• Business investments
• Timing of income and deductions
• Education funding
• Retirement planning
• Estate planning
• Estate settlement
• Residency issues
• Federal and state tax return preparation