Keeping up with the constantly changing tax laws that affect you both personally and your business can be an overwhelming task. These changes in tax laws are primary reasons you need an accountant with specialized expertise and clear understanding of your objectives. Our tax professionals understand the complexities of taxation and work diligently to stay on top of the new regulations and changes that impact you and your business.
Like many firms, our tax professionals provide tax compliance services for individuals and small-businesses throughout the St. Louis region. What differentiates us from other firms, is our integrated approach to tax compliance, tax planning, and financial strategies. This unique approach delivers tailored, innovative, and proactive solutions designed to ensure compliance while helping you achieve your overall financial goals.
Wise Tax Service, Inc. professionals specialize in the following areas:
Tax Compliance/Preparation
Our tax compliance team consists of highly-qualified tax professionals, focused on ensuring accurate and timely tax compliance for individuals and small businesses. Our team works tirelessly to prepare your tax returns in an efficient manner while focusing on minimizing your tax liability. Our tax compliance services include:
- Return Preparation Services
- Estimated Tax Planning
- Alternative Minimum Tax (AMT)
- Fixed Asset Accounting
- Tax Accounting
State and Local Taxes (SALT)
As State and Local budgets shrink, these agencies continue to look for opportunities to increase tax revenue, adding to the already complex nature of existing state income tax regulations. Schmersahl Treloar’s SALT professionals have extensive experience with state and local tax management with small and midsize companies. Trust us to manage your state income tax liabilities, comply with taxing jurisdictions, and minimize your exposure. Our team provides expertise and value in the following areas:
- Sales, Use, and Excise Tax – Compliance and Audit Management
- Voluntary Disclosure (VDA)
- Tax Controversy
Projections and Forecasting
An essential piece of limiting your tax liability is properly projecting your operating results or forecasting your expected income and deductions in future tax years. Our team of tax professionals assist you in developing and continually updating this information, eliminating surprises upon return preparation and minimizing your tax expense in both the short and long term.
Estate and Succession Planning
Estate and succession planning is a critical process which requires a comprehensive strategy that will help you transfer your business and financial assets to the next generation. To achieve this goal, you need trusted business advisors with a complete understanding or your assets and goals, as well as expertise in changing tax laws and emerging business strategies. Our tax professionals can help you develop a detailed plan to seamlessly transfer your assets as desired. Our planning services include:
- Estate Planning
- Business Succession Planning
- Ownership Transition Planning
- Management Succession Planning
- Education Funding
- Personal Financing Planning
Research
Oftentimes your business is confronted by a unique business challenge or potentially impacted by an emerging tax regulation. We recognize that you need to stay focused on running your business and do not have the time or resources to gain a full understanding of these issues. Our tax team utilizes the latest research tools to study and perform detailed analysis of each situation, forming a consensus understanding of the related tax impact and recommending the best course of action.
Entity Selection
A seemingly simple decision like how to organize or incorporate your business can have a significant impact on your operations and overall financial health of your business and personal assets. Our team works to understand the ownership structure, projected operating results, and overall financial goals. This method allows us to recommend the most advantageous entity structure for your business and ensures your business begins on the right path.
Representation before Federal and State Agencies
When called upon, our tax professionals work with taxing agencies and thru legal channels to ensure you are properly represented and treated fairly in any compliance audits, requests for information, or legal action concerning tax positions or disputes.
