Abacus Tax Service provides a wide range of services to individuals and businesses in a variety of industries. At Abacus Tax Service, we strive to meet each client’s specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:
- Individual, Estate, Gift and Trust Tax Preparation
- Corporate, Partnership and Business Entity Tax Preparation
- IRS Representation
- Merchant Marine Tax Preparation
Individual, Estate, Gift and Trust Tax Preparation
In addition to the yearly Form 1040 that individual taxpayers must file, we prepare returns for other taxable events, including estate returns, gift returns, and trust returns.
Corporate, Partnership and Business Entity Tax Preparation
We prepare returns for a broad range of business entities, including corporations, partnerships and nonprofits.
Expatriates or US citizens working abroad have a unique set of circumstances that require a particular expertise. Many expats employed by US companies also have unique reimbursement plans sometimes called Equalizations. We have vast experience in both areas.
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.
Merchant Marine Tax Preparation
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We provide a wide range of services to individuals and businesses in a variety of industries and strive to meet each client’s specific needs in an ever-changing financial and regulatory environment. Our consulting services include:
- Tax Management Services
- Entity Selection and Restructuring
- Cash Flow and Budgeting Analysis
- Mergers, Acquisitions, and Sales
Tax Management Services
At Abacus Tax Service, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Abacus Tax Service can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
Cash Flow and Budgeting Analysis
Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Abacus Tax Service can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business’s ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business’s success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you’re buying, selling, or considering a potential merger, Abacus Tax Service can provide professional know-how to help you successfully structure and negotiate the deal. We employ careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.