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5.0 stars | 5 reviews
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5.0 stars | 5 reviews
With our tax expertise, MMB CPAs & Advisors provides clarity and optimization from returns to audits and everything in between. Let us prepare, plan, and represent you before the IRS.
Since the adoption of the most recent version of the Internal Revenue Code in 1986, the Internal Revenue Code has only gotten more complex as Congress has enacted a number of tax law changes that make it increasingly harder for taxpayers to navigate. The Tax Cuts & Jobs Act (TCJA) introduced a number of changes that significantly altered the landscape for many individuals and businesses. The COVID-19 pandemic induced the passage of a number of other pieces of tax legislation through the enactment of the CARES Act, the Consolidated Appropriations Act of 2021, and the Inflation Reduction Act (IRA). To complicate matters even more, many of these changes were not adopted by state and local governments, causing a disconnect between federal and state law. At MMB, we stay up to date on the latest federal, state, and local legislation so you can have the confidence that your business, individual, trust, estate, and gift tax returns are prepared by tax professionals who stay up to date on the latest tax developments.
No person or business wants to pay more in taxes than they are required to pay. Judge Learned Hand once said, “Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” At MMB, we seek to put Judge Hand’s words into action and look for ways to minimize our clients’ taxes so that they have more money to reinvest in their businesses and more money to put in their pockets.
Disputes sometimes occur between taxpayers and the government regarding the amount of tax owed or whether tax is owed at all. Our team has experience dealing with federal, state, and local taxing authorities and representing taxpayers in governmental audits and inquiries. If you receive a notice or inquiry from a governmental authority, we are here to help you through it and advocate on your behalf.
Businesses grow both organically and inorganically. A business looking to expand may seek vertical integration with its suppliers or look to expand geographically. We assist taxpayers on the buy-side who are looking to expand and acquire a business, as well as taxpayers on the sell-side who are looking to divest their business entirely or to transfer the business to family members or relatives as part of their succession planning for the business.
Tax credits and incentives are an often overlooked way to reduce one’s tax burden. Federal, state, and local governments offer a variety of statutory credits and negotiated incentives to taxpayers to help spur economic development. Our team has experience with securing a number of tax credits, including the Employee Retention Tax Credit (ERTC), the Research & Development (R&D) Tax Credit, the Work Opportunity Tax Credit (WOTC), and a number of state tax credits and incentives. Additionally, we have negotiated tax incentives with local governments for taxpayers looking to expand or relocate their businesses.