LVBW offers a wide range of tax services to our individual and business clients. Our clients benefit by getting personalized, quality service that is beyond comparison.
LVBW takes a proactive approach. Our CPAs provide our clients with the taxation expertise and knowledge they deserve throughout the year.
Proactive Tax Planning
We apply income tax planning for individuals, partnerships, limited liability companies and corporations. We take a proactive approach to client service by anticipating impending issues, foreseeing planning opportunities and developing effective solutions in time to realize their full benefit.
Tax Return Preparation
We apply our expertise of tax laws to federal and income state tax preparation with the objective of minimizing your tax liability. We prepare tax returns for individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.
Tax Examination Representation
Years of experience working the taxing authorities has enabled LVBW to achieve a level of competence that clients will be well represented with Federal and State taxing authorities.
Successful businesses that grow and expand into other states need professional tax assistance to navigate though the complex maze of state and local regulations and minimize the overall tax burden to the company and its owners.
LVBW has the expertise and resources to address whatever multi-state issues that may arise for both income and sales tax matters.
Our experience with taxation of U.S. companies doing business abroad and foreign companies doing business in the U.S. provides us with an extensive base of knowledge in the area of international taxation. LVBW has additional international resources available through the Alliance network of BDO international member firms, with offices in over 110 countries around the world.
Research & Development Tax Credits
The IRS encourages innovation through research and experimentation by allowing taxpayers to take research and development (R&D) tax credits. The tax credit can provide significant dollar for dollar reduction of income tax for these activities which you may already be performing in your business.
Sales Tax Services
LVBW can help you manage the impact of sales and use taxes in many jurisdictions. We can help you identify sales and use tax exposure areas, help resolve complex nexus issues, and can assist in the resolution of audit examinations. LVBW can work with you to uncover refund opportunities and provide prospective savings.
Business Entity Selection
Selecting the form of entity for your business is a critical decision with enduring tax implications. LVBW assists clients in evaluating opportunities and challenges associated with each entity type to determine the most advantageous entity form for your business.
Tax Effects of Buying/Selling a Business
Structuring the purchase or sale of a business is a critical step in buying or selling any company. LVBW’s experience in this area guides clients through the acquisition/disposition process by addressing significant issues of cash flow analysis and tax considerations.
Estate and Gift Planning
We help assess your net worth, analyze asset ownership issues, and review beneficiary designations to make sure your wishes are carried out. Lifetime gifting programs can be designed to reduce your taxable estate.
NYS Empire Zone Planning
Empire Zone programs have sparked new investment interests throughout New York State. The significant tax benefits available to businesses in these areas must continually be examined for applicability.
LVBW regularly assists clients to explore the best time for their Empire Zone certification, prepare the necessary applications and sales tax exemption forms, and assist in the selection of the most beneficial entity structure to maximize benefits.
Cross Border Services
As Canadian and other foreign-owned businesses enter the U.S. market, LVBW can assist with treaty research and compliance, proper entity selection and structuring to minimize overall tax burden.