Schowalter & Jabouri P.C.’s Tax Services is comprised of a team of Certified Public Accountants and other professionals encompassing shareholders, managers, senior and staff accountants. We understand that in this complex business environment, you need a significant level of commitment, service and expertise from your tax accountant. To meet this challenge, our team will work with you on every phase of this process—through tax planning, financial forecasting and constant monitoring of changes in the tax laws and regulations. Our most important function is to minimize our clients’ taxes. We utilize our extensive resources and experience to provide personalized services with a fee structure that is reasonable. Our Tax Services team devotes substantially all of their time to tax-related services to ensure they maintain their broad and deep understanding of tax law and all its implications; they review new tax legislation, not just when it is enacted, but while it is still in the planning stages; they contribute articles to the Missouri Society of Certified Public Accountant’s state-wide publication The Asset and other publications. Our dedicated and talented team’s commitment to tax research has provided our clients with significant tax savings and business planning solutions. Many of our clients have been with us for two business generations – and we think that says a lot about the way we do business.
Tax Services: There are well over 5,000 taxing jurisdictions. Navigating the requirements of federal, state and local taxes can become burdensome for even the simplest business organization. Interpreting and implementing today’s tax laws requires the experience and knowledge of proven tax professionals who not only assist with compliance issues but can also be a valuable resource in determining the best strategies to minimize taxes. In the ever changing environment of taxation, today’s best strategies may not be tomorrow’s best plan. At Schowalter & Jabouri, P.C., we constantly monitor the environment in which you operate and strive to keep you informed of changes which may impact you or your business.
Among other things, our Tax Services team can work with you to provide state and local assistance with:
- nexus studies, which determine various state and local filing requirements;
- income and franchise tax apportionment matters;
- multi-state and local sales and use tax;
- state income tax credits, including investing in equipment and/or increasing headcount; and
- transactional advisory services, including advising you of the state tax consequences of buying or selling a business.
Compliance and Preparation: Schowalter & Jabouri P.C.’s comprehensive services relating to compliance and preparation go beyond that of simply preparing returns in accordance with tax laws and regulations. Schowalter & Jabouri, P.C. combines the resources of a larger firm with the personalized, hands-on service of a small firm. Our experience enables us to provide efficient, cost-effective services. Because of our team’s dedication to this area, we are able to identify key areas relating to tax planning as well.
Tax Advisory: Schowalter & Jabouri, P.C.’s team of professionals are available to consult on various areas of concern related to taxation, such as entity selection, mergers and acquisitions, change in accounting methods, tax research projects, tax elections, reorganizations, purchase, sale or transfer of business interests and many more topics.
Mediation with Taxing Authorities: No one looks forward to the prospect of being audited by a taxing authority. However, investigations and audits are a possibility for every taxpayer, even those taxpayers who consistently maintain best practices. Our professionals at Schowalter & Jabouri, P.C. will bring a depth of experience and expertise to bear when representing your organization before a taxing authority. We have extensive experience in representing clients in conjunction with federal, state and local audits in the areas of income, franchise, sales, use and payroll tax audits. Schowalter & Jabouri, P.C. understands that the requirements you must meet in today’s environment have never been more rigorous. When you need representation before a taxing authority, you should choose a firm with a reputation for integrity, expertise and experience.
Comprehensive Tax Planning: Strategic tax planning is a crucial part of an operational plan. In order to leverage tax law to maximize profits, you need to take a year-round approach to your tax planning. We are constantly searching for strategies to minimize taxes for all of our clients. Our team can help you build short and long-term strategic plans. We can also help you by performing cost segregation studies, tax credit research, transactional consulting or through our tax alerts to keep you abreast of changes before they affect you or your organization. Tax planning is a standard service for all business clients and is integrated with our Assurance and Small Business Services.
Trust, Estate and Gift Services: Once you have achieved your goals for financial success, your attention turns to managing and protecting your family wealth and meeting your wealth-transfer goals. The Schowalter & Jabouri, P.C. Tax Services professionals can help you develop a plan for transferring your assets that will minimize gift and estate taxes and maximize asset preservation for your heirs. We can coordinate with your attorney and your executor on the accounting and business aspects of administering your estate. We are committed to assisting you with the complex responsibilities often associated with the administration of trusts and estates. We recognize the sensitive nature of trust and estate matters and we are respectful of the need for privacy and confidentiality. Our promise is to provide recommendations and technical assistance to each client, tailored to their unique situation, with our emphasis on personal service and attention. We have been through this phase with many of our clients as they have passed family-owned businesses to the second and third generation, and we look forward to assisting in the process for the fourth generation and beyond.
Cost Segregation Studies: Cost segregation studies can afford your organization a tax deferral strategy which lowers current income taxes and thereby improves current cash flow. This is attained via a comprehensive study of costs associated with past, present and future acquisitions, construction or building renovations. Many property owners do not take advantage of these provisions and pay federal and state income taxes sooner than necessary. The Tax Services team has the expertise and knowledge to help you with these specialized studies.
Other Services: Our Tax Services team can work with you to customize an engagement to meet your specific needs. Other services that the tax professionals at Schowalter & Jabouri, P.C. offer include:
- Analysis of entities with export sales to determine if an IC-DISC (Interest Charge Domestic International Sales Corporation) may be beneficial.
- State and local income, property, sales and use tax compliance. We offer nexus studies to determine various state and local filing requirements. We can also prepare a comprehensive manual for your staff to utilize in determining taxability of transactions for multi-state and local sales and use taxes.
- Analysis to determine eligibility for federal and state tax credits.
- Retirement planning.