Tax Planning Services
Diligent planning is essential to keeping tax obligations low for all kinds of small businesses. Don’t wait till the end of the year, start planning next year’s tax strategies today by working with Thomas J. Palm, PA. Our Baltimore, MD Accountant is highly experienced in tax planning and compliance for small businesses. We understand how tax regulations apply to businesses in various industries and how to implement tax planning methods that will reduce your liability. The tax laws change constantly so we make it a point to be keenly aware of how updates and revisions could affect your business. And if you’re starting a new business, we can identify which business structure will afford the highest tax savings as your business grows.
We also provide income tax planning for individuals and will find ways to minimize your income taxes. With our assistance, you'll keep more of what you earn at tax time and will feel confident that you've taken advantage of all applicable tax breaks.
Tax Planning for Businesses and Indivduals
We offer a variety of tax planning services to both businesses and individuals. Proactive tax planning now can save you money and make tax time a breeze. Call us at 443-927-7180 and request a free initial consultation to learn more.
Strategic Tax Planning
Financial decisions often have tax implications. As your tax advisor we’ll manage your effective tax rate to keep taxes low so more profits head towards your bottom line.
Alternative Minimum Tax Planning
We offer alternative minimum tax planning to deal effectively with this tax and can prepare the necessary paperwork to determine if you owe Alternative Minimum Tax.
Multi-State Tax Planning
Businesses that operate across multiple states are prone to a number of complicated tax issues. We’ll make sure you’re in compliance with all State and Federal tax regulations.
Creating an estate plan that will preserve your assets for the next generation is important no matter what stage you’re at in life. Our estate tax planning solutions are designed to line up with your personal priorities.
Preserve the continuity of your business and address important concerns ahead of time with a business succession plan. We’ll develop a plan that ensures your business will avoid tax issues when being transferred to your beneficiaries.
Non-Profit Tax Planning
Keeping up with reporting requirements and your tax exempt status is very important for non-profits. We understand the tax laws governing these types of organizations and will make sure you stay in compliance with current tax legislation.
Tom Palm Jr. has earned the special designation of being a Certified Tax Coach (CTC). This means he is an expert in tax planning strategies and has the ability to identify tax credits, deductions, and loopholes that the average CPA, accountant, or Enrolled Agent does not know how to find. He will put his skills to work for you.