Corporate Tax Planning & Return Preparation

Our comprehensive tax planning and return preparation services provide our clients with the timely, accurate, and in-depth information they need to plan and comply with confidence.

At Godbold & Romanov CPAs, we can:

Increase efficiency, using timesaving tools, such as chart builders, interactive forms, client letters, transactional diagrams, elections and compliance statements, and tax prep guides. It’s all integrated with our expert analysis to get you to the right answers quickly.

Reduce risks, with Internal Revenue Code (IRS) regulations, procedures, and laws at hand.

Plan ahead, with our professionals who understand the principles of more than 500 complex tax issues to research the right solutions for you with confidence.

Stay ahead of tax news and breaking developments, using special reports and other prepared content by our specialists that could impact your company. The right tax strategy can help you stay ahead of tax law changes and legislation that may affect your business’s tax liability and trigger an audit.

Discuss the advantages of the cash method of accounting versus the accrual method, which can better position you to speed up deductions and defer income.

Discuss installment sales, which involves a business expecting to sell property prior to the end of a tax year, and it makes economic sense, the taxpayer should consider selling the property and reporting the gain under the installment method to defer payments (and tax) until the next tax year or later.

Delay year-end billing, when the cash method of accounting is issued so that payments are not received until the next tax year.

Defer interest income, which can be considered when buying short-term bonds or certificates that will not mature until the next tax year. Some business owners may also consider delaying dividends unless other provisions prevent such delay.