Graff, Ballauer & Blanski, P.C.
Home
Tax Planning & Preparation

Tax Planning

I'm proud to pay taxes in the United States; the only thing is I could be just as proud for half the money. ∼Arthur Godfrey

Paying taxes is an inevitable part of life. Unfortunately, many people fail to understand that advance preparation can be an effective tool against taxation. With proper planning, individuals can effectively use the provisions in the tax code to reduce or eliminate their tax liabilities.

At Graff, Ballauer & Blanski, P.C., our staff of tax professionals cater to your individual tax needs. We provide tax planning that focuses on ways to lower, defer or eliminate tax liability through the use of tax advantaged approaches. With the continually changing tax code, effective planning and the use of professionals has never been more important.

Business & Succession Planning

Whenever you see a successful business, someone once made a courageous decision. ∼Peter F. Drucker

There are many important business decisions made during the life of a business. However, there are none more critical than the decision on how to manage closing a business. Should the family-run business be passed on to a relative or transferred to a chosen successor? A good business plan should include a succession plan which incorporates the needs of your family along with individual and estate tax considerations.

From the inception to the close of your business, accountants and consultants at Graff, Ballauer & Blanski, P.C. can provide advice critical to the success of your business and support the decisions which shape your business.

Review of Financial Operations

In the business world, the rearview mirror is always clearer than the windshield. ∼Warren Buffett

Graff, Ballauer & Blanski, P.C. is committed to serving our clients. Through a detailed review of financial operations, our knowledgeable accountants strive to help you achieve your objectives and improve your operational performance.

Budgets & Projections

It is always wise to look ahead, but difficult to look further than you can see. ∼Sir Winston Churchill

Many business decisions are based upon the prior year's business performance. While past statistical financial numbers are important, looking towards the future with an accurate and realistic approach can effectively guide a business in the decision making process.

Budgets, projections, forecasts and cash flow projections are some of the services the staff at Graff, Ballauer & Blanski, P.C. can provide to assist your business. Our accountants and consultants will take a detailed approach to offer a comprehensive and realistic outlook in order to accurately estimate what your future financial position might be.

Representation before the Internal Revenue Service & Other Tax Authorities

The hardest thing in the world to understand is the income tax. ∼Albert Einstein

If needed, Graff, Ballauer & Blanski, P.C. can support you or your organization in examinations by federal or state taxing authorities. We will use professional judgment in resolving questions where the tax law is unclear, or where there may be conflicts between the taxing authorities' interpretations of the law and other supportable positions.

Individuals

In this world nothing can be said to be certain, except death and taxes. ∼Benjamin Franklin

Preparing your tax return can be an overwhelming task. Each year Congress enacts new legislation and adds new provisions to an already complex tax code, making it harder for individuals to properly prepare and file an accurate tax return. Computer programs are often inflexible, they can have software problems and the incorrect input of critical data can cause the tax return to be inaccurate. Other tax preparations services charge considerable fees for temporary workers to prepare your tax return. These individuals are not professionals and are often not aware of current tax code provisions.

At Graff, Ballauer & Blanski, P.C., we offer you peace of mind by providing professional service at a reasonable cost. Our professionals are educated on the latest tax law changes and are ready to prepare even the most complex of returns. We will take the time to ensure that your individual tax needs are met.

Research

The Internal Revenue Code is about 10 times the size of the Bible — and unlike the Bible, contains no good news. ∼Don Rickles

Research plays an important role in the development of a sustainable tax position that effectively limits exposures to penalties. Both individuals and businesses can benefit from the provisions in the tax code if they are used to your advantage.

Whether you have received a notice from the IRS or you have encountered a gray area in the tax code, the professionals at Graff, Ballauer & Blanski, P.C. will research all avenues included in the tax code as well as prior decisions in order to give you advice and provide support to your tax position.

© 2007-2010 Graff, Ballauer & Blanski, P.C.