Tax and Compliance Services
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Tax and Compliance Services
Our team is constantly monitoring and staying up to date on the latest changes in tax laws and regulations, so you don’t have to. We assess your tax situation and help you understand how you will be affected and then find the innovative solutions and opportunities to maximize your bottom line. Our licensed CPAs are continually involved in professional education in order to stay current with new legislation and tax laws, and provide our clients with the most comprehensive tax strategies.
We routinely provide tax plans and revise quarterly tax estimates for those businesses where profit has rapidly grown. As a client of Halcyon, you will not be surprised by unknown tax liabilities. Our “profit watch” service (if engaged) monitors your business profitability as it happens.
State and local taxation (SALT):
No matter what your size, scope or state regulations, our tax experts are knowledgeable and ready to work with your business. We analyze your state income and sales tax to minimize potential exposures, ultimately saving you money.
Corporate Tax Compliance and Preparation
Halcyon will guide your business through the complexity of corporate tax deductions and corporate tax due diligence. Once onboarded, your company’s tax return due dates become our responsibility. Never miss a deadline again. Leave the worrying to us.
- C Corporations - Form 1120 and all applicable states
- S Corporations - Form 1120S and all applicable states
- Professional Corporations (P.C.s)
- Partnerships (Multimember LLCs) – Form 1065 and all applicable states
- Single Member LLC – Form Schedule C and all applicable states
International Tax
Halcyon has retained and serviced several foreign-owned multinational companies. With this type of client comes an increased compliance and scrutiny from U.S. taxing authorities. We help navigate and comply with this complicated set of rules.
- Foreign Bank Account Reports (FBARs)
- Form 5472 - Foreign Corporations Engaged in U.S. Trade
- Foreign intercompany transaction reporting
- Transfer pricing consulting and documentation
- Tax treaty analysis and applications
High Net Worth Individuals
Taxes become a more significant piece of your pie, the more you earn and build wealth. As a high net worth individual it’s important that you don’t miss opportunities to implement the most advantageous tax planning strategies that are appropriate for your unique situation.
We offer our high-net-worth individuals quarterly tax planning engagements so that you pay your fair share of taxes and not a penny more as the year progresses.
Our tax services for High-Net-Worth Individuals include:
- Quarterly tax planning (revising estimated taxes)
- Extension planning for those who cannot file by April 15 due to K-1 lags
- International tax compliance (FBAR reporting)
- Individual Income Tax preparation (Form 1040 and all applicable states)
- Gift Tax Reporting (Form 709)
- IRS and state tax notice response and resolution
- IRS and state audit representation
Estate and Gift Tax Planning:
The loss of a family member is hard but add to it the tax consequences that go along with it and it can make a stressful situation unbearable. We have extensive knowledge of estate and inheritance tax as well as long-term care planning. We will work closely with your estate or elder care attorney because we speak their language.
- Estate income tax preparation (Form 1041 and all applicable states)
- Decedent's "final" individual income tax return (Form 1040 and all applicable states)
- Transcript service - We request transcripts for the decedent so the estate is aware of any unfiled tax returns and unknown tax liabilities
- IRS and state notice response and resolution
- IRS and state audit representation
- Estate accounting and reporting to beneficiaries
- Professional fiduciary (executor or trustee) services