Michael T. Crowley, CPA
Personalized Professional Service Specializing in Small to Medium Businesses

Taxation

We specialize in services to small businesses, estates, students, families, and retirees.

Tax Advisory Services

  • We evaluate proposed courses of action concerning shareholders' sale of stock (short-term versus long-term capital gains treatment), health insurance, payment of dividends, pension plans, admission of new partners, loans to and from shareholders, payment of bonuses, etc.
  • We assist our clients in minimizing their tax burden by providing impact analysis of proposed courses of action prior to implementation. This service also assists newer practices with form of organization decisions (Corporation, Partnership, Sole Proprietor, LLC, etc.) and related tax implications.
  • We assist our clients in minimizing their tax burden by providing impact analysis of proposed courses of action prior to implementation. This service also assists newer practices with form of organization decisions (Corporation, Partnership, Sole Proprietor, LLC, etc.) and related tax implications.
  • We advise corporations concerning the documentation of minutes of board meetings in order to substantiate actions taken that have tax compliance implications.
  • We also assist in the development of certain policies within the corporation that will have tax impact (such as expense reimbursement, accountable plan, cafeteria plan -- section 125 of the IRC, etc.).
  • We provide research on specific tax issues that affect our clients (stock options versus sale of stock - treatment on the part of the corporation, and treatment on the part of the shareholders, lease agreements, etc.).
  • We also deal with shareholders' rights when stock becomes "diluted" or otherwise worthless (expert witness services).
  • We likewise represent our clients before the IRS or other federal or state regulatory agencies when tax abatement issues arise. These services are provided at hourly rates ranging from $65 to $155 per hour, depending on the level of staff necessary to fulfill the engagement. Typical corporate and partnership returns (federal and state) may be prepared and filed for as little as $250 (depending on condition of client records).

Tax Preparation Services

  • We prepare and file electronically annual corporate and personal returns as well as estimated income taxes for both federal and state governments. This sometimes requires the preparation of pro-forma tax returns to establish estimated tax liabilities.
  • We also prepare quarterly payroll and sales tax returns as well as annual 1099, 941, W-2 and other payroll tax returns. All work is reviewed by a CPA prior to submission to federal or state regulatory authorities. These services are provided at $65 per hour.
  • Our charge for a typical personal tax return filed electronically (form 1040 and state return) is only $150 (depending on complexity). We insure that you get every deduction to which you are entitled (tuition, child care, nursing facility expenses, etc.).

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