Plan before the year closes
Tax planning that happens while decisions are still open.
Return preparation records what already happened. Planning is the part that changes the outcome — and it has a deadline of its own.
For most business owners the tax result is decided months before the return is filed: how the entity is structured, how the owner is paid, when equipment is purchased, how a property or partnership interest is held. Those conversations happen during the year, with the business numbers in front of both of us.
Business tax
Planning and compliance for closely held companies, with attention to how the business return and the owner's personal return interact.
- S corporation, partnership, and corporate returns
- Entity structure and reasonable compensation review
- Owner compensation and distribution planning
- Depreciation, fixed asset, and equipment timing decisions
- Multi-state and nexus filing considerations
- Estimated tax and cash-flow scheduling
Individual and family tax
Owners rarely have simple returns. Planning covers the personal side that the business drives — including rental property, investment income, equity compensation, and life events such as a sale, retirement, or inheritance.
- Individual returns for owners and executives
- Rental real estate and pass-through income
- Capital gains and basis planning
- Retirement plan contribution strategy
- Coordination with attorneys and financial advisors
How the work is sequenced
A planning conversation before year-end, an agreed set of actions, then preparation and filing without surprises. Where a transition, sale, or estate matter is in view, the tax modeling is done alongside the succession work rather than after it.
Tax outcomes depend on your specific facts and on current federal, New York State, and local law. Nothing on this page is tax advice or a guarantee of a particular result.
Schedule a tax planning conversationStart the conversation
The best time to strengthen the business you may one day leave is before the transition is urgent.
Bring accounting, tax strategy, business performance, and succession planning into one forward-looking relationship with Michael C. Williams, CPA, MS.