Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
No business owner wants to pay more taxes than required, but it takes careful tax planning and preparation to be sure that doesn't happen. It also takes unique skills and knowledge – and an understanding of all facets of your business operations. MLCFS has the required skills and knowledge, and because we make it our policy to listen and learn about your business plans and challenges, we also have a thorough understanding of your businesses operations. We are constantly working to identify opportunities to reduce the tax burden for our clients. We also have the insight to help you analyze and plan for the consequences of business mergers, divestitures or other major changes in your business environment.
If you are undertaking the construction of a new building, we will analyze that construction project and help you plan your actions to obtain the tax benefits to which you are entitled. With assistance from MLCFS experts in analyzing and classifying your construction costs, you can achieve substantial tax savings.
If you are an individual income tax client, we may see you only one time a year when it is time to prepare your annual income tax return. However, you can be confident that our MLCFS tax professionals are looking after your interests during the entire year. We offer more than efficient and timely tax return preparation to our individual income tax clients. Our tax professionals are monitoring tax law revisions and new regulations with your circumstances in mind. MLCFS combines the latest knowledge of tax law changes with practical experience to give you the best possible results.
If you are facing an IRS or state tax examination, we can assess where your biggest challenges will be and help develop or defend your position. We will use an informed but aggressive approach to represent you fairly and accurately, while working to minimize your tax burden.
Yes, MLCFS will prepare and review your tax returns. But more importantly, we put your interests first on all tax matters. We will develop tax strategies for you or your business, and we will remain attentive to future opportunities for you to reduce your tax liability. We will ensure that you are in compliance with all current tax laws and regulations, and we will keep an eye out for future changes that might affect you.