Tax Services
Depend on our knowledge and experience
Our exceptionally broad and deep knowledge base can address all your tax-related needs. The Totaro & Co. team understands the complexity and ever-changing nature of tax laws. We can help business owners and individuals avoid tax overpayment and penalties from late or missed payments.
Let us help you manage your tax burdens:
Individual
From the simple to the complex, whether single state or multi-state returns, we can help you.
Business
For S corporations, partnerships, and sole proprietorships.
Whether a proprietorship or a multi-state corporation, let one of our tax experts assist you through the tax maze.
Estate and Trusts
Proper planning is essential in ensuring that your assets will be preserved and distributed according to your intentions. With extensive experience in the area of trusts and estates, we possess a deep understanding of the rules and complexities needed in order to effectively assist you, fiduciaries and attorneys in connection to the accounting and taxation of estates and trusts.
Our Estate and Trust Services Include:
Preparation of Estate, Gift and Fiduciary income tax returns
Estate, Gift & Charitable Tax Planning
Assisting in minimizing Estate, Gift and Income Tax exposure
Representing taxpayers and fiduciaries in Estate and Gift tax examinations
Preparation and review of formal (judicial) and information fiduciary accountings for executors and trustees
Assisting fiduciaries, beneficiaries and attorneys in various aspects of Trust and Estate Administration
Business Tax Compliance
From the start of your business through its maturity, rely on our tax management expertise for
Initial filings – for new businesses or expansions, making sure the right filings are made with the proper authorities
Sales and use tax filings – to keep you in good standing in all the appropriate jurisdictions
Tax Planning
Tax planning is the most important tool we have to minimize your tax exposure. With the proper planning you will know the outcome in advance and what tax strategies can lower your exposure before it’s too late. Never pay more taxes than you should.
Individual planning: Thinking of retirement, changing professions or selling a piece of property. Know the tax effects before you make a decision.
Business planning: In todays world of ever changing tax laws, effective year end planning can make all the difference.
Payroll
We can customize our payroll tax solution to fit your business and comfort level, from
Full-service payroll management: We handle every step, from calculating the gross to net, to filing and paying the necessary returns, and assessing your tax liability.
After-the-Fact Payroll: We can manage your tax returns and tax payments once the paychecks have been distributed.
Audit Assistance
If you are facing a business or personal tax audit, whether federal or state, let Totaro & Co. step in to take control of the examination process and represent you every step of the way.
Our experienced team will work with you and the taxing authorities to ensure that you are being treated fairly and that the information being requested is reasonable. We will work directly with the taxing authorities to limit your interaction and involvement throughout the audit process.
We can help you reach a favorable resolution by assisting with:
Representation at Fast Track Settlement conferences
Representation through the formal Appeals process
Handling Penalty Abatement requests
Filing an Offer in Compromise (OIC), which allows qualified taxpayers to settle tax debts for less than the full amount owed
Post-Audit and Dispute Resolution Options