Brogan Duffy , CPA offers a wide range of services for individuals and companies including tax return preparation and planning, business entity selection, cash flow and profitability analysis, tax advice on real estate transactions, tax advice associated with estate planning, and financial statement preparation and bookkeeping.

Tax Preparation and Planning to Creatively Reduce Tax Burden

Tax planning and preparation form a winning combination. Whether you are an individual, corporation or an multi-tiered partnership, we can develop tax strategies that take advantage of new tax laws and legislation.

Business Entity Selection to Determine the Most Tax-Advantaged Legal Form

Choosing the form of entity of your business (e.g. "S" corporation, sole proprietor, limited liability company...) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Cash Flow and Profitability Analysis to Enable Growth in the Most Profitable Product/Service Lines and Customers

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses. In addition, we can improve your financial performance by evaluating your profitability and cash flow by product/service line and by customer, and then setting strategies for growing the most profitable product/service lines and customers.

Structuring Real Estate Transactions to Avoid Income Taxes

Like-kind exchanges under §1031 of the Internal Revenue Code have become fairly common and are an excellent vehicle for avoiding income taxes on real estate transactions. However, if these transactions are not structured properly, they will be viewed by the IRS as taxable transactions. We can assist you in structuring these exchanges, including reverse exchanges, so that they meet the requirements of §1031.

Estate and Trust Tax Planning to Reduce Taxes on the Transfer of Business and Other Assets

Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse or lifetime partner, and can reduce or eliminate the tax due on the transfer of your business or other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order in a tax effective manner.

Financial Statement Preparation and Bookkeeping to Provide Useful Financial Information for Decision Making

Meaningful, well-organized financial records are the foundation of a successful business. They greatly facilitate decision making leading to more profitable growth and ensure that your business operations run more efficiently on a daily basis. We can assist you with bookkeeping and in the preparation of your financial statements in accordance with professional standards.