Specialized Tax Services
Business Tax Services
Mueller Consulting, LLC has a wide range of tax services available for our clients from business tax to estate, gift and trust services. From start up through the sale or liquidation of your company, we assist in making decisions which enhance the after tax value of your business.
Start Up
During this critical phase, Mueller Consulting, LLC assists owners with a host of decisions, which have lasting tax consequences. Choosing the legal form in which to operate the business dramatically impacts after tax cash flow available to owners and affects areas from personal liability to the deductibility of employer fringe benefits. Other crucial considerations may include the company’s overall method of accounting, its tax year-end, inventory valuation method, debt versus equity capitalization and potential S-corporation election.
Growth & Maturity
As the business grows, we maintain a close relationship with owners to ensure that overall business tax strategies complement their individual tax situation. To enhance the retention of key employees, we assist in developing and implementing alternative compensation arrangements, including retirement, deferred compensation plans and fringe benefit packages.
The success of your business tax strategies can be measured when we prepare the annual federal and state returns. We use our experience to properly present your tax information and assist in complying with payment requirements.
Business Succession and Termination
Owners facing an ownership change or liquidation of their business must deal with a number of tax and economic questions affecting the return on their investment. Is it more beneficial to sell assets or stock? Will valuable tax attributes expire upon termination of the business? Is there a way to spin off or split up separate divisions in a tax-free reorganization? Mueller Consulting can help identify options and advise you on the best economic solutions.
Whether operating as a corporation, partnership or sole proprietorship, use our expertise to reduce your company’s tax bill and preserve wealth.
Retirement Tax Planning
Income taxes can undermine your retirement plan. Timely tax planning based on a thorough review of your financial resources can help you and your loved ones enjoy your retirement years secure that the tax bite has been kept to a minimum.
Estate, Gift & Trust Services
With current estate tax rates beginning at more than 40%, an unplanned estate could cost your heirs much of what you have earned in your lifetime. For people like yourself, estate taxes may be the largest tax expense you will ever face. Mueller Consulting, LLC can assist in formulating and implementing various estate planning strategies to minimize liabilities.
What Is The First Step?
We determine what property will be included in the estate for tax purposes. This includes reviewing the ownership and values of assets owned personally or in trust, and rights you may have in trusts established by others. We prepare a summary of these items, offset by projected liabilities and deductions, and forecast your family’s potential tax burden.
Estate planning is critical if you own stock in closely held companies, interests in limited partnerships or have substantial amounts saved in retirement plans.
What Tax Strategies Are Successful?
Each estate plan is tailored to meet individual needs. Estate planning strategies include: Living Trusts, Family Trusts, Family Partnerships, Life Insurance Trusts, Annual Gifting Programs to family members, special trusts and planned charitable giving.
What Other Services Does Mueller & Co., LLP Provide?
We prepare a number of estate, gift and trust tax returns. Planning strategies keep combined estate and income taxes to a minimum. Without proper planning, deductions can be lost and income can be taxed at higher rates than necessary.
Domestic Production Activities Deduction
What is the Domestic Production Activities Deduction? (DPAD)
Since 2005, taxpayers may deduct from their net income a percentage of their Qualified Production Activity Income. For some businesses it may result in a significant tax deduction.
How do I qualify?
If you gain income from constructing, manufacturing, producing, growing or extracting an item in whole or in significant part in the U.S., you will generally qualify as a “producer”.
By how much could it reduce my taxes?
It is not always a simple calculation as some of your business activities may qualify while others may not.
DPAD is complex but at Mueller Consulting, LLC, we are expert in ensuring that our clients receive their full deduction.
