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Less is more

Our mission is to reduce your tax liability.

Simply put, every tax problem has a solution. We focus on the details so you can focus on what matters.

Our primary goal is to provide insightful advice so that you can make informed decisions. Tax planning is at the center of everything we do and a key part of how we educate our clients. We dedicate an equal amount of time to planning as we do tax preparation to minimize your tax implications. Our team of CPA’s, tax preparers, and financial professionals work holistically to serve individuals and business owners with a net worth of $2 million or more.

Tax Planning

Navigating the labyrinth of tax regulations while amassing and preserving wealth is a formidable challenge, especially for high-net-worth individuals and sophisticated businesses. At Potentia Tax, we specialize in crafting personalized, strategic tax plans that go beyond mere compliance to optimize your financial landscape.

Services Tailored for High-Net-Worth Individuals
Our tax planning services for affluent individuals focus on a holistic approach, encompassing not just income but also investments, real estate holdings, and other assets. We take into account your specific financial situation to offer bespoke strategies for minimizing tax liability and maximizing asset growth.

Comprehensive Alternative Minimum Tax Planning
The Alternative Minimum Tax (AMT) can have a significant impact on your tax obligations. We offer expert guidance on AMT credits and exemptions, ensuring you make the most informed decisions for your unique circumstances.

Multistate Tax Planning
For individuals and businesses operating across state lines, state tax liabilities can quickly become complicated. We provide in-depth analysis and planning services to help you navigate the multistate tax landscape effectively.

Estate and Trust Planning
Preserving your legacy is paramount. Our team specializes in estate and trust planning that ensures the seamless and tax-efficient transfer of assets to your heirs and beneficiaries.

Strategic Tax Planning for Businesses
Whether you’re a burgeoning start-up or an established corporation, our advisors offer comprehensive tax planning services designed to enhance your business’s financial efficacy. From selecting the optimal business structure to managing mergers and acquisitions, we are your trusted partners in business tax planning.

Business Succession Planning
Ensuring the continuity of your business is critical. We offer thorough business succession planning services to facilitate a smooth transition and safeguard the future of your enterprise.

New Entity Selection and Structuring
Choosing the right business entity can have long-lasting tax implications. We guide you through this crucial decision-making process, helping you select and structure your new entity in the most tax-efficient manner.

Tax Return Preparation

The intricacies of tax return preparation require a precise blend of expertise and personalized attention, particularly for those with complex financial portfolios. At Potentia Tax, we elevate the standard process of tax preparation into an experience that offers peace of mind and maximizes financial benefits.

Individual Tax Returns with a Personalized Touch
For affluent individuals, a standard tax return doesn’t capture the full picture. We delve into your complete financial landscape, analyzing investments, real estate, and other sophisticated income streams to deliver a tax return that strategically minimizes your liability.

Sophisticated Estate and Trust Tax Returns
Preserving your legacy involves detailed tax planning and execution. We meticulously prepare estate and trust tax returns to ensure a smooth, tax-efficient transfer of wealth to your chosen beneficiaries.

Comprehensive FBAR Services
Navigating the complexities of Foreign Bank and Financial Accounts Reporting (FBAR) requires specialized expertise. We offer comprehensive services that ensure compliance with international tax laws while preserving your financial interests abroad.

Final Returns for the Deceased: A Compassionate Approach
Settling the tax affairs of a loved one requires not only expertise but also empathy. We handle final returns with the utmost sensitivity, offering a hassle-free experience during a difficult time.

Corporate and LLC Tax Returns: Beyond Compliance
For corporations and LLCs, tax preparation is more than an annual requirement; it’s an opportunity for financial optimization. We provide comprehensive tax return preparation that aligns with your company’s long-term objectives.

Business Property Tax Returns: A Strategic Asset
Real estate holdings and other business properties can have complex tax implications. We craft tax returns that not only comply with state and federal regulations but also serve as a tool for long-term property management strategy.

Business Evaluation and Management Advisory

In the fast-paced business environment, seizing competitive advantages while maintaining tax efficiency is not merely an option—it’s imperative. At Potentia Tax, we offer a suite of comprehensive Business Evaluation and Management Advisory Services designed to catalyze your company’s growth and secure its financial future.

In-Depth Business Structure Analysis
Choosing the correct business structure is not a one-time decision but a dynamic process that evolves with your organization. We undertake a meticulous analysis of your existing business model to identify areas where tax advantages can be realized, both immediately and in the long-term.

Adaptive Tax Planning for Business Transitions
Whether you are considering a merger, acquisition, or a complete business overhaul, our tailored tax strategies ensure that you are well-positioned to make the most financially sound decisions.

New Business Advisory Services
Launching a new business venture comes with its unique set of challenges and opportunities. Our advisory services are engineered to guide startups and new businesses through the maze of tax implications, regulatory requirements, and financial planning.

Pre-Sale Business Structure Optimization
If you’re contemplating selling your business, the financial and tax implications can be profound. We offer specialized advisory services aimed at restructuring your business in the most tax-efficient manner prior to sale, thereby maximizing your profit and minimizing liabilities.

Long-Term Financial Strategy Consulting
Our advisory services extend beyond immediate concerns to help you draft and execute long-term financial strategies. We work in close collaboration with your management team to develop plans that align with your company’s mission and financial objectives.

Accounting Services at Potentia Tax

In the complex world of financial management, compliance is just the starting point. At Potentia Tax, we offer an extensive suite of accounting services designed to streamline your financial operations, maximize efficiency, and unlock new avenues for growth—all while ensuring uncompromising compliance with regulatory requirements.

Accounting: Your Foundation for Financial Clarity and Strategic Decision-Making
We go beyond simple number crunching to offer a full suite of accounting services. From preparing detailed financial statements to performing thorough bank reconciliations, we ensure that your books are in impeccable order. By meticulously maintaining your general ledger, we create a solid foundation for accurate financial reporting. The result is a comprehensive financial snapshot that empowers you to make informed, strategic decisions with confidence.

Full-Service Payroll Solutions
Managing payroll is about more than just cutting checks. Our full-service payroll solutions are tailored to your unique business needs, ensuring seamless processing, tax withholdings, and reporting, so you can focus on what you do best—running your business.

Business Personal Property Compliance
Asset management can have intricate tax implications. We simplify the complexities surrounding business personal property taxes, offering expert advice and filing services that align with your financial goals.

Sales Tax Services
Navigating the maze of sales tax regulations requires specialized knowledge. Our team provides comprehensive services that include sales tax calculation, reporting, and filing, tailored to your specific industry and geographic location.

1099 and W-2 Filing
End-of-year tax reporting can be a laborious task, fraught with potential for error. We offer meticulous 1099 and W-2 filing services, ensuring accuracy and timely submissions, thereby mitigating the risk of penalties.

Government Compliance Beyond Taxation
Compliance extends beyond mere tax obligations. Whether it’s industry-specific regulations or general business licensing, we offer comprehensive services to keep you in line with all relevant government requirements.

IRS Resolution and Representation

Receiving a notice from the IRS can be a daunting experience, fraught with complexities and uncertainties. At Potentia Tax, we act as your steadfast advocate, navigating the labyrinth of tax regulations and bureaucracy on your behalf. Our team offers unparalleled expertise in IRS resolutions, coupled with the personalized service you deserve.

Expert Consultation on IRS Notices
An IRS notice can range from a simple inquiry to a detailed audit request. Regardless of the complexity, our first step is an in-depth consultation to understand the specifics of your case and formulate a comprehensive response strategy.

Strategic Audit Representation
Should you face an audit, our seasoned tax professionals provide exceptional representation, ensuring that your interests are protected throughout the process. We meticulously prepare all necessary documentation and facilitate communications with the IRS, aiming for a swift and favorable resolution.

Penalty Abatement Services
Penalties can quickly escalate, adding significant financial burden. Our experts are skilled in negotiating penalty abatements and other relief measures, often saving clients substantial amounts.

Settlement Negotiations and Offer in Compromise
When necessary, we engage in skilled negotiations with the IRS to reach a settlement that is amenable to both parties. Through an Offer in Compromise or other settlement methods, we aim to reduce your tax liability to the lowest amount permitted by law.

Long-Term Compliance Planning
Post-resolution, we offer continuous support and advisory services to ensure that you remain in compliance with all tax obligations, thereby minimizing the risk of future IRS notices or audits.

A coordinated strategy for tax and investment.

Your tax team’s goal is to reduce your taxes this year while your investment advisor is working to maximize your financial returns for next year and beyond. We combine the strategies of your tax advisor and your investment advisor to coordinate long-term investment and on-going tax management.