Byrd, Smalley & Adams, P.C. provides comprehensive tax services for businesses, individuals, estates, trusts, not-for-profits, and other organizations. Our tax professionals are well versed in the tax challenges that businesses and individuals may encounter and are proactive in providing advice and counsel so we can provide each with the strategy that best addresses their tax situations.
Services Provided
Individual Tax Planning and Compliance
We can help you navigate the complex tax laws and regulations that govern individual income taxes, including preparation of applicable federal, state, and local income tax returns. Our team of experts can evaluate potential income tax consequences associated with personal decisions, including the purchase or sale of personal investments or business assets.
Corporate Tax Planning and Compliance
We can help you navigate the complex tax laws and regulations that govern corporate income taxes, including preparation of applicable federal, state, and local income tax returns. Our team of experts can evaluate potential income tax consequences associated with business decisions, including events such as the purchase or sale of business assets, expansion or contraction of a business, and decisions to expand or contract a workforce.
Trust Tax Advisory and Compliance Services
We can help you navigate the complex tax laws and regulations that govern trust income taxes, including the preparation of applicable federal, state, and local income tax returns.
Not-for-Profit Taxation
We can help you navigate the complex tax laws and regulations that govern not-for-profit income taxes, including preparation of applicable tax returns, assistance with planning in connection with unrelated business income tax (UBTI), policies and procedures, and excise taxes.
Entity Selection
We can help you determine whether to operate as a corporation, partnership, limited liability company (LLC), or sole proprietor and explain the advantages and challenges associated with each entity.
Mergers & Acquisitions
We can assist and evaluate the tax consequences of business purchases and sales, including tax consequences of transaction and purchase price allocations.
Government Support
We have extensive experience in helping both businesses and individuals resolve tax problems quickly and fairly. We assess the options that might be available to you and contact the Internal Revenue Service or other taxing agencies to reach a resolution. Our expertise extends to every area of tax problem resolution, including audit support, offers in compromise, tax dispute resolution, liens and levies, and wage garnishments.
