Strategic Tax Planning
Businesses today not only face constant change, they change on multiple fronts. As a business evolves, it takes on different needs and opportunities. New tax laws are introduced while others are revised, and regulatory authorities generate an ongoing stream of guidance, rulings and other communications. And the macroeconomic environment--the cost and availability of capital, market saturation, consumer confidence and so on—is in continual flux.
Strategic tax planning works to align tax regulations and obligations as closely as possible with a business's strategic vision. In doing so, it helps minimize tax liability and increase the resources available to grow the enterprise. CohnReznick's ongoing approach to tax planning allows us to develop optimum tax strategies for our clients, including:
- Tax credits: We have unmatched expertise in tax credits that promote government initiatives ranging from affordable housing to research and development.
- Cost segregation studies: A thorough review of assets can lead to accelerated depreciation.
- Transaction consulting: We can anticipate opportunities and risks associated with new business ventures, mergers and acquisitions, sales and internal expansions.
- Trust and estate planning: We can provide guidance during a time of regulatory uncertainty so that family assets can be preserved across generations.