Tax Planning & Compliance

Income taxes are at the heart of our firm. Whether you have business, estate, trust or personal filing requirements, we are here to guide you. Our tax department has decades of experience from the simplest tax filings to the most complex of situations. Our services include Federal, State and local taxes throughout New England, the United States and around the world.

We are dedicated to providing exceptional personal client service. Our team has access to cutting-edge technology solutions to facilitate tax preparation and compliance, research, paperless transmission and storage of your documents as well as secure internet portal solutions.

Our local CPAs engages in active education programs locally and nationally to stay current on complex tax laws for both federal and state filings. We apply that knowledge to your unique situation taking a customized “one size fits one” approach to your taxes.

Looking for consulting services for an ultra-high-net-worth individual or family? DiSanto, Priest & Co. takes a holistic, team-oriented approach that includes legal and financial advisors. We specialize in several tax planning services, from proactively managing income tax liabilities to collaborating with attorneys and trusted advisors to structure and execute asset transfers.

At DiSanto Priest we take a holistic integrated approach to the entire planning process.  Estate planning is integrated with business succession planning, family planning, and tax planning.

By combining the talents of our tax team, our consulting team, our affiliates at Bentley Wealth Advisors, LLC and local estate and family law attorneys, we provide you with guidance through the entire process.

Each plan is unique and designed to mitigate taxes where applicable and most importantly ensure the orderly transfer and protection of your wealth to your heirs.  Left unattended, your Estate could be subject to public probate, unintended taxes, large professional fees and uncertainty about your intentions.

Topics for discussion include:

Sound tax planning is integral to any tax strategy.  Through the planning process, we are able to help mitigate, defer or even eliminate your taxes by identifying opportunities for all tax deductions and credits available.  Planning can also reduce the risk of penalties by setting a course for timely payment of taxes and meeting all filing deadlines with less stress.  The tax law is complicated, with risks and opportunities around every bend.  We take a “no surprises” approach to planning.

We are available to assist with the following:

  • Yearly projections
  • Maximize deductions
  • Withholding adjustments
  • Utilize credits
  • Estimated tax payments
  • Retirement plan solutions
  • Multi-state issues
  • Capital gains and losses

The key to business growth is innovation. Innovation that requires an investment of scarce resources in product development activities that are often expensive and high-risk.

Recognizing the importance of such investment, the research tax credit provides companies and/or their owners with a dollar-for-dollar reduction of a company’s tax liability.

Research tax credits are based on a taxpayer’s expenditures for activities that constitute qualified research as defined by statute. Significant tax benefits can be achieved through the credit; however, to successfully benefit, we recognize the importance of a well documented, supportable study. The client must have systems in place that not only capture the costs relative to the credit but also provide credible substantiation for the credit and resultant study.

We Help You

With assistance from professionals from DiSanto, Priest & Co., the exploration and implementation of a program that allows the taxpayer to effectively capture these expenditures can be quite rewarding, allowing you to reinvest the tax savings in your business.

We have decades of experience helping clients deal with Federal and State tax resolutions.  Taxes come in all shapes and sizes from Federal, State and Local income tax, to sales and payroll taxes to estate and trust taxes.  If you receive a notice of any type we will work with you through resolution.  We also work with many local and national tax attorneys should your matter go to appeal or even tax court.

We are able to assist with the following:

  • Federal and State tax audit representation
  • Unfiled returns
  • Installment agreements
  • Sales and use tax assessments
  • Offers in compromise
  • Penalty abatement
There is no substitute for the professional preparation of your taxes.  Even the simplest of returns can be confusing with all of the deductions and credits available in the federal tax code.  State tax law can be equally confusing especially if you work or own a business that operates in multiple states. Our goal is to help you file timely and accurate returns taking full advantage of all tax saving possibilities.  We invest in our systems and people to ensure your experience is professional and personal.

We can assist in the preparation of the following:

  • Corporate Entities
  • Partnerships
  • Subchapter S Corporations
  • Limited Liability Companies
  • Personal Income Estates
  • Trusts
  • Gift taxes

 

With the growing global economy, more companies and individuals are conducting business and pursuing investment opportunities abroad. Whether you are expanding operations into or out of the United States, our international tax services team has extensive expertise and technical knowledge to assist you with navigating the unique tax planning and compliance challenges. We provide our clients with a wide range of international tax services to help you achieve your operational objectives and maximize the growth of your business.

At DiSanto, Priest & Co., our international tax services team works closely with our clients to help them understand and meet their tax compliance requirements. We provide proactive advice and support through our team of international tax experts and our global network of advisors.

Our International Tax Services include:

Inbound and Outbound Tax Planning & Compliance

  • Choice of entity and business structuring matters
  • U.S. anti-deferral rules including Subpart F and new GILTI regime
  • Controlled foreign corporation matters
  • U.S. reporting and tax compliance
  • Export incentives including new FDII tax savings opportunities
  • Repatriation planning
  • Withholding tax at source matters
  • Expatriate and inpatriate tax compliance
  • Passive Foreign Investment Company matters (PFICs)

Transfer Pricing Planning & Compliance

  • Planning, design, and implementation of pragmatic transfer pricing solutions
  • Value chain analysis to ensure operational and tax alignment
  • U.S. and foreign transfer pricing documentation
  • Benchmarking services
  • Tax audit support

DiSanto, Priest & Co. is an independent member of BKR International, a leading global association of independent accounting and business advisory firms representing the expertise of more than 160 member firms with over 500 offices in over 80 countries around the world.

From business formation to business succession, we are here to provide support all along the way.

Our talented teams of tax and business support professionals provide a wide range of services and consulting designed to quickly get your business up and running and keep it that way.  We maintain strong relationships with the legal and banking community as well as insurance and payroll professionals to assist in all of your needs.  We offer “turn-key” solutions for the following:

If you own a business, retirement isn’t simply a matter of deciding not to go into the office anymore.  For many people, their business represents a large portion of their wealth and the asset least likely planned for transition.

Succession planning should be a priority for any business, especially a family business. More than seventy percent of family-owned businesses fail to survive the transition to the second generation.   Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next or successfully selling your business for its maximum value.

We are able to assist with the following:

The content on this web page supports DiSanto, Priest & Co., marketing of professional services, and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the subject of this webpage we encourage you to contact us to discuss the potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this document may be considered to contain written tax advice, any written advice contained in, forwarded with, or attached to this document is not intended to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.

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