TAX SERVICES
Navigating the increasingly complex world of taxation.
Our tax code is incredibly dense, but it is also rich with hidden opportunities for unlocking tax savings and benefits if you know where to look. Whether you're an individual or business looking for tax services, we can help you navigate the ever-increasing complexity of today’s global tax landscape.
Business Income Tax Compliance
Our business clients, meanwhile, face complex federal, state, local and even international tax challenges throughout their lifecycle. Caroprese’s tax professionals work together alongside our clients to manage their tax issues that affect businesses in very significant ways.
Individual Income Tax Compliance
For individuals, our powerful combination of institutional experience and our more direct, personalized approach will help you get everything you deserve when it comes to preparing your tax returns.
Tax Consulting
From advising on the ideal tax structure for a business acquisition to conducting a nexus study for local tax planning, our team of business tax experts are available to assist businesses through the technicalities of modern taxation.
↓ Success Stories
Business Tax Compliance
Leading Engineering Firm
A leading engineering firm with operations in several states across the US engages with Caroprese for income tax expertise and planning.
With a quickly growing business and an expanding presence across the US, an engineering firm knew that selecting an accounting firm that would support their growth was critical to achieving their longer term goals. Caroprese’s team of tax experts was able to advise the company throughout their expansion – covering both direct and indirect tax issues. Caroprese not only managed all of the company’s federal, state and local filing obligations, but advised the company’s CEO as he modified the company’s ownership structure to better compensate staff and introduce new partners. Caroprese was able to work one-on-one with the newly admitted partners to coach them on the income tax consequences of owning a percentage of the partnership.
Tax Project
Media Services Company
Media industry company restructures in advance of major business acquisition that more than doubled the size of its footprint.
A nationally recognized media industry services company identified a strategic acquisition that would more than double the size of their business but required some restructuring to facilitate the requirements of the third-party private equity firm involved in financing the transaction. The company engaged Caroprese to document the restructuring transaction steps and to advise on the tax consequences for the business and its owners. Caroprese then performed due diligence as part of the proposed transaction and was able to identify key exposures impacting purchase price and the purchase agreement.
Individual Tax Compliance
Construction Company Executive
ASC 740 Compliance
Multinational Industrial Parts Manufacturer
A large multinational manufacturer and fabricator of industrial parts with over 50 global subsidiaries seeks assistance from Caroprese for compliance with its tax provision.
The company’s finance team, which is headquartered in Canada, required assistance with preparing its income tax provision for the US-parent company. Caroprese’s tax team engaged early in the process to set forth a detailed list of requirements and a project timeline that ensured completion of the tax provision items in advance of the company’s audit. Throughout the process, Caroprese was effectively able to assist the client with performing a nexus study, properly applying book-to-tax adjustments including UNICAP, preparing the deferred income tax balances and calculating the effective tax rate.
An owner and executive of a construction company with significant income turned to Caroprese for a team of disciplined tax professionals.
This construction company executive needed a team of specialists that was able to provide clarity to the complexity caused by ongoing changes of the federal, state and local tax laws impacting his business. Caroprese quickly learned and gained a thorough understanding of the client’s business and was able to work one-on-one to explain specific tax planning strategies and other initiatives. Caroprese’ tax team performed an R&D tax credit study, assisted with applying for PPP loans and Employee Retention Credits, and handled every aspect of the client’s individual income tax return Form 1040.