Accountancy Associates LLC (AAL) - Making Our Clients More Successful

ACCOUNTANCY ASSOCIATES

Making Our Clients More Successful

What our clients have in common is a desire to maximize after tax dollars; manage wealth; and plan for estate preservation.

Accountancy Associates can help identify and quantify taxation and business valuation risks and bring them under control. We create and implement customized solutions beyond traditional programs to encompass strategies that help increase a firm's longevity, enhance net income and strengthen its balance sheet.

We believe knowledge is power, so we have compiled research for our current and future clients:

IRS Guidelines –

IRS Examination Limits Under the new law, the three year statute of limitations on gifts applies in both the gift tax as well as the estate tax context . . .
Revenue Ruling 59-60 Revenue-Ruling 59-60 considers eight basic factors when valuing a closely-held entity . . .
IRS Undervaluation Penalties Under Section 6662 of the Internal Revenue Code, undervaluation penalties of up to 40% may be assessed on the value of an asset . . .

Exit Strategies & Buy Sell Agreements –

What is your exit strategy As a business owner, you need a plan to protect what is probably the most valuable asset in your estate, the business . . .
Purpose of a buy-sell agreement Many, including establishing value of shares for estate tax purposes . . .
Buy-sells and valuation requirements for family owned businesses Special valuation rules (under Section 2703 of the Internal Revenue Code) apply to any family-owned business in which the family members control 50% or more of the voting or value of the company. . .
10 key questions for a business owner

Estate and Gift Taxes –

What is estate tax? What is it – and what it includes . . .
What is gift tax? Generally, any gift is a taxable gift. However, some exceptions do apply . . .
Benefits of Valuation Discounts In 2001, the IRS collected approximately $29.2 billion in estate and gift taxes . . .
Estate tax implications The easiest way to avoid estate taxes is to die poor . . .
The Importance of Valuing the Business for Estate Tax Purposes Establishing the business value for estate tax purposes is important because the interest owned by a decedent is one of the most heavily litigated and intensely disputed issues. . .