With 30 years of tax and accounting experience, Michael Terpening has worked with business and individual clients to manage and handle every aspect of taxes across industries and specialized services. Below are some of the services we specialize in.
Construction Industry
Whether you own a construction business or work as a contractor, there are a lot of specific rules and accounting standards to be aware of. We will help you get your accounting practice optimized for a maximum return as well as manage the filing. Some of our services specific to construction include:
- Accounting methods
- Lookback interest planning and compliance
- State and local tax consulting, including voluntary disclosure agreements
- Cost segregation services
- Cost capitalization deferral techniques
- Estate planning for business owners
- International tax consulting
- Employee Stock Ownership Plans (ESOP’s)
- Significant tax benefits
- Feasibility analysis and consulting
- Design, documentation, and implementation
- Ongoing administration
Non-Profits
We have a unique understanding of nonprofits, since we are personally involved with the board of several organizations, as well as provide tax and accounting services to many more. We provide assurance, tax, and advisory services and understand the challenges of not-for-profit funding and business environments. Our ultimate goal is to help our nonprofit clients achieve compliance while retaining the mission of the organization.
Our nonprofit services include:
- Higher Education
- Private Foundations
- Human and Social Service Organizations
- Religious and Community Organizations
Estates & Trusts
- Preparation of Form 706
- United States Estate Tax Return
- Annual Form 1041,
- U.S. Income Tax Return for Estates and Trusts
- Advice for trust funding & accounting
Individuals
- Tax return Preparation – Federal
- Resident Returns – 1040EZ, 1040A, 1040
- Non-Resident Returns – 1040NR, 1040NR-EZ
- Amendment returns – 1040X
- Partnership Return – 1065
- Business Returns – 1120, 1120-S & 1120-C
- Trust Return- 1041
- Tax return Preparation – State, City & Local
Small Business
- Tax Resolution And Representation
- Tax Consulting
- Reporting And Bookkeeping
- Government And Tax Compliance
Tax Planning
We have a deep understanding and knowledge of tax law, complex tax code, and new tax regulations by attending frequent tax seminars, and staying up to date on the latest strategies.
Be sure to schedule an appointment to discuss the strategies that we can put in place to save you money!