Federal Tax

Serving the industry for years, our team of tax experts work to lower your tax burdens and maximize your profits. We work to optimize entity type and structure, allocate cost-of-goods sold to minimize the impact of taxes, and document everything so you’re protected in the event of an audit.

Experienced guidance to lower overall tax burden, navigate IRS taxes, and avoid tax audits.

Expert Tax Support to Lower Your Exposure

We will be navigating federal tax obligations that create complications and an unfair tax burden that the IRS has made a habit of auditing small business companies and assessing fines of six or seven figures. Expert industry tax support can alleviate much of the stress of tax compliance. 

Minimize other Taxes

Our federal tax compliance and planning services are built on two core goals. The first is to optimize your reporting and entity structure to ensure you’re paying the minimum amount in tax liability. The second is to ensure you have the appropriate documentation to ensure your professional/individual and small business is prepared to defend its tax position in the event of an IRS or state/local audit.

Access Dedicated Tax Support

With Thompson and Associates’ tax team actively advising your business operation, you’ll enjoy peace-of-mind knowing your tax position is secure and you’re enjoying maximal revenue so you can reinvest in growing your business.

• Tax Compliance and Planning – Complete tax services to assist you in maintaining compliance and plan for future tax liability
• Analysis and Optimization – Specialized review of your Cost of Goods Sold and other key business metrics to ensure you’re not in violation of IRS Tax Laws.
• Structuring Business Entity – Analysis of your business operation to ensure you’re utilizing the flow-through and tax savings potential of entity structure.
• Tax Provision ASC 740 /FIN 48 – Publicly owned operators face a unique set of tax reporting obligations. Our tax support team can help optimize your tax function to ease accounting for the asset/liability method.
• Stock and Asset Sale Modeling – If you’re engaging in an M&A deal, the tax impact could make or break the deal. Our assessment services will help you analyze your options to maximize transaction value.
• Tax Audit and Support Defense – In the unfortunate event of an IRS audit, our tax experts can make a difference by helping you assemble and verify documentation, serve as the point-of-contact with the IRS, and even serve as experts in a tax court trial.