Johnson Price & Sprinkle, PA - Certified Public Accountants
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Tax Management Services

As the largest segment of our practice, our tax management services are designed to ensure that our clients receive sophisticated tax advice from professionals who are committed to watching over their financial future. We believe effective tax advice and planning is based on a close understanding of each client's financial affairs, tax history and financial objectives.

At Johnson, Price & Sprinkle, P. A., we realize that tax planning is an ongoing activity and we encourage our clients to consult with us throughout the year regarding any current or potential concerns or decisions. Whether your needs are simple or complex, personal or business, the skilled professionals at Johnson, Price & Sprinkle can help. We can show you how effective tax planning for your business, estate or yourself can make a difference where it counts — on the bottom line.

Our comprehensive tax services include:

Tax Return Preparation — Our tax professionals assist hundreds of individuals and businesses in meeting their tax return filing requirements each year. Our professionals are always alert for alternatives and opportunities which could save you tax dollars. We believe preparing your return is not merely a mechanical process of transferring numbers to tax forms. Rather, we strive to become familiar with you and your financial circumstances in order to better serve your needs throughout the year.

Tax Planning for Businesses and Individuals — We offer a full range of tax planning services for businesses and individuals, both in terms of short-term planning and more long-range tax planning. Whether you are an owner of a closely held business or an individual interested in finding ways to reduce your income taxes, the professionals at Johnson, Price & Sprinkle can help ensure that you are paying the correct amount of taxes.

Estate Planning — Estate taxes may be the single largest tax expense you will ever face, and an unplanned estate could cost your heirs much of what you've earned during your lifetime. Thorough planning requires knowledge not only about estate tax, but also about income taxes, trust operations, family dynamics and perhaps even business succession planning. There is no "one size fits all" estate plan, and Johnson, Price & Sprinkle is ready to help you tailor a plan to meet your individual needs and circumstances.

Retirement and Fringe Benefit Plans — With payroll expenses escalating, the cost of attracting and retaining quality employees increases, often exceeding 30 percent of payroll. Johnson, Price & Sprinkle, P. A. can assist you in formulating a cost-effective benefits package that achieves your goals, tailored to provide maximum benefit to your company and your employees.

Business Succession Planning — A carefully crafted succession plan encompasses family dynamics, retirement planning, personal income and estate tax planning, and business income tax planning. The professionals at Johnson, Price & Sprinkle have the combination of education and experience necessary to help you plan for and implement the smooth transfer of your business to the next generation or to new owners. Proper planning can also facilitate the successful continuation of the business should something happen to the owners before they reach the point at which they planned to transfer the business.

Entity Selection — In starting any business venture, one of the most crucial initial decisions to be made is what form of entity should be utilized. We can help you choose the legal form in which to operate a business by reviewing the tax and non-tax attributes of each organizational form.

Property Exchanges — Investment or business property can be sold without current income tax consequences if the transition is properly structured as a like-kind exchange. The professionals at Johnson, Price & Sprinkle have many years of experience in structuring property exchanges to help clients achieve continued growth in their investments while avoiding current income taxes.

Representation Before Tax Authorities — Although a very small percentage of tax returns actually get audited by the IRS or state taxing authorities, it is critical that you have knowledgeable representation if your return is chosen for examination. As experienced tax professionals, we know how to organize and present the information requested by the tax authorities. We also have resources to successfully manage tax controversies with the IRS. Particularly in the area of employer payroll taxes, we have experience in assisting clients in their negotiations with the tax authorities to achieve the best settlements possible.