At Steve A. Claus, PC, as a boutique law firm, we strive to meet each client's specific needs in planning for the future and in achieving their goals in an ever-changing financial and regulatory environment, concentrating in the following select areas.
Tax Management Services
At Steve A. Claus, PC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize their liabilities, maximize their cash flow and keep them on track to reach their financial goals. Our expertise, experience, creativity, analytical skills and research capabilities allow us to optimize financial opportunities to be found in existing, as well as, recently modified or enacted tax statutes and court decisions. We are knowledgeable and up to date on the tax laws and can creatively apply them to minimize your tax burden. As Supreme Court Justice Learned Hand stated in one of his legendary opinions, "Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes." Helvering v. Gregory, 69 F.sd 809, 810-811 (2d Cir. 1934).
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you will find with our firm can put many of your worries at bay. Steve A. Claus, PC is able to answer any and all questions the IRS may be asking of you so as to ensure that you pay no more than you're just due, as well as assist you in dealing with IRS collections to permit you pay your tax obligations in a manner consistent with your financial ability to pay.
Estate and Trust Planning
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can assure a smooth succession of ownership. Steve A. Claus, PC is able to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure their wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones will not have any complications to deal with during a time of loss.
Through the entire life cycle of your business, from your company's inception through its growth and development to its ultimate transfer, succession, or dissolution, Steve A. Claus, PC can advise you on choosing the most appropriate and effective actions to maximize the benefits to be derived from your business. From helping you to determine the most appropriate entity type, to dealing with all aspects of the business's operations, ie., choosing and implementing the most effective accounting functions, budgeting, monitoring your financing and debt, forecasting for expansion, adopting the most appropriate employee benefits, retirement and profit-sharing plans,etc., to helping design an exit strategy by structuring mergers, acquisitions, sales, dissolutions, and reorganizations, Steve A. Claus, PCis always there to assist. With our knowledge and expertise, you will always be receiving the most advantageous, creative, and cutting edge guidance throughout the life of your business.
Financial and Retirement Planning
Steve A. Claus, PC's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Steve A. Claus, PC can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.
Advisory and Accounting Services
At Steve A. Claus, PC, we focus on building close client relationships that add long-term value. This includes Advisory services to assist our clients in developing and implementing creative strategies that help them face the myriad challenges of today's business, tax, and regulatory environment. Our clients benefit from objective analysis and our unique experience to assist in exploring options, in identifying workable and effective solutions, and in implementing the identified strategy to take advantage of changes and opportunities in their marketplace, the business and economic climate, and any applicable regulatory, business, and tax law. The Accounting services of Steve A. Claus, PC can help improve the quality of the accounting function to help timely react to changes and to identify the need to explore alternatives and then to monitor the effectiveness of the identified strategy. By working closely with you, our Advisory and Accounting Services can contribute to the success of your business and can maximize the benefits you derive from your business.
Our Advisory and Accounting Services include, but are not limited to:
- Business Planning
- Tax Planning
- Entity Selection
- Corporate tax planning and return preparation
- Partnership tax planning and return preparation
- Transaction structuring and negotiations
- Debt and finances advising
- Mergers and acquisitions
- Reorganizations and Restructuring
- Devising an Exit Strategy
- Succession Planning
- Litigation support
- Financial projections and forecasts
- Bookkeeping (Monthly, quarterly, or annual)
- Payroll processing
- Cash flow budgeting and forecasting
- Personal financial statements