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Tax Planning and Preparation

Councilor, Buchanan & Mitchell (CBM)’s philosophy about tax planning and preparation is simple: maximize after-tax wealth. 

For more than 100 years, CBM’s reputation among high net-worth individuals and business owners has rested on our ability to navigate complex tax situations for which more than typical expertise is required. Our experienced professionals invest significant time to understand your unique tax situation. We also participate in rigorous training to familiarize ourselves with the impact of new tax laws and regulations on your money on a year-to-year basis.

Whether the tax expertise you need is for yourself, your family or your business, CBM has worked with clients to face numerous challenging situations over the years, grounded in our deep knowledge of tax law and our desire to establish a long-term relationship by building trust and helping each client succeed.

CBM’s team provides the following tax planning and preparation services:

One of the biggest challenges for individual taxpayers and business owners is complying with state, national and international laws in all jurisdictions where there is a tax liability. Wherever you own property or taxable assets, or do business, you can benefit from the help of an experienced accounting firm such as CBM to help you remain in compliance. We also help business owners determine the estimated taxes for income that cannot be withheld, such as self-employment income, interest, capital gains and dividends.

The launch of a new enterprise places significant responsibilities on the shoulders of new business owners including selecting an accounting method to use, identifying the entity type for your business, and calculating the estimated tax payments and employment taxes for your annual return (should you have employees.) CBM can help develop a sound strategy to manage your tax liability as you’re getting your business off the ground. Should you need additional accounting support, or consulting on technology, payroll, bookkeeping and advice for scaling up your business, our experienced outsourced team can help take your business to the next level.

As you accumulate wealth through the success of your closely held business, your role as a not-for-profit executive or some other means, your tax situation can take on greater complexity. You are also more likely to want to manage your wealth by planning your estate, contributing to an education fund for your children or grandchildren, and investing with an experienced financial advisor. CBM’s tax professionals work alongside you every step of the way to collaborate on sound tax strategies that minimize your liability. And should you need investment expertise, our colleagues at May Barnhard Investments, CBM’s wealth management subsidiary, can deliver the services you need.

A letter from the IRS, an unexpected state audit outcome or some other finding brought to your attention by a tax authority can lead to bewildering uncertainty and anxiety especially when large dollar amounts are in question. It is challenging enough preparing your taxes in compliance with all laws and regulations. It is even more confusing when you’re told there is a problem with your tax return! In times like this, turning to CBM is the right way to go. Click here to learn more about the steps we have taken to help hundreds of clients who have run up against an audit or dispute regarding their tax liability. Don’t go it alone; CBM brings vast knowledge to advocate for your interest.

CBM’s not-for-profit team applies years of experience preparing Forms 990, Form 990-PF and Form 990-T for charities, foundations, and trade and membership associations. We also collaborate with clients to help them navigate common concerns such as unrelated business income, proper disclosures or compliance with the public support test, which have significant tax implications.

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Beyond Taxation: Consulting Expertise for Business Owners

Business owners require knowledge about a range of complex management topics beyond just tax planning and preparation. CBM’s accountants and advisors have consulted with hundreds of business owners to ensure the ongoing success and sustainability of their enterprise. Click here to learn more about our business consulting expertise.

2022 Tax Calendar

Don’t miss any important tax filing deadlines. Check out CBM’s 2022 tax calendar for a comprehensive overview of individual and business tax filing deadlines.

CBM Makes Tax Preparation As Easy As Possible for You

Preparing your taxes shouldn’t be difficult. In fact, it should be as easy as possible. Introducing SafeSend Returns™, an automated tax assembly, delivery, signature and tracking system Councilor, Buchanan & Mitchell, P.C. has made available to significantly improve your experience working with us. SafeSends gives you the ability to assemble, send, receive and sign your tax return all from the convenience of your computer, tablet or phone. No need for printed documents, stamps, mailings or other resources that used to be essential to the tax planning and preparation experience.

Click here to read more.


Winnie, I have to say I am a big fan of yours and CBM. Your level of professionalism and client attention is outstanding and I am very glad you are taking care of us. – Lanse Crane

 

“With today’s highly challenging and ever-changing tax rules and regulations, we remain confident in the ability of CBM to meet all our current and future needs, and are happy to provide this recommendation on their behalf.” – Richard A. Swirnow, Chairman at Swirnow Capital Management Corp.

“I have benefited from Dominick Bellia’s expertise since 2014. My construction business has several entities, which means I face a complicated tax situation. But Dominick and his team help me navigate those complexities every year. I appreciate his knowledge and expertise.” – George Mavrikes, Managing Partner at Blue Skye Construction