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Working with our clients.
| Do you need immediate help with an accounting or tax questions? Are you considering
making a financial gift and want to know the impact it may have on your estate? Just call
a professional at Carneiro, Chumney & Co. Over 80 years of service tells you that we are
client focused and responsive! We don’t just tell you that we offer excellent client service,
we do it every day.
If you want the level of service that the rest of our clients have received for the last 80
years - contact us.
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| Taking the time to have professional take a good look at your current business
activities may yield some surprisingly positive results.
There are countless tax planning strategies available to a privately-held or mall business.
Some are aimed at the owner’s individual tax situation, some at the business itself.
But regardless of how simple or how complex a tax strategy is, it will be based on
structuring each transaction to accomplish one or more of these often overlapping goals of
accelerating deduction and deferring revenue.
Our team focuses on:
Income
• Advance payments
• Prepaid intercompany services
• Trade discounts
• Deferral of sales revenue
• Deferral of gift card revenue
• Disputed receivables
• Cash discounts
• Warranty income
• Nonaccrual experience
• PCM to accrual
• PCM - other
Deductions
• Prepaid expenses
• Catalog/promotional costs
• Materials and supplies
• Self-insured medical
• Medical portion of workers compensation
• Cooperative advertising
• Accrued professional fees
• Software development costs
• Depreciation
• Rotable spare parts
• Bad debt expenses
• Sales incentive/rebate reserves
• Warranty accruals
• Payroll taxes on deferred compensation
• Accrued bonuses
• Cash discounts
• Stock options
• Lien-date method for property taxes
• Transaction costs
• Section 263A Uniform Capitalization
• LIFO IPIC
Contact Allen Robertson if you’d like to discuss how we can help you with business taxation.
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