Tax

At MST, we are proud to offer full-service tax preparation services. But tax prep is only one piece of the puzzle. We can also help you establish a strategic plan for your organization, which could include estimating future tax liabilities, helping you build tax obligations into your budgets, or simply ensuring you report the correct information to oversight authorities. When you trust us to keep up to date on tax law changes, you can dedicate your energy to growing your business. MST Tax Services can help you:

  • Enhance profitability
  • Meet regulatory requirements
  • Mitigate current and future risk

Tax Planning

Business owners and high net worth individuals come to us looking for ways to lower their tax burden, plan for future tax changes, and reduce the chance of being audited. Tax planning is the key to successfully and legitimately reducing your tax liability. We go beyond tax compliance by proactively recommending tax savings strategies that coordinate individual and corporate tax planning with your retirement and estate planning goals.

Tax Provision Preparation

Many companies struggle to prepare tax provisions and supporting workpapers for independent auditor review. These processes require extensive knowledge of financial statement accounting as well as a comprehensive understanding of federal, state, and international tax laws. We take the guesswork out of tax provision preparation with a combination of expertise and technology. This ensures that your tax provisions and footnotes are ready for a streamlined review by management and external auditors.

State and Local Tax (SALT)

State and local taxes may account for a large portion of your company’s total tax liability. Yet navigating the complex and ever-changing web of state and local tax laws to stay compliant while avoiding overpayment can be intimidating. Our team of SALT experts stays up to date on the latest laws and regulations. We also understand that taking a close look at the big picture is crucial. This helps us slice through SALT complexities to reveal opportunities and minimize risk.

Nonprofit Tax Planning

Nonprofit organizations are held to an extremely high standard. While they usually don’t pay taxes, they do file an annual return and have donors, government agencies, the media, and the general public scrutinizing their operations and how they use funds. We understand that Form 990 is more than just an informational return — it’s an overview of your organization’s financial health, governance standards, and operational effectiveness. We work with you to ensure your Form 990 presents an accurate and compelling picture of your nonprofit’s mission and achievements.
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How to Minimize the Chance of an Audit

There are few things that invoke fear and dread like the notification of an IRS tax audit. While your chance of an audit is less than 1%, there are a few things you can do (and avoid doing) to reduce your chances. Here’s what you need to know.

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