Tax Planning Services

Utah tax planning servicesLaw firms need to keep their tax burden low so they can maximize profits and have money to continue successful operations. To put a tax planning strategy in place that helps you take advantage of every possible deduction, you need the assistance of a qualified tax accountant. At Richard P. Reid, CPA our Utah CPA is highly experienced in tax planning and compliance for individual partners and law firms, so we can save you the most money on your taxes.

We understand that you work very hard for your money so we design an innovative tax plan with the goal of keeping more of it in your pocket. We know the regulations governing individual taxpayers and businesses inside and out so you can feel confident that your taxes are being calculated in line with all current tax laws. And if you’re opening a new business, we can advise you on which entity will offer maximum long-term tax savings as your business evolves.

Don’t waste time worrying about taxes and wondering what you’ll owe when the next deadline approaches. Call Richard P. Reid, CPA at 800-279-3377 and together we’ll develop tax strategies to fit your needs so there will be no surprises at the end of the year. We offer a free initial consultation.

Our tax planning services for law firms and individual partners include:

Strategic Tax Planning for Law Firms

We’re constantly searching for new opportunities to minimize tax liabilities for law firms. We develop optimal tax planning strategies to manage your effective tax rate and keep taxes low in order to realize higher profits and free up more resources to grow your firm.

Tax Planning Strategies for Individual Partners

We can work directly with individual partners in your firm to devise tax strategies that will preserve wealth and secure assets for the future.

Estate Planning

Estate planning is important no matter what stage you’re at in life. At Richard P. Reid, CPA we work with your estate planning advisors and specialists to ensure that all aspects of income tax as well as estate tax elements of your estate plan have been considered thoroughly.

Succession Planning

Make sure your business is prepared when ownership needs to be transferred to the next generation. Work with us to construct a succession plan that will address important concerns ahead of time and preserve the continuity of your business.