Inventory issues can have huge consequences to your business. Controlling the cost of your inventory and the costs associated with your inventory can greatly improve the bottom line of your business. SVA will help your business evaluate the best cost method for the products of your company and industry.

• Inventory method analysis
• Consulting
• Inventory tax reporting

All individuals and businesses want to reduce their income tax liability anyway that they can. With experience in many different industries, our professionals work with you to minimize the amount of your tax obligation to the different taxing authorities. Our professionals go the extra mile to exhaust all efforts to see whether you qualify for different credits and exemptions available. Through our various tax planning techniques we can give the taxpayer an accurate idea as to what will be owed and to whom.

• Tax return preparation
• Identify tax strategies to fit your situation
• Interim and year-end tax planning
• Determine nexus requirements
• Limiting your exposure to different jurisdictions
• Plan for future business expansion
• Income deferral and deduction acceleration techniques

One of the biggest problems that a taxpayer faces is writing the check to the taxing authority. SVA tax professionals emphasize advanced tax planning to there are no surprises at year end. We will make sure that you are well under the safe-harbor rules that are available to taxpayers to limit their exposure to penalties and interest.

• Detailed interim and year-end tax planning
• Preparation of Vouchers for the convenience of the taxpayer
• Payroll tax administration & calculations
• W-2 preparation

SVA will help you determine the best method for capitalizing additional costs for tax purposes.

• Inventory calculations and capitalization
• Consulting

SVA will help you determine the best depreciation method for your business. We take a look at the industry that you are in and will look at all scenarios to get you the most tax savings possible for your business. We will keep your assets in our depreciation software and let you concentrate on your business and not worrying about the complexities of depreciation calculations.

• Asset management using depreciation software
• Pooling
• Maximization of expensing opportunities
• Utilization of carryovers

SVA believes in a proactive approach to your state and local taxes. The most obvious way in which you benefit is to secure the lowest possible tax obligation that is possible by planning well in advance for different scenarios that may arise. Our staff will help you in understanding the tax implications of different transactions and help you to limit your exposure to multiple taxing authorities. While we provide all of the traditional tax services, we help our client with their multi-state, as well as international, tax-reporting obligations.

• Income and Franchise Tax Return Preparation
• Multi-state nexus planning
• Identify Opportunities for Tax Savings
• Secure credits for clients in multiple locations

SVA’s experienced team will help you in determining what state credits you are entitled to and help you in claiming these credits on your tax return.

• Assess credit potential
• Discuss incentive opportunities by location, employment, and industry
• Assist with certification with states/municipalities
• Negotiate with state/municipality for incentives

Taxes on real and personal property generally comprise the largest component of the state and local tax burden. With our advanced knowledge of the Personal Property tax laws, we can take advantage of all available credits/exemptions available for Personal Property tax. We will prepare your returns and classify your assets to correctly report them to the local taxing jurisdiction.

• Classify your Assets in the different categories of assets
• Identify exemptions, refunds, and abatement opportunities.
• Improved fixed asset reporting
• Cost Segregation studies to properly classify the personal property that you own

Our professionals will help to identify the potential to claim research and development credits and develop a system for tracking research and development costs. Your company will be better equipped to identify and track your research and development costs and have a better understanding of why certain expenses would qualify for the research and development credit and reduce taxes.

• Define research and development for your business
• Identify qualifying projects
• Quantify the applicable expenses
• Develop the system and calculation to support and claim the credit