Tax consulting and tax compliance is a significant portion of a company's financial position. Steensma Novotny PLC has the ability to take the time to understand your everyday business practices and provide you a comprehensive business plan to meet your needs.

The Steensma Novotny Team will work closely with you to help identify tax strategies that are critical to your continued success. Our Team has the capacity to handle any level of complexity for entities ranging from corporations to partnerships to individuals and a variety of industries. We can assist you with tax preparation, estate and succession planning, transactional consulting, state and local tax or employee benefit plan consulting.

Tax Planning and Preparation

Our approach to tax planning and consulting allows us to adapt our full range of tax planning and preparation services to a variety of circumstances. Individuals and businesses require many tax solutions based on their financial goals and current financial situation. Our goal is to provide sound tax planning advice, maximize after tax cash flow and minimize overall tax burdens in order to prepare you for a more prosperous future.

• Tax return preparation and planning for individuals, businesses, trusts and estates
• Extension and estimate preparation and planning
• Year-end tax consulting to defer or accelerate income and deductions
• Estate and inheritance tax returns
• Gift and generation skipping transfer tax returns
• Estates and succession planning

Estate Planning For Individuals:

Estate planning for individuals involves decisions about the types of property to own, the form of ownership, taxation, life insurance and transitioning wealth through wills, trusts and gifts. For small business owners, the decisions involve the organization and operation of the business: from the succession plan to passing the business on to the next generation. The Steensma Novotny Team will assist you with preparing, developing and executing estate and succession strategies in line with your goals to ensure your financial future.

• Estate structure and planning with trusts, wills and life insurance
• Estate transfer procedures
• IRA and pension asset distribution lifetime gifting
• Ownership transfer
• Change in control
• Funding the buy-sell agreement