Francis Tax Service provides the support, objectivity and expertise businesses need to succeed within the context of an ever-changing business landscape. We offer a broad spectrum of accounting, financial, and consulting services across a number of industries to give business owners and managers the insight they need to prosper.
Bankruptcy & Insolvency Taxation Group handles all compliance matters for bankruptcy clients of the firm’s Advisory Services division.The group prepares individual and business tax returns for bankruptcy clients and reviews all bankruptcy filings and the disposition of assets to determine tax implications. In addition to these services, the bankruptcy & insolvency Taxation group provides counsel with respect to each client’s tax filings.
With its broad expertise, the firm has established Francis’s Cost Segregation Group as a team of professionals who specifically focus on helping clients realize the benefits related to cost segregation.
Cost Segregation is a process through which particular portions of real estate (owned or leased) can be reclassified for depreciation purposes.
Specifically, as allowed by recent court cases and authoritative pronouncements, certain portions of buildings and surrounding real assets can be depreciated over shorter periods of time than the traditional periods of 27.5 or 39 years.
While the total deduction over the 27.5 or 39 years does not change, the timing of the deductions does. Various components of a building, such as wiring, plumbing, concrete and HVAC may be segregated. This means they can be written off more quickly – which can mean a substantial increase in cash flow.
Whether a client is starting a new business, in need of a forecasted financial statement, or in need of a financial statement, the Financial Statement group understands each client’s needs. They can provide the type of financial statement or report necessary for clients to achieve their financial objectives and goals.
Whether you are in a community property state or not, Francis’s Modern Family & LGBTQ tax and estate planning experts can help you plan. Whether you have complex deductibility issues because of medical expenses, adoption expenses, or legal expenses, we’re prepared.
Or perhaps there are income issues pertaining to retirement, capital loss allocation, or other concerns. If your modern family includes children from prior marriages, estate planning is critical whether you are married or unmarried.When it comes to preserving your wealth and protecting your family’s future, planning is crucial. But what if you or your family does not fit the traditional definitions and assumptions underlying our country’s tax and estate planning laws?Heterosexual or LGBTQ, married or unmarried, with or without children, now more than ever it is imperative to work with experts and specialists experienced in navigating the complex, hyper-local and shifting tax landscape for the modern family in America.
Whether you are in a community property state or not, Francis’s Modern Family & LGBTQ tax and estate planning experts can help you plan. Whether you have complex deductibility issues because of medical expenses, adoption expenses, or legal expenses, we’re prepared. Or perhaps there are income issues pertaining to retirement, capital loss allocation, or other concerns. If your modern family includes children from prior marriages, estate planning is critical whether you are married or unmarried. When it comes to preserving your wealth and protecting your family’s future, planning is crucial. But what if you or your family does not fit the traditional definitions and assumptions underlying our country’s tax and estate planning laws?Heterosexual or LGBTQ, married or unmarried, with or without children, now more than ever it is imperative to work with experts and specialists experienced in navigating the complex, hyper-local and shifting tax landscape for the modern family in America.
Heterosexual or LGBTQ, married or unmarried, with or without children, now more than ever it is imperative to work with experts and specialists experienced in navigating the complex, hyper-local and shifting tax landscape for the modern family in America.
As scrutiny of tax-exempt organizations by the federal government, state Attorneys General and your constituencies increase and nonprofit compliance issues become more complex, you need a tax team that is thoroughly familiar with the ever-changing tax laws, tax regulations and tax rulings specific to the nonprofit sector.
Francis’s tax professionals provide associations, public charter schools, foundations, NGOs and public charities the tax education, advice and support they need to ensure they will remain exempt and able to continue their important work. With “exemption protection,” francis helps nonprofits protect their greatest asset: their nonprofit status.
