Service Solutions

Strategies to help you build your net worth and manage your tax obligations

Changes in our tax laws are one of the few constants of American life. Every change adds a new layer of complexity to an already complicated process.

At BKD, our tax consultants work full time to keep up with these changes. We develop strategies that will allow you to take full advantage of the law, and we use our best judgment and experience to advise you as to what actions you can take to reduce your tax burden.

This forward-looking approach of developing advantageous tax strategies allows you to plan for the future. And because virtually every financial decision can have tax implications, careful tax planning can make a big difference in the final outcome.

BKD annually prepares thousands of tax returns for individuals, all types of businesses, trusts and tax-exempt entities. Beyond our compliance services, we provide a variety of tax planning and consulting services, from estate, gifting and retirement planning to state and local tax issues, international tax advice and succession planning.

For individuals, our tax services are components of WealthPlan, our integrated suite of wealth-planning services. Our tax advisors go beyond your 1040 return to analyze both current and projected income as well as your plans to transfer wealth. Then we recommend such smart tax tactics as timing income and deductions, obtaining tax-exempt income, using tax-advantaged investments, obtaining capital gains in lieu of ordinary income and using gifts and trusts. Our forward-looking, what-if approach can help you grow and preserve assets; defer income; and reduce taxes on your income, estate, gifts, investments and retirement distributions.

Whether wealth planning, compliance or consulting, our goal is the same:  to provide you with recommendations and strategies within the law to help you build your net worth and reduce your tax burden.

One of the tools BKD has for achieving this goal is BKD KEYnet, our intranet, which connects all BKD personnel to our firmwide tax compliance and planning resources. Through the connectivity of KEYnet, you, our clients, benefit from our enhanced ability to share ideas and information.

Compliance

• Annual return filings
• Quarterly estimate computations
• Franchise returns & annual reports
• Sales & use tax returns
• Payroll tax returns
• IRS representation

Tax Planning for Individuals - WealthPlan

• Estate & gift tax planning
    - Strategies to reduce the amount of transfer taxes
    - Timing of transfers & mode of transfer
    - Financial security for children
    - Tax planning tied to transfer goals
• Income tax projections  
    - Tax impact of propose future transactions 
    - Budgeting tool for cash flow
    - Importance of timing and structure
• Personal financial planning
    - Budgeting financial resources to meet retirement, gifting, education
      & other goals
• Family tax planning, including divorce
• Retirement planning

Business Tax Services

• Business restructuring
• Compensation planning
    - New Rules Govern Deferred Compensation Plans
• Corporate tax planning
• International tax services
  - Multistate taxes
  - Property taxes

• Real estate cost segregation analysis
• Research and development credits
  - Sales & use taxes

• State tax & incentives services
    - Reverse sales & use tax audits
• Structuring & administering employee benefit plans
• Transfer pricing

For More Information

Contact your BKD advisor or:

Lisa G. Workman
Director of Tax Services
417.831.7283