Doug Gaston, Partner

Tax Solutions Sheets
Big Tax Penalties for Nondisclosure
Failure to disclose "reportable transactions" to the IRS could result in penalties from $10,000 to $200,000 per transaction. More »»
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Strategies to help you build your net worth and manage your tax obligations

IRS Form 990 Changes
Tax-exempt organizations face many challenges with the new Form 990. The significant increase in time and resources needed to prepare and complete the form's 11 pages and 16 additional schedules can be very taxing on a staff already stretched thin. BKD can help. We prepare more than 2,000 tax-exempt returns a year and have professionals trained in the not-for-profit industry. Learn more about how our insight and expertise can benefit your organization. Contact your BKD advisor and view our related webcasts:
  • Form 990 Changes - Preparing, Planning & Pitfalls, Including Schedules H, J & K
  • The New Form 990:  Accountability, Transparency & Compliance – Are You Prepared?
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.

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

For More Information

Contact your BKD advisor or:

Lisa G. Workman
National Tax Director
417.831.7283