Tax Planning Strategies Designed to Aid Your Institution's Growth
With a commitment to investing in the communities you serve, customer service is often at the heart of a financial institution's mission. Seizing the right opportunities and staying focused on growing wisely also are key to your continued success. Whether your institution is focused on organic growth or considering expansion, our proactive guidance and tax advice can help you develop planning opportunities and improve your bottom line.
BKD’s tax services are designed to help financial institutions comply with federal, state, and local laws and reduce their tax burden within the limits of the law. We can help:
- Analyze the effect of current earnings on estimated payments and transfers to holding companies
- Develop strategies to reduce taxes through income or expense shifting
- Calculate tax accruals, including deferred taxes
- Prepare federal and state tax returns
- Perform real estate cost segregation studies
- Represent your institution before the IRS
- Consult on and prepare feasibility studies of S corporation conversions
- Research tax implications of proposed business transactions or new business ventures
- Develop personal financial plans for executives
- Develop estate planning strategies, such as holding company formations or employee stock option plans
- Review tax implications of pension, profit-sharing, and employee stock ownership plans and compensation programs
- Consult on federal income tax reporting requirements for trustee accounts, nominee accounts, and individual retirement accounts
- Prepare fiduciary income tax returns for estates and trusts
- Prepare participant allocation, tax, and summary annual reports for employee benefit plans
- Prepare applicable federal and state income tax returns for guardianship accounts
