Advisory Services

While traditional tax compliance includes federal, state, and local tax preparation, tax advisory services go beyond the tax return and into the world of tax strategy and optimization.  Connolly and Co. is here to guide you.

From analyzing financial information to providing forward-looking guidance, we can help clients understand the impacts of their financial decisions and offer advice on how to maximize their tax position, all while taking into account business or personal financial goals. We will work closely with your attorney and financial advisor as needed. These services include but are not limited to:

• Guidance on federal, state, and individual income tax returns
• Advice on federal and state corporate tax returns
• Understanding the tax consequences of acquiring or divesting business assets
• Assistance with restructuring or reorganizing corporations and partnerships
• Estate planning
• Federal, state, and local individual and/or corporate tax planning
• Understanding the tax implications of real estate transactions
• Income tax planning for executives, including employee compensation and benefit plans
• Understanding the tax implications of gift and charitable contributions
• Understanding the tax impact of income and deductions, contributions, major purchases and investments
• Tax insight into college saving programs
• Retirement planning programs
• Representing clients in tax negotiations and disputes with the IRS
• Representing clients in IRS, state, or local audits
• Succession planning assistance
• Tax advice to executors and trustees
• Tax credit reviews to determine maximum allowable credits