Our Tax Team Works Diligently to Minimize Your Tax Burden.
Complex tax laws can turn your dreams of financial independence into a nightmare of complicated paperwork. Seemingly every aspect of life, both business and personal, carries a different tax implication.
At Cornwell Jackson, our tax team works diligently to minimize your tax burden. Our unique combination of taxation experts, positive attitude and a whatever-it-takes mentality result in tax solutions and services tailor-made to fit your specific needs and goals.
Corporate and Business tax services include:
- Transaction consulting
- Federal tax services
- State and local tax services
- Wealth planning
- Tax planning and research
- Building goals into tax planning for estate and succession plans
Tax Planning Tools
As a longtime CPA in the Dallas area, I have worked with a lot of family-owned and closely held small business owners. If you are among the small and medium-sized business owners who are age 50 or older, that gives most of you a window of 10 years or less to fully execute a business transition or succession plan. Fortunately, creating the actual succession plan can take less than one year. This whitepaper can be your accounting starter kit or template for a fruitful business transition. Use it to support a healthier business and a more secure retirement. Your future begins…now.
For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. The report projects that the combined asset reserves of the Old-Age, Survivors and Disability Insurance (OASDI) Trust Funds will … Continue reading Understand Your Social Security Retirement Benefits
Revenue is the top line of your company’s income statement. So, it tends to receive a lot of attention from investors, lenders and other stakeholders. Why? Changes in revenue can tell whether your company is growing or declining. Moreover, changes in the composition of revenue can provide insight into your strategic plans. If your company enters … Continue reading Revenue Recognition for Contracts: Changes Coming Soon
We’re in the midst of hurricane season now, but the eastern and southern shores aren’t the only parts of the country at risk for catastrophic events. Mudslides, earthquakes and wildfires often plague the West Coast, tornadoes may touch down across the Great Plains and Midwest, and low-lying areas near rivers and tributaries across the country are … Continue reading Casualty and Theft Losses: Find the Silver Lining
“On behalf of Tom McCabe and all of us at KMA, I would like to express appreciation for the value that the firm of Cornwell Jackson brings to KMA. When KMA decided to engage a local CPA firm after years of frustration with the inattention of a Big Four firm, I recall having told you that ‘KMA is intent on finding a CPA firm that will make a commitment to truly understand out business and add value by providing counsel in the area of business planning, finance, and tax strategy.’ I also recall telling you ‘we need more than just a three paragraph report from our CPA.’
Cornwell Jackson not only delivered on their promises, but also have exceeded our expectations. We got the trusted business advisor that we wanted, but we also found the relentless advocate that we desperately needed. Thanks again for contributing so much to KMA’s success.”
-Bob Schaffhauser, Chief Financial Officer, KMA