TAX SERVICES

These are the primary areas that may offer tax savings, depending on the nature of your business and assets owned or leased:

•  Organizational Structure – We assess your business organization to determine if your business is structured to take advantage of tax pass-through opportunities (S-Corp or LLC) where appropriate, and C-Corp opportunities to take advantage of the same tax breaks that large companies use to reduce their taxes. 

• Cost Segregation for Real Estate (Owned or Leased) -  If your business owns or leases real estate, cost segregation provisions of the IRS Code permit identifying and reclassifying assets within a building to qualify for faster depreciation which increases cash flow in your business.  

• Protection of Your Business from Potential Liabilities and Exposures – IRS permits captive insurance programs to fund reserves for potential liabilities. These exposures could include general liability, professional liability, product liability, D&O liability, employment practices liability, cyber liability, product or service warranty exposure, or workers compensation. We work with a specialist to assess, structure and manage a program to protect your business against uninsured or under-insured exposures within IRS guidelines. The reserves are deductible against current income and increase cash flow for your business.

• Deferred Capital Gains Tax on Sale of Business or Assets – A proven method to defer capital gains tax on the sale of your business or business assets.  

• Employee Benefits Savings: Section 125 Health Plan for Employees – BVH through its sister company, BSD Capital, LLC (BSD) to offer a Section 125 Health Management Program (125 Plan) providing pre-tax benefits to enrolled employees that result in tax savings for both the employer and employee. This 125 Plan can operate in conjunction with an established employer health plan or on a stand-alone basis.   We also have level funded health plans to help employers control the ever-increasing cost of health benefits for their employees.

• Employment Related Tax Credits (WOTC) – WOTC is a federal tax credit for employers who hire people from specific targeted groups who have faced barriers to employment. We associate with a firm who is able to efficiently run an assessment based on your payroll records to see if your business qualifies for the tax credit. 

• Research and Development Tax Credits – The R&D Tax Credits are available to certain qualifying investments in R&D. There have been some recent changes that now require amortization of qualifying expenses over five years, but there is still potential benefit for certain businesses.

In addition to Tax Services we offer legal services drawing on Joel’s expertise and successful legal career as a business lawyer. The primary areas of practice include:

•  Business Law – structure and organization, formation, contract law, shareholder agreements, buy-sell agreements and other similar matters

• Business Development – sales and marketing agreements, distribution and licensing agreements relating to the expansion of a business

• Corporate Development – focuses on corporate strategy, leadership and governance matters and related agreements 

• Corporate Finance – includes documentation of financing agreements for businesses, mergers and acquisitions (M&A), private equity capital raises, debt financing and equity financing

• Commercial Transactions – includes contracts relating to the sale of goods, commodities transactions, negotiable instruments, letters of credit, secured transactions. Include paymaster services

• Paymaster Services – acting as paymaster for buyers or sellers of commodities for both domestic and international transactions.

Joel’s representation in these legal matters draws on his years of practice, business experience and expertise in negotiation.