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Tax Services

Tax Services (Domestic)

PAAST is proactive in formulating beneficial tax strategies for our clients. Tax laws and rates are continuously changing and complex. As Certified Public Accountants we are uniquely qualified to assist our clients with tax consulting, compliance and preparation. Our tax professionals provide confidential personal tax planning and consulting to our clients and are proactive in minimizing the taxes paid by individuals, businesses and other entities.

We have extensive experience with federal and state tax issues regarding the taxation of individuals, corporations, S corporations, partnerships, LLC’s and other entities.

PAAST offers comprehensive tax counseling to comply with federal and state tax laws and regulations and to assist in minimizing taxes. Our goal is to work closely with our clients to ensure that they are taking advantage of many tax planning strategies available. We also want to ensure that our clients are in compliance with income tax laws and assist in preparing all necessary tax returns. Our professionals are Certified Public Accountants and continually stay abreast of the most recent changes in tax laws through involvement in various associations and obtaining relevant training. In addition to our human capital, we also have access to other resources and online research services to ensure that we are in current with the latest industry news and developments. The following are some of the tax services that PAAST provides:

  • Analysis of prior year's federal and state income tax returns
  • Assistance with correspondence from federal and state tax authorities
  • Consulting for personal and business tax issues with a focus on minimizing taxes
  • Consulting on acquisition-related tax issues and tax returns
  • Identification of opportunities to minimize or defer income, estate and gift taxes
  • Timely completion of tax returns and compliance with reporting requirements

Tax Services (International)

PAAST has the experience it takes to devise global tax solutions with the ultimate goal to minimize your worldwide tax liability. Our bilingual international tax professionals can help you with all of your corporate and individual compliance needs, while providing value-added tax structuring and planning services. As an independent member of Polaris International we have independent affiliates throughout the world that can assist us with local laws and support.

Corporate International Tax Services provided:

  • Comprehensive tax planning relating to branch profits tax, branch level interest tax, controlled foreign corporations, cross-border transactions, classification, foreign entities, foreign tax credits, holding companies, income tax treaties and withholding requirements.
  • Coordination and preparation of U.S. federal, state and local income tax returns for U.S. business entities with foreign owners, as well as foreign business entities operating in the United States, which includes information returns with regards to cross-border withholding, transactions with foreign related parties, foreign bank accounts, and U.S. ownership of foreign corporations and partnerships
  • Due diligence and planning for mergers and acquisitions.
  • Structuring of foreign investment in the United States and U.S. investments abroad.
  • Transfer pricing studies.

Individual International Tax Services provided:

  • Comprehensive tax planning, including the analysis of foreign tax credits, income tax treaties, foreign earned income exclusion, expatriation, residency elections and dual residency filing
  • Coordination and preparation of U.S. federal, state and local income tax returns for both inpatriates and expatriates
  • Compensation planning to minimize U.S. income, payroll and Estate taxes
  • Foreign Trusts
  • Pre and post residency planning

Tax Services for the Financial Industry

PAAST’s bilingual financial services tax professionals have a vast amount of experience with tax issues relating to domestic, mortgage and foreign banks. We know the importance of industry training and are members of several industry and professional organizations, which allows us to stay abreast of current tax issues facing financial institutions. Our team is well respected as a tax advisor in the South Florida market with regards to the taxation of international bank agencies, branches and Edge Act banks. PAAST Tax Services include:

  • Accounting for income taxes
  • Coordination and preparation of U.S. federal, state and local income tax returns for U.S. business entities with foreign owners, as well as foreign business entities operating in the United States, which includes information returns with regards to cross-border withholding, transactions with foreign related parties, foreign bank accounts, and U.S. ownership of foreign corporations and partnerships
  • Due diligence and planning for mergers and acquisitions
  • Executive compensation planning
  • Federal, state and local tax planning
  • Information reporting
  • Litigation support
  • Representation in front of federal and state tax authorities
  • Sales and use tax planning
  • Subchapter S conversions
  • Tax compliance
  • Valuation and cost segregation services

Tax Planning and Compliance for Individuals and Closely Held Entities

Tax planning and compliance for individuals, family owned businesses and closely held entities is one of the core services provided by our tax professionals. We understand that everyone has a unique individual tax situation. In the evolving world of tax compliance, our services exceed the basic tax planning and preparation of federal and state tax returns.

Our tax services include a complete range of tax planning, compliance and consulting services customized to deliver a level of service exceeding all expectations. Our professionals work closely with each of our clients to identify opportunities and optimize tax strategies to expand their businesses and minimize taxes. By understanding the tax perspective of business owners, we are able to develop an advanced plan for structuring business transactions to capitalize on personal situations.  Our tax compliance and consulting services include:
  • Business succession planning
  • Buy-Sell Agreements
  • Entity selection
  • Federal, state and local tax return preparation and planning
  • Monitor on a regular-basis the accounting and compliance matters for family owned businesses
  • Planning and compliance for closely held businesses
  • Representation before taxing authorities
  • Retirement planning


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