Starting a new business is incredibly exciting, but if the best practices for selecting the right entity, formation and accounting policies are not done correctly from the beginning, huge problems can occur down the road. RainCity CPA, PLLC can provide the professional guidance needed to make sure the right choices are made and the best structures implemented for smooth tax and accounting results.

High income potentially equates to high taxes. RainCity CPA, PLLC’s goals is to guide our clients through the maze of complex decisions required such as asset allocation, estate and retirement planning, trusts, financial projections, and wealth preservation to minimize taxes for a favorable after-tax return.

Doing the due diligence as a real estate investor or partner prior to making an investment is required to achieve the optimum profits. The complexity of not only the financial investments but the interpersonal relationships need to be addressed to ensure a long, financially healthy cooperation between all parties.
With this goal in mind, RainCity CPA, PLLC works with the individuals and business to provide the best structure, tax planning and tax preparation.

Cash is the bottom line for any business, especially those in the hospitality, restaurant and lodging industries. It is critical to properly track daily expenses, inventories, payrolls and insurance costs. RainCity CPA, PLLC can assist in all of these areas as well as prepare financial reports to review the economic status of the business. The end result is a cleaner, clearer picture of the profitability of the business and a tax return with an expected result.

Doctors, dentists, lawyers and other professional practitioners need the services of a CPA to provide quality guidance and structure in the areas of practice management, revenue generation, retirement goals and personal tax preparation. RainCity CPA, PLLC has a team well versed in these areas so that we are able to spot potential tax problems, offer solutions to the problems and maximize the practitioner’s bottom line.

When two or more persons engage in a business enterprise, they become owners of the business and are responsible for all the tax implications that come with the business. One big question is how each partner will be financially impacted from day one until the dissolution of the partnership. RainCity CPA, PLLC can help with not only these set up and dissolution structures, but advise and maintain the appropriate practices to ensure the business records and taxes are prepared to all partners’ satisfaction.

Estates & Trusts require specific planning involved around asset transfer techniques and tax funding considerations to minimize income tax consequences. Because the estate tax laws are complex and continually changing, RainCity CPA, PLLC’s knowledge base in this area can add value to our client’s situation and their unique needs. We can provide guidance in both the planning and administration phases to achieve the desired objectives.