Tax Compliance & Advisory Services

 A significant consideration for any business or individual is the tax effect of their activities. Given that the tax laws are constantly in a state of flux, PNC tax professionals respond by staying abreast of our clients' plans for the future, identifying relevant tax opportunities, and then assisting in understanding those opportunities and evaluating their worth given each client's specific circumstances. Our goal throughout this process is to create value for our clients by rendering efficient, cost-effective services.

We have carefully and deliberately tailored our tax department to the Tampa Bay business environment. Our team of tax professionals has a high level of expertise and experience in corporate and individual taxation, including flow-through entities (limited liability companies, partnerships, and S corporations), estate and gift taxation, trusts, international taxation of both in-bound and out-bound transactions, and state and local tax. Our industry emphasis includes distribution, manufacturing, real estate, and construction, as well as other types of businesses located throughout Tampa Bay.

Our Tax services include:

• Tax Compliance
• Strategic Tax Planning
• Estate Planning
• Estate & Trust Compliance
• State & Local Taxes
• Cost Segregation Services
• International Taxation
• Business Entity Selection

Tax Compliance

PNC tax professionals view your tax return as a report card grading the effectiveness of their year-round planning. Our intent is to prepare tax returns in as efficient and timely a manner as possible, complying with the relevant filing requirements, while presenting your specific situation in a favorable light. PNC tax professionals are proficient in corresponding with the various taxing authorities regarding our clients' federal and state filings, if necessary.

Strategic Tax Planning

Pender Newkirk's blend of seasoned tax professionals, industry-specific expertise, cutting edge research capabilities and top-notch continuing education is designed to provide our clients with creative "outside-of-the-box" tax planning ideas and opportunities. Throughout this process, we understand that our proposals must be practical to be successful and that, when possible, simple is usually superior. Our focus is to continually present our clients with tax-saving ideas that increase their bottom-line and build wealth.

Estate Planning

We offer comprehensive services to preserve your assets. PNC can assist in the design and implementation of business succession plans to achieve the transfer of control of closely held businesses to the younger generation during your lifetime. Our tax professionals can assist you in working out a tax-advantaged plan to transfer your assets to your loved ones or favorite charities during your life or at death. Pender Newkirk & Company also stands ready to assist your personal representative in managing your estate.

Estate & Trust Compliance

Our experienced staff is available to manage all of your tax compliance needs arising out of an estate or trust including annual trust income tax returns, gift tax returns for individuals, estate tax returns after a death, and state death tax returns, if necessary.

State & Local Taxes

Our State and Local Tax ("SALT") group focuses on assisting our clients cope with the increasing complexities involved in the state and local tax arena. One of the largest expense items for many companies is state and local taxes. Pender Newkirk & Company takes a proactive approach, assessing each organization's compliance with the current laws and regulations, then identifying and implementing planning ideas that reduce the overall cost of doing business while increasing cash flow.

Our principal services in the SALT area include the following:

• Credit, Exemption & Incentive Utilization Review - identify overlooked opportunities and file for refund claims
• Voluntary Compliance Review - analyze state nexus and limit exposure
• Taxpayer Advocacy - provide audit assistance when necessary
• State and Local Compliance Services - prepare appropriate filings
• Income/Franchise Tax Planning - minimize overall state tax liabilities

Cost Segregation Services

Cost segregation services consist of in-depth studies to establish the shortest proper federal tax depreciation life and maximize the utilization of applicable sales tax exemptions in connection with the construction of real property. Our goal is to accelerate your federal and state income tax benefit arising from depreciating the structure and minimize the state and local tax element of the total construction cost.

International Taxation

While many of our clients call Tampa Bay home, they are increasingly venturing outside the United State's borders to pursue business opportunities. Likewise, a significant number of foreign individuals and businesses are finding the Florida business environment attractive. Our focus is on careful planning to achieve the most tax efficient worldwide structure. We also regularly help businesses and individuals with all U.S. compliance associated with specialized forms and other filings required for international operations and transactions.

Business Entity Selection

Choosing the form of entity for your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.