Schall & Ashenfarb, CPA's has been serving the accounting community for over 30 years and prides itself on having the hands-on style of a small firm with the resources and quality of a larger, regional firm. Our primary niche of working with not-for-profit organizations allows us to hire and retain professionals that specialize in this unique industry. We also have a more traditional side of the practice that works with clients in commercial industries that include arts and entertainment such as Broadway and Off-Broadway Theater, touring theatrical productions, legal, medical and other professional service firms, professionals and self-employed individuals and more. We provide financial statement preparation, accounting and tax planning services for these clients.

Tax Planning

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you... 

  • defer income so you can keep your money now and pay less taxes later.
     
  • reduce taxes on your income so you keep more of what you make.
     
  • reduce taxes on your estate so your family keeps more of what you've made.
     
  • reduce taxes on your gifts so you can give more.
     
  • reduce taxes on your investments so you can grow your wealth faster.
     
  • reduce taxes on your retirement distributions so you can retire in style.


Here's just a few of the Tax Saving Strategies we use...

  • Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
     
  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
     
  • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
     
  • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
     

If you'd like to receive more information about our Tax Planning Service, please complete this form.

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