Tax Planning Services

Every business needs to keep their tax burden low so they can maximize profits and have money to grow. To put a tax planning strategy in place that helps you take advantage of every possible deduction, you need the assistance of a qualified tax accountant. At Murphy & Associates CPAs, LLC our Springfield, IL CPA Firm is highly experienced in tax planning and compliance for both businesses and individuals so we can save you the most money on your taxes.

We understand that you work very hard for your money so we design an innovative tax plan with the goal of keeping more of it in your pocket. We know the regulations governing individual taxpayers and businesses inside and out so you can feel confident that your taxes are being calculated in line with all current tax laws. And if you’re opening a new business, we can advise you on which entity will offer maximum long-term tax savings as your business evolves.

Don’t waste time worrying about taxes and wondering what you’ll owe when the next deadline approaches. Call Murphy & Associates CPAs, LLC at 217-544-2120 and together we’ll develop tax strategies to fit your needs so there will be no surprises at the end of the year. We offer a free initial consultation.

Our tax planning services for businesses and individuals include:

Strategic Tax Planning

We’re constantly searching for new opportunities to minimize tax liabilities for our small business clients. We develop optimal tax planning strategies to manage your effective tax rate and keep taxes low in order to free up more resources to build your business.

Alternative Minimum Tax Planning

To deal effectively with this tax we offer alternative minimum tax planning and can prepare the necessary paperwork to determine if you owe Alternative Minimum Tax.

Estate Planning

Estate planning is important no matter what stage you’re at in life. Our estate tax planning solutions will keep the taxes owed on your estate at a minimum.

Succession Planning

Make sure your business is prepared when ownership needs to be transferred to the next generation. Work with us to construct a succession plan that will address important concerns ahead of time and preserve the continuity of your business.

Non-Profit Tax Planning

We understand the intricate reporting requirements non-profit organizations are up against and have the skills to assist you with a variety of tax issues including filing for tax exempt status.