Tax Planning

Income tax planning is an integral part of many business decisions. From choice of entity to dissolution, tax implications often drive the decision making process. We keep up to date with the most recent US and Massachusetts tax law changes that may affect clients’ businesses.

At KCL, we can assist business owners and executives in developing a comprehensive business plan that considers the tax issues involved including the following:

• Tax aspects of business transactions and financings.
• Choice of Entity – Advising prospective business owners on the tax advantages and disadvantages of the type of business organization they choose.
• Unincorporated Businesses – Tax planning for unincorporated business organizations such as limited liability companies, limited partnerships, and disregarded entities, including structuring allocations, distributions, and capital and profits interests.
• Employee Benefits and Compensation: Design, implementation, and administration of non-qualified, deferred compensation plans and welfare and fringe benefit plans.
• Like-kind exchanges.
• International tax planning.
• Tax aspects of selling a personal residence.
• Business Succession Planning – Advising closely held business owners on tax efficient ways to pass their business to the next generation.
• Tax Exempt Organizations – Tax planning for tax-exempt organizations, including formation, obtaining, and maintaining tax exemption, unrelated business income, joint ventures, and other transactions with taxable organizations.