Federal Tax Consulting
Maximize opportunities and reduce risk with year‑round federal tax planning. We align strategy to your goals, model the impact before you act, and implement elections, policies, and processes that hold up at tax time.
What we do:
- Entity and structure planning
- S‑corp/partnership/C‑corp considerations, reasonable comp, basis tracking
- Fixed assets and capitalization
- §179 and bonus depreciation, MACRS schedules, capitalization policy, repairs vs. improvements (RABI)
- Inventory and accounting methods
- Costing methods, 263A/UNICAP considerations, method changes and elections
- Compensation and fringe benefits
- Accountable plan, health/HSA, education, transportation, officer comp
- Meals, travel, and entertainment
- Policy design and documentation to maximize allowable deductions
- Retirement plan tax advisory
- SEP/Solo‑401(k)/401(k) design and funding timing, owner‑employee strategy
- Credits and incentives
- R&D credit, energy‑related credits, and applicable elections
- Projections and estimates
- In‑year tax projections, safe harbors, and quarterly estimates
How we work:
- Discover: goals, ownership, revenue streams, pain points
- Analyze: model scenarios and quantify tax impact
- Implement: elections, policies, and process changes (with documentation)
- Monitor: mid‑year and year‑end updates; adjust as facts change
Deliverables you'll receive:
- Written planning memo with recommended actions and timelines
- Tax projection worksheets and estimate schedule
- Elections and supporting documentation (e.g., §179/bonus, method changes)
- Depreciation and capitalization schedules
- Policy templates: capitalization, accountable plan, meals/travel
Who we serve:
LLCs/partnerships, S‑corps, and C‑corps—from single‑state to multi‑state—served virtually, nationwide.
Want proactive federal tax strategy—not just annual filing? Contact us or book a quick consult to get started.
Why Choose Cloonan CPA?
- Personalized Attention for Every Client
You work directly with William Cloonan, CPA—no call centers, no junior staff. Every client gets tailored advice and responsive support. - Virtual CPA Services, Nationwide Reach
Efficient, secure, and convenient service for small businesses across the U.S.—no matter where you’re located. - Small Business Specialist
With 7+ years of experience serving entrepreneurs and small business owners, we understand your unique challenges and goals. - Trusted Experience
A proven track record of helping clients minimize taxes, stay compliant, and grow their businesses with confidence.
Ready to Get Started?
Schedule a free consult, reach out with questions, or access your secure client portal.
