Intro
I graduated from Northwestern University, where I enrolled at the age of 16. I also met my wife, of more than 40 years, Lillian, at Northwestern University. We moved to the Wilmington area ten (10) years ago, after the birth of our oldest grandson. I established AJN Tax Services shortly after we moved to Wilmington, in 2014. AJN Tax Services, Inc. is named after my oldest grandson.
I currently prepare and file tax returns in more than a dozen states where clients have business interests and real estate. I also represent clients in states throughout the country.
If you are looking for a tax preparer that will focus on your individual needs when preparing your tax return; who always treats you like a client who matters, and not a number, look no further than AJN Tax Services, Inc.
I will thoroughly and conscientiously study your personal situation, and tailor my advice to your specific needs.
Business Entity Selection
The way you structure your business has far-reaching tax and financial implications. Each business entity class—partnership, LLC, sole proprietorship, S corporation, etc.—has distinct advantages and disadvantages with respect to tax liability, personal asset protection, operational structure, and more. Selecting the best entity type for your company requires careful analysis of your business objectives.
I will thoroughly review your current transactions and business plan with you to help you find the ideal structure for your business. And because the best entity designation today might not suit your evolving needs in the future, I will also provide guidance on how to regularly reassess your business structure, and change it if appropriate.
Buying or Selling a Business
The decision to buy or sell a company can shape your future for years or even decades. The buying/selling process requires careful valuation, an exhaustive due diligence process, and in-depth research to determine the right timing for the transfer.
When the time comes to explore selling your business, I will provide support for you and your staff at every step. My services include accurately valuing the company, vetting potential buyers, and ensuring that qualified buyers have easy access to all the information they need to fulfill due diligence obligations.
I will also partner with you when a promising opportunity to acquire a business presents itself. My valuation services and support for due diligence give you the peace of mind of knowing that the targeted company is what it appears to be.
Estate & Trust Tax Preparation
Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during a very difficult time. My services include estate planning to simplify property transfers to heirs, minimizing tax liability so heirs receive the maximum benefit, and tax preparation after a loved ones’ passing.
I will work with you and your attorney to structure your estate and/or trusts with an eye toward minimizing tax liability, smooth fulfillment of your bequeathal directives and, when possible, avoidance of the long process of probate. In the event that you wish to begin distributing assets to your heirs during your lifetime, I can also assist with IRS gift reporting requirements.
When a loved one passes away, I can prepare and file any required final tax returns for the decedent and any associated trusts. I lift the paperwork burden off your shoulders, so you can focus on the far more important matter of spending time with your family during a difficult transition.
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. Taxes may be a certainty in life, but worrying about them doesn’t have to be. For individuals, I can save you time, money and stress by preparing and filing your returns, while claiming every allowable deduction and credit. For businesses, I can help by minimizing your tax liability, while ensuring that you stay in compliance with all federal, state and local regulations.
Accurate and timely filing of returns is only the beginning of an effective tax strategy, however. Every personal or business financial decision, from buying a house to selling investment holdings, from expanding staff to replacing aging equipment, can have significant tax implications. Successful tax planning rests on understanding all of these impacts before the decision is made, so that you can act at the most advantageous time. Let us show you how.
Our country’s ever-changing tax code places heavy burdens on both individuals and companies, but it also holds extraordinary opportunities if you know where to look. I am here to guide you along the path from basic tax compliance to a strategy for long-term tax minimization.