Tax Planning

One of our primary offerings is sophisticated tax planning with a simple fixed fee schedule based on potential savings. Except in extraordinary circumstances, we do not charge more than 5% of potential savings. Our pricing ranges from $3,500-$60,000 or above depending on the potential savings. Through tax planning we are very often able to reduce or postpone taxes that would otherwise be due, sometime to the tune of 10-20% of the income of the business. Our attorneys are educated at some of the best law schools and have experience planning for large clients in some of the most prestigious law and accounting firms. We bring this training and experience to the smaller and middle-market where there are often expertise gaps. Our clients come to us when they are considering making changes to their business, when they realize they are paying more than they expected in taxes, are contemplating purchasing or selling their business, or simply wanting to ensure their business is as tax efficient as possible. We encourage clients to speak with us as early as possible, as many tax efficient structures require some holding periods. Whatever the reason for the reorganization, we can walk you through the full process, from an initial idea to analysis and planning, to implementing the plan. We prepare all the related corporate documents in-house for the transaction. If the reorganization involves bringing on new shareholders or partners, we can prepare the documents that reflect this new business arrangement. Our tax planning includes partnership tax planning and international tax planning. We help with the following:

  • Plan and structure a reorganization to minimize tax liability or take advantage of tax opportunities
  • Work through each step of the reorganization from idea phase through completing the transaction and filing all necessary corporate documents
  • Review current operating structures to determine the most tax efficient way of operating the business, including proposing potential changes
  • Add or remove partners or LLC members, including the calculation of the partner's/member's share of the income or loss, and the tax consequences of the proposed addition or removal
  • Advice on international tax issues for cross-border transactions, including mergers and acquisitions, technology transfers, and domestic and foreign joint ventures
  • Counsel on the domestication of foreign companies
  • Work to ensure that acquisitions, dispositions, and expansions are achieved in the most tax-efficient manner

 

Pricing

In order to take the mystery out of planning and to align our incentives with those of our clients, we offer fixed fee planning according to a simple fixed-fee structure below:

  • $3,500 minimum; potential savings* up to $75,000
  • $5,000 for potential savings from $75,000-$150,000
  • $7,500 for potential savings from $150,000-$300,000 
  • $15,000 for potential savings from $300,000 to $500,000 
  • $25,000 for potential savings from $500,000-$750,000 
  • $35,000 for potential savings from $750,000-$1M 
  • $45,000 for potential savings from $1M-$1.5M 
  • $55,000 for potential savings from $1.5M-$2.5M
  • $60,000+ for potential savings above $2.5M 

*Savings equals total future taxes saved and/or 1/3 of taxes deferred (deferral*years) 

Knowledge and Experience

With Juris Doctorates from Harvard and advanced post-JD-LL.M. education in taxation from New York University, Ephraim and John are among the most qualified tax and estate specialists in Utah.

Olson Wiest Is Here for You

At Olson Wiest Law, we focus on Tax and Estate Planning, Corporate/Business Law, Business Formation, Mergers & Acquisitions, and Tax Disputes. We are here to listen to you and help you navigate the legal system.