Larsson, Woodyard & Henson, LLP

Paris, IL: 800-777-1985
Casey, IL: 866-895-2153
Terre Haute, IN: 866-883-2043
Tuscola, IL: 877-253-5146

Income Tax Preparation & Planning

Is Your Tax Return Too Taxing?

If you think Uncle Sam is getting more than his fair share, you need LWH!

We enjoy the challenge of helping our clients pays the lowest legal amount of federal, state, and local taxes possible.   

We keep our clients informed about developments in tax law that may affect them, and encourage them to consult with us throughout the year to plan transactions in order to achieve the best tax results.

Our team of CPAs and professional staff complete at least 120 hours of Continuing Professional Education every 3 years so we may stay on top of our game.  Our expertise includes preparation and planning for individuals, closely held businesses (sole proprietorships, partnerships, LLCs, C & S Corporations) and includes passive activities, retail, restaurants, agribusiness, oil & gas, auto dealers, banks, and many others, including private foundations and trusts. Here are just a few examples where proper planning and effective utilization of the tax code can reduce taxes:

INDIVIDUALS

  • - Timing of distributions from IRAs, retirement plans, estates, and trusts
  • - Income tax planning for divorce settlements and child support
  • - Charitable contribution deductions – timing and form
  • - Like-kind exchanges
  • - Passive activity planning
  • - Energy credits
  • - Year-end planning to determine timing to maximize use of lower marginal tax rates, farm income averaging, minimize AMT, and the like
  • - Shifting income to family members in conjunction with estate and gift tax planning

BUSINESSES

  • - Assistance with setting up and maintaining an accounting system to make tax time less taxing
  • - Determining the most tax efficient entity for your business
  • - Determining if accrual basis or cash basis is appropriate
  • - Structuring a business purchase to maximize after-tax returns
  • - Structuring a business sale to maximize after-tax returns
  • - Compensation & benefits planning
  • - Succession planning & exit strategies
  • - Cost allocation to maximize depreciation deductions
  • - Depreciation deduction planning

Our partners have over 175 combined years of experience and stand ready to assist with both routine and unusual tax situations. Contact us today!

Eric V. Bradham, CPA, CGMA

Patricia J. Finch, CPA, CVA, CGMA

Thomas M. Davis, CPA, CGMA

Susi H. Willis, CPA, CGMA

Marla D. Coffman, CPA, CGMA

Curtis Root, CPA, CSEP

Holden Davis, CPA, CGMA

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Home Services Income Tax Preparation & Planning

Our Locations

1

Paris, Illinois

Phone: (217) 465-6494, Mail: paris@lwhpa.com
2

Casey, Illinois

Phone: (217) 932-5241, Mail: casey@lwhpa.com
3

Terre Haute, Indiana

Phone: (812) 242-2043, Mail: terrehaute@lwhpa.com
4

Tuscola, Illinois

Phone: (217) 253-5146, Mail: tuscola@lwhpa.com