Tax Services for High Net Worth Individuals and Closely Held Businesses

King & Oliason specializes in preparing complex federal and state tax returns for:

  • Individuals
  • Partnerships
  • Limited liability companies
  • Corporations
  • Estates and trusts
  • Charitable trusts
  • Private foundations
  • Public charities
  • Supporting organizations

Special attention is paid to customizing tax planning, tax preparation, and tax consulting services to the unique needs of each client. Creative tax solutions take personal attention, which is what you can rely on from our experienced, proactive advisors.

High Net Worth Individuals

Managing your personal tax situation is challenging. Strategic planning is at the heart of our advisory services for affluent individuals.  You will receive ongoing guidance and recommendations throughout the year, assistance with preparing tax returns, and if necessary, help with federal or state audits. We have extensive experience advising clients about:

  • Income tax planning
  • Gift and estate tax planning
  • Federal or state tax audits
  • Charitable giving, whether through direct gifts, private foundations, donor advised funds, or charitable trusts
  • Business and wealth succession planning
  • Real estate investments
  • Stock option planning
  • Retirement planning
  • Divorce tax consulting
  • Cash flow planning

Wealth Transfer Across Generations

At King & Oliason, we are committed to providing comprehensive tax consulting services to families.  We take the time to understand the many-layered relationships that comprise your unique situation.  This means we can help you develop a multi-generational strategy for wealth transfer.  Over time, as we develop relationships with younger family members, we provide advice and education so that they acquire the skills they need for continued financial success. 

Closely Held Businesses

As a closely held business owner, you need a tax advisor who looks at all aspects of your personal and business tax situation.  Business decisions drive tax strategy in a closely held business. King & Oliason monitors your situation to maximize the benefit from each decision.  We’ll help you identify the tax consequences of your decisions.  Working together, we can develop plans to minimize or defer tax liability. Tax laws are increasingly complex, regulations change constantly, and the right timing is critical.  We will keep you abreast of tax regulations and tax changes that affect you. We regularly advise businesses regarding:

  • Business entity selection
  • Succession planning
  • Executive compensation
  • Mergers, acquisitions, and sales
  • Washington state sales and B&O tax
  • Personal property tax reporting
  • Quickbooks® software training and support
  • Personal service corporations

Private Foundations and Supporting Organizations

King & Oliason serves over 60 private foundations, corporate foundations, and supporting organization clients with assets ranging from $100,000 to over $100,000,000.  In addition to providing tax accounting services, we consult with these clients regarding:

  • Choice of entity
  • Application for exemption as a non-profit organization
  • Federal and state filing requirements
  • Payroll taxes
  • Domestic and international grant-making
  • Customized education and training of board members and employees
  • Qualification as a conduit foundation
  • Qualification as an operating foundation

 

Contact Norma Oliason or Rick Starkenburg if you are considering establishing a foundation or supporting organization or are currently involved with a foundation and would like to learn more about our services.