ABOUT Latimer & Latimer, P.C.

Latimer & Latimer, P.C. is a comprehensive tax planning and preparing firm that takes great pride in knowing each and every one of their clients. At L&L you are not just a number. Conversely, at L&L we value each and every client regardless of one’s financial stature. Over time we develop lasting and personal relationships with our clients. This enables us to maximize each clients return and minimize their tax liability. We offer high level tax planning/consulting that is tailored specifically towards each individual, business or estate’s need.
Our firm features the latest software technology, electronic filing capability, access to remote staffing resources and other competitive advantages. Working capital is a precious commodity. We help keep your money working for you instead of paying more in taxes. While tax rules change constantly, and timing is often critical, our expertise and constant study of the laws allow us to take advantage of legitimate tax saving opportunities; and anticipate future ones. By evaluating your operations, we can frequently recommend alternatives to help minimize your tax liability.

Tax Compliance

Filling in the tax forms is the relatively simple part. Accurately reflecting complex transactions in a timely manner, while understanding the nuances of each client’s business is not; but that is what we do Latimer & Latimer, P.C. We not only ensure your full compliance, but our philosophy is that the tax return reporting function should be the culmination of ongoing tax planning and strategies. We’ve made certain that our systems ensure efficiency.

Our firm features the latest software technology, electronic filing capability, access to remote staffing resources and other competitive advantages. For our clients, better efficiency means peak accuracy, faster results and lower costs.

No matter what your scope, your needs are our expertise.

Partnerships
Individuals
C Corporations
S Corporations
Trusts and Estates
LLCs
International
Multi-state
Tax Planning

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Business Succession and Exit Strategies

Exiting closely-held business situations can be complicated, exciting and stressful. This is particularly true when passing family ownership between generations. Throughout this complex process, we help plan a transition that provides long-term financial security for the departing owner and continued prosperity for the future holders. We not only recommend solutions to reduce the overall tax burden(s), but can actually enhance the process. We work with Houston’s best legal and financial professionals on a regular basis. We have found that plugging our clients into this network, where appropriate, is the best way to get deals done right – the first time.
Representation Before Tax Authorities
Any interaction with the IRS can be intimidating and frustrating. Our professionals know how the IRS functions and are experienced in federal and state tax examination procedures. As informed experts, we can effectively represent you on examination and will assist with ruling requests. Count on our capabilities to get your tax controversy matters handled as quickly and painlessly as possible.

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Treasury Services

To be competitive, business owners must prepare for all future events and market changes. One of the most important aspects of such preparation is cash flow planning. Failure to properly plan cash flow is one of the leading causes for business failures. Cash flow analysis should show whether your daily operations generate enough cash to meet your obligations and how major outflows of cash to pay your obligations relate to major inflows of cash from sales. As a result, you can tell if inflows and outflows from your operation combine to result in a positive cash flow or in a net drain. Any significant changes over time will also appear. Understanding this will lead to better control of your cash flows and will allow adequate time to plan and prepare for the growth of your business. A monthly cash-flow projection helps to identify and eliminate deficiencies or surpluses in cash and to plan appropriately for the future. When cash-flow deficiencies are found, business financial plans must be altered to provide more cash. When excess cash is revealed, it might indicate excessive borrowing or idle money that could be invested. The objective is to develop a plan that will provide a well-balanced cash flow. Our consultants can help to develop a model for your business to give you insight into your own cashflow.

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Representation Before Tax Authorities

Any interaction with the IRS can be intimidating and frustrating. Our professionals know how the IRS functions and are experienced in federal and state tax examination procedures. As informed experts, we can effectively represent you on examination and will assist with ruling requests. Count on our capabilities to get your tax controversy matters handled as quickly and painlessly as possible.Controller Solutions
A strong controller is the backbone of most companies. Not only does this role focus on the transactional functions that generate invoices and payments, a good controller helps generate meaningful financial and operational reports useful in managing your business. If you find that your controller isn’t driving valuable insight into your financials and their meaning, Latimer & Latimer, P.C. can help. We have staff with a Masters in Taxation, as well as MBA. To enhance your company, the Controller Solution can address:

  • Tactical financial and business support to generate consistent, timely and reliable numbers.
  • Efficiencies gained from implementing best practices through proper financial reporting and systems and procedures.
  • Interim assistance for high-level financial clean-up when needed.
  • Measurement systems to help you gauge the progress in your business.

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