Small Business Tax Planning

 Small Business Tax Planning

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. There are some tax strategies that must be properly documented and reported throughout the year, not just annually.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations through continuing education, professional tax forums, publications and seminars. Tax laws are always changing. Good tax preparation and small business planning is based on current or new laws and pending legislation, to give you a full and accurate picture.

Our businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you…

• Grow and preserve assets by keeping Uncle Sam out of your pockets.
• Defer income so you can keep your money now and pay less taxes later.
• Reduce taxes on your income so you keep more of what you make.
• Reduce taxes on your estate so your family keeps more of what you’ve made.
• Reduce taxes on your gifts so you can give more.
• Reduce taxes on your investments so you can grow your wealth faster.
• Reduce taxes on your retirement distributions so you can retire in style.

Here’s just a few of the Small Business Tax Planning Strategies we use…

• Review current tax projections, including basis issues.
• Review entity choice.
• Review and plan for carry forward items.
• Discuss and review the different business auto options.
• Review your business retirement plans.
• Review your hiring options.

There are many ways to get your small business into serious tax trouble. However, there are almost just as many ways to legally protect your business assets and maximize your tax savings. By understanding your business goals, consistent communication, and proper small business tax planning, we can provide you peace of mind related to your business.

Please schedule a free, no commitment, consultation today.