Business Tax Strategies

Strategic planning to save money on taxes.

The amount of taxes that you or your business must pay will vary greatly depending on the way that your business is structured and which planning concepts are put into action.  A good plan can allow your business to be taxed in a more favorable manner and allow you to convert money that you are already spending into pre-tax benefits.

Tax Savings Strategies

If structured properly, some deductions could reduce not only income taxes, but also payroll or self-employment taxes.  Some tax strategies require a formal agreement between you and your company, which we can prepare.

Long Term Planning

Tax savings are important, but they shouldn’t be the only focus.  A good tax plan should be part of a well-thought-out business plan with similar financial, legal and estate objectives, including your ultimate exit strategy.

Protecting Yourself Correctly

The IRS is challenging many small corporations and reclassifying them as partnerships in order to assess self-employment tax and deny tax benefits, because the officers failed to fulfill their compliance duties.

Knowing the Law & Record Keeping

We can help business owners, whether filing as a corporation, LLC or sole proprietor, to take advantage of every tax benefit allowed by law and to put in place the proper record keeping needed to protect those tax benefits.