Tax Planning for Small Businesses

Small Business Tax Planning Services

If you worry you’ve been overpaying your taxes, you’re not alone. Nearly one-third of small business owners believe they overpay their taxes.

Whether you work in IT, Real Estate, Hospitality, Healthcare, or another industry, there are endless strategies that are both legal and little-known that can help you save hundreds, and in some cases, thousands, of dollars when you file your taxes!

As your business’s tax planning partner, we’re invested in making sure that you achieve the tax savings you deserve.

Small Business Tax Planning

The Benefits Of Outsourcing Tax
Planning for Small Businesses:

When you try tax planning on your own, you might…

When you hire a professional to handle your tax planning…

Tax Planning for Small Business

Tax Services we offer:

How To Know If Outsourcing Your Small Business Tax Planning
Is The Right Call:

deductions
You missed out on deductions and other tax benefits in the past.

Once you file your taxes, you’re not able to go back and claim deductions that you overlooked or didn’t realize you were eligible for. Small business tax planning with our experts can prevent this, ensuring that you always receive the maximum amount of tax deductions and benefits available to you.

organize-store-records
You struggle to organize and store records properly.

A common problem for taxpayers and business owners alike, misplacing one record can result in paying more taxes or earning fewer refunds than potentially available. Our experts use specialized software and file management tools to help organize your records while also keeping them accessible when they are needed.

prepare-your-taxes
The thought of preparing your taxes overwhelms you.

Taxes are a burden we all must face, and so many people grow stressed and overwhelmed during tax season. Outsourcing your small business tax planning will maximize the benefits available to you, while relieving your tax burden.

time-need-help
You are short on time and need help efficiently preparing your taxes.

It’s not uncommon to procrastinate on tax filing, but it’s important to remember that no good comes from procrastination. Instead, leave tax preparation to us; our experts will devise long- and short-term strategies to effectively prepare and file taxes for you.

experienced-significant
Your small business has experienced significant growth.

Growth can be both positive and negative; while most businesses should strive for growth, sometimes this growth can occur too rapidly when the business is not ready. Tax planning helps mitigate this problem by properly preparing your business’ financial health for the upcoming growth, as well as managing the finances going forward.

Helpful Resources

BOI Reporting

Businesses and Rentals Existing on Jan. 1 Trigger FinCEN Filings

For existing businesses, the Corporate Transparency Act (CTA) has come into force as of January 1, 2024, and imposes a brand-new federal filing requirement on most corporations, limited liability companies, and limited partnerships and on certain other business entities.  No

Create Tax-Free Fringe Benefit Deductions for your Smartphone

Create Tax-Free Fringe Benefit Deductions for your Smartphone

I hope you can benefit from this fringe benefit opportunity related to business smartphones.  The IRS allows businesses to provide smartphones and tablets such as iPads as a tax-free fringe benefit, simplifying tax implications and eliminating the need for detailed

Tax Rules for Providing Free Meals and or Lodging to Employees

Tax Rules for Providing Free Meals and/or Lodging to Employees

If you’re wondering about tax-free treatment for employer-provided meals and lodging, you may find the following overview helpful. Under Section 119 of the Internal Revenue Code, businesses can offer employees tax-free meals and/or lodging, provided they meet certain conditions. Tax-free