Tax Planning Strategies

“I have an accountant that I love and I’ve used them for years!”
– Most business owners

I’m not saying your current accountant is incompetent or negligent; in fact, I have no doubt that your accountant is great and a good person. But that does not mean that they are saving you the maximum amount possible each year on taxes. They may have not had the proper training or be able to spend enough time going through everything. Most accountants focus on preparing your return each year and they aren’t taking a step back and saying, “how should we actually be doing this?”

Since taxes average about 20% of revenue, it’s vital that you ensure you are taking every step to legally reduce this expenditure, just as you would ever other line on your profit and loss statement. Every dollar that you save here, goes directly to your bottom line.

Here are some of the items we cover in our comprehensive review:

• What deductions we need to add (fringe benefits, home office/utilities, meals, hiring dependents, etc.)
• Which legal entity structure is best for you (S-corp, C-corp, etc.)
• What we need to consider for retirement plans
• How we’re handling insurance
• Legal loopholes that apply specifically to you
• Recent regulatory changes
• Niche specific strategics
• Advanced planning strategies

In just a 30 minute call, get a free estimate on how much you could be saving on this and future year’s taxes.