Business Tax Planning

Tax strategy encompasses different aspects including the timing of income, purchases and other expenditures, selection of investments and types of retirement plans. The goal of having an effective tax strategy is to arrange your financial affairs in order to minimize your tax obligations within the constraints of the laws that are currently in place. We constantly stay abreast on legislative changes which offer prospective planning opportunities as well. Our tax planning services include:

  • Based on careful analysis of your tax situation, we ensure you take every tax credit and deduction you deserve on your tax return.
  • We help you set up a recordkeeping system that meets IRS requirements.
  • We work with you all year long–not just at tax time–to develop tax planning strategies that lower your tax bill.  Advanced tax experience, backed by industry-leading tax research resources, provide us with a unique ability to analyze interim results, model one or more scenarios, and then recommend actions to businesses to minimize tax liabilities.
  • We analyze your tax footprint to understand the taxing jurisdictions where your company is doing business and focus on tax planning strategies appropriate for those states and localities.
  • We advise you on choosing an entity type and later restructuring if advantageous, including any necessary Federal and state election filings.
  • We can assist with new business formations – determining which business entity best meets your goals and minimizes tax liability, partnership agreements, review of business plans and cash flow budgets, setting up accounting systems and policies, ensuring you are compliant with tax laws (i.e., Federal EIN and sales tax/payroll registrations), preparing annual tax returns and quarterly estimated taxes, and assisting you in the filing of paperwork for state and local licenses and permits.

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