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Business Tax Planning

The correct business planning tools are very circumstance based and the ultimate plan for the business

Business Tax Planning

Business owners have a vast array of potential planning options available.  The correct planning tools are very circumstance based and the ultimate plan for the business.  A small list of the tools that we use for our clients are listed below;

  • Determining what form of business is best for your client and then structuring the transfer of property or services to the new entity in the most tax advantageous manner.
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  • Deferring income and maximizing deductions from current operations.
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  • Taking full advantage of the Section 199 domestic producer's deduction.
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  • Providing tax-favored fringe benefit plans and qualified retirement plans to owners and employees.
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  • Structuring deferred compensation plans for key personnel that meet the Section 409A requirements to avoid the recognition of income.
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  • Addressing the special tax rules applicable to partnerships and S corporations, such as maximizing basis for loss purposes or minimizing the built-in gains tax.
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  • Planning for the death of an owner and the successful transition of ownership to the next generation.
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  • Minimizing taxes on the sale or liquidation of the business.
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  • Claiming any available tax credits and state/city incentives

Tax Strategies for Business Owners

 

Use the guides below to find perfectly legal tax deductions that you may be missing.

Tax Planning For Small Business Owners
7 Biggest Misconceptions Business Owners Have About Their Returns
Travel and Entertainment: Maximizing The Tax Benefits
7 Ways To Save Even More Income Taxes
The Home Office Deduction
How To Make Money on Vacation
Form of Business Organization: Which Should You Choose?
Retirement Plan Options For Small Businesses
The "SIMPLE" Plan: A Retirement Plan for the Small Businesses

 

Give us a call TODAY 800-829-7483 to find out if you are OVER PAYING on your taxes.  We can provide you a confidential tax review. 

Phoenix Best Tax Preparation and Filing Award

 

 

 

 

 

We Offer Financing for Multi-Year Tax Prep Catchup Projects

 

Track Your Refund

 
Track Federal Refund Check Federal Amended Return Refund

Check your State Refund

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