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Tax Strategy

Year End Planning is a lot more than simple deductions.

By Business, Tax Deductions, Tax Strategy No Comments

Why would you want to think about tax strategies when the years almost over?   Year end planning is too often a missed opportunity to further improve your current tax situation and plan for maximized tax savings next year. That’s a lot of value for just one meeting with your accountant.   Most of our clients think tax strategy boils down to deductions. That makes…

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How Corporations Reduce Small Business Taxes

By Business, Tax Strategy, Taxes No Comments

The proper business entity will save you tons on taxes.   Let’s start with why. Why would corporations and LLCs be good for small business taxes? It’s quite simple. If you don’t have any business structure whatsoever, then you are very likely operating a business illegally AND missing out on huge money saving opportunities. (We also have this brief video summarizing why they are important.)…

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How to Resolve Tax Debt with the IRS

By IRS, Tax Strategy, Taxes No Comments

My wish for the world would be to pay the least amount as possible for taxes, always on time, and not have any debt whatsoever. However, reality looks a little different. One thing we’ve learned from this pandemic is circumstances can change in an instant. Entire industries can be shut down at the snap of a finger. Revenue can get chopped by over half overnight….

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