Tax planning can range from the very details of a single customer purchase that is done every day your business operates to big ideas about business entity structure, mergers & acquisitions, and state tax nexus.

Micro Tax Planning
Business owners often act without considering the tax implications of their actions, making many transactions less tax-efficient than they could be. Often, there are ways to do things that achieve the same business goal but are simply more tax favorable. This is why discussing a business’s everyday transactions and arrangements may yield long-term, favorable results that will increase a business’s cash flow every year. There are often very minor details of tax rules that may help a business be more tax efficient in its regular course of business.

Remember, by making things more tax-efficient, a business may keep more of its hard-earned money.

Looking at a business’s frequent transactions may demonstrate the level of detail we can provide for our clients, but our professionals can do high-level planning by addressing very large transactions or the business structure.

Macro Tax Planning
Business structure may be a combination of LLCs, C Corporations, S Corporations, or other entity types, the structure and interaction of which may yield business or tax benefits. Many CPAs will have a one-solution-fits-every-company solution to entity selection, such as “have an S Corporation,” but a business should be structured in a way that best fits the owner’s intentions and the owner’s typical interactions with the business.

Macro tax planning can also include long-term strategies such as how to exit the business in a tax-favorable manner and how to acquire another company tax-free while increasing your deductions in the future.

Considering taxes may help you keep up to 45% of your profits, and meeting with one of our professionals to discuss your business can help you achieve these results. Tax planning is easy, requires very little of your time, and can lead your business to significant savings.

 

If you’re ready to plan for superior tax results and to minimize your long-term tax liability, please call 651-689-4789.

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