Tax Planning & Preparation

Business Tax Planning

As a business owner, you have the opportunity to amass capital and take advantage of some tax benefits not available to wage-earning employees.

Thus, you can build financial freedom. Take advantage of all the legal tax benefits of business ownership to minimize your taxes. You can’t do this by talking to a tax preparer once a year. You need to develop that year-round relationship with a qualified accountant.

I have written an article, available electronically, with a list of 15 tax planning strategies for business owners to consider. If you’d like to take a look at it, feel free to contact us or call us at 910-256-3456.

For all tax planning engagements, we will offer you an initial question-and-consultation session. Afterwards, we will summarize the potential tax savings for you. If the potential appeals to you, then we can move forward with a planning engagement and discuss the details of turning

Business Tax Preparation

Some people attempt to prepare their individual income tax returns by themselves. For the simplest of individual situations, that makes sense.

However, business tax returns are a completely different matter. Sole proprietorships and single-member LLCs may still report on schedule C of the Form 1040, but there are lots of opportunities to make mistakes and to miss perfectly legitimate deductions. One mistake or missed deduction can cost you much more than what you saved by not using a qualified accountant and tax advisor.

If your business is organized as a multi-member LLC, partnership, corporation, or S corporation, different tax forms are used. These are more complicated and less straightforward than the individual income tax forms. It takes experience, skill, and continuing education to minimize your taxes. Adam Shay CPA, PLLC can help. We stand behind all our work.

For more information on our business tax preparation services, contact us or call us at 910-256-3456.

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