Tax Preparation & Planning
​Our knowledgeable team can help you and your company plan for tax saving strategies including maximizing available tax credits, deductions and avoiding penalties. A Company structure that suits your goals and operations is critical to maximize tax savings.
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Our responsive and diligent team makes sure that your taxes are filed on time with a keen attention to details to ensure compliance with tax laws.
Tax Planning
Tax planning is the foundation of efficiently managing your tax liability. We take the initiative to recommend tax-saving strategies to maximize your after-tax income throughout the year, not just at the end of the year.
Some of the tax saving strategies we apply:
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1.Understanding Tax Obligations: Knowing the tax obligations at the federal, state, and local levels, including income taxes, property taxes, sales taxes, and other applicable taxes are crucial to plan for taxes.
2. Deductions and Corporate Structure: Implementing strategies to maximize deductions and right corporate structure to avoid double taxation:
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Business Deductions: Taking advantage of deductions for business expenses, including office supplies, travel, and employee benefits.
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Entity Structure: Choosing the appropriate business structure (e.g., sole proprietorship, partnership, LLC, corporation) to optimize tax treatment.
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3. Timing of Transactions: Planning the timing of transactions to optimize tax outcomes, such as accelerating or delaying income and expenses.
4. Tax Credits: Certain tax credits are available for certain businesses. R&D credits, Energy credits, Paid Medical Leaves Credits are a few commonly used and can help businesses tremendously increase their bottom lines.
5. Compliance and Documentation: Ensuring all tax filings are accurate and timely, and maintaining proper documentation to support deductions and credits claimed.
6. Review and Adjustments: Regularly reviewing and adjusting the tax plan in response to changes in tax laws, financial situations, and life events.
Through legitimate tax strategies, we help YOU, not the IRS.
Tax Preparation
Our responsive team can help filing all your tax obligations whether it be Federal filings or State filings. Timely filing your taxes help avoid penalties, build a repo with IRS and other taxation authorities and avoiding business hurdles and disruptions.
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Our robust workflows, keen attention to detail and pro-active team will help you stay on top of your taxes and compliances. IRS forms can be tedious and navigating through them is not an easy task and that is why you need a strong team of quarter backs in your corner.
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Our QC procedures require that each filing goes through layers of reviews to make sure all the t's are crossed and i's are dotted.