The best tax savings for a business usually come from planning during the year, not scrambling after it ends. These are common areas we review with business clients.
Entity choice and owner compensation
Whether your structure still fits, and setting reasonable salary and distributions.
Deductible expenses
Vehicles, travel, meals, home office and other costs — and the records you need to support them.
Equipment and property purchases
Depreciation choices and the timing of large purchases.
Retirement plans for owners and staff
Plans that let you save for retirement while reducing taxable income.
Hiring family members
When paying a spouse or child can make sense, and how to do it properly.
Estimated taxes
Staying current through the year to avoid penalties.
Credits
Business credits you may qualify for and what it takes to claim them.
Related services: Tax Preparation for Businesses, Tax Planning.
This page is general information, not tax, legal or investment advice for your specific situation.