Corporate and partnership consulting
and preparation is as unique as the owners themselves.
Tax Preparation and
Tax return preparation includes the federal return and state
returns as necessary. We offer a complete package starting with bookkeeping for the business with reports either monthly or
quarterly to the owners and the tax return preparation. This service allows you time to work on your business and less time
enter information into the books.
If it were only that easy to just prepare the returns and bookkeeping, life would be great. However, issues arise
that require additional consideration. you have to have a "Game Plan." Here are some options you should consider
adding to your line up.
Business Operations and Documentation
This is an often overlooked area in planning. Do you have lines of liability or personal guarantees? Are you maintaining
integrity? When was the last time your minutes were updated? Are you claiming all possible business expenses? How "audit
proof" are your records? It not enough to just run the business, it has to be efficient and documented to prevent problems.
Income shifting is allocating revenue to a person usually a
family member who could be in a lower tax bracket. Do you know the rules and pitfalls? Can I pay my children for services?
Can I gift ownership?
The dream of any business owner is to eventually retire. Are you going to retire on purpose? What are the options
for small business retirement? How can the company utilize an HSA account? Fringe benefits is were the business is good to
business changes from year to year. So why does your planning stay static? Have you thought about entity selection. Are you
positioned to take advantage of your structure or is it holding you back?
team can implement a strategy that reflects your unique business and goals.