TAX PLANNING & PREPARATION IN MARKETINGCITY
Tax Planning and Preparation
Have you considered paying yourself more out of your business? In some cases it might make more sense to pay yourself less — and bring home more at the same time.
If you’re not clear on how you could accomplish that, then reading this page right now could be very important.
We have other blog posts and pages about entity structure, but that’s just one aspect of a proper plan for growing the tax-profitability of your business.
When we meet with a business owner, we often wear many hats — CFO, Marketing Advisor, COO — truly whatever fits the needs of our small business owner client most precisely. Business owners can make rash decisions in times of perceived crisis (like during “tax season”), and they often have unforeseen complications down the road.
Which is why it’s critical that we take a look at how things are set up for you and your business before the tax preparation process. When we take the time together to look clear-eyed at your accounting reports and plan ahead for the most tax-efficient outcome, you can have the confidence that you are building in a financially smart way.
And every time new tax code legislation comes through, it opens up new opportunities for businesses to save on their bottom line.
Frankly, we’d like to avoid all of the unnecessary expenses and taxes which so many businesses end up paying, simply because they didn’t plan ahead of time. But we won’t know what the best setup for your business would be until we talk.
Consider these questions …
- Am I proactively planning to deal with tax law changes?
- Have I determined my financial goals — and how taxes will affect them?
- Will I maximize my tax-free earnings in retirement (and before retirement)?
- Do I have an exit plan for my business — and is it written down?
Again, all of these issues always seem “procrastinate-able” on the front end … but if you don’t have a good answer to more than a couple of the above questions, you might be cruising for a financial bruising.
Tax planning questions we get asked most
Do you work with businesses outside MARKETINGCITY?
Yes. Most of our work happens by video call and secure document upload, so location is rarely a constraint.
What do you need from me to get started?
Last year’s return, your current bookkeeping file or bank statements, and 45 minutes on a call.
How is tax planning different from tax preparation?
Preparation reports what already happened. Planning changes what happens next — entity structure, timing, retirement vehicles and owner compensation.
What does it cost?
It depends on entity type and complexity, so we quote after the first call. There is no charge for that call.
Ready to schedule an appointment?
Click below to pick a time to meet with us.