Keep your business ready for tax time year round with proactive tax planning and stress-free preparation and compliance.
Your business success depends on how well you’re able to plan for taxes. Tax planning goes beyond tax compliance and involves proactively recommending strategies that will minimize after-tax income.
For instance, tax planning strategies can help you defer some of your current year’s tax liability to a future one, thereby freeing up cash for investment or personal use. This is accomplished by timing when certain expenses are paid and controlling how income gets recognized. It also allows you to take advantage of various tax brackets at various stages of your business and life.
Planning strategies may include, but are not limited to, the following:
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