Every business must account for its income and pay the relevant state and federal taxes. However, there are many factors that affect the amount of tax a business has to pay. Effective tax planning can help minimize your company’s tax liabilities. Submitting the right documentation at the right time will avoid costly penalties or late fees. Rather than take chances with your taxes, place this vital area of your business with Gurian CPA. The highly-trained tax specialists employed by our accountancy firm can help you to develop tax strategies that will benefit your business.
The amount of tax that your business needs to pay is correlated with the decisions and actions that you take during the year. If you wait until the end of the year to consult a CPA, it is too late to amend any decisions or actions that have already been taken. By that stage, you are locked in to a set of numbers that need to be declared to the relevant authorities.
Rather than simply completing documentation at the end of the year, the CPAs at Gurian CPA will work with you to minimize your tax liabilities through effective tax planning. By helping you to develop your tax strategy in advance, we will ensure that you take the steps required to keep more money in your business. This will enhance its profitability by reducing outlays.
By working alongside you during the year, we can help to identify opportunities for reducing tax payments. There are many ways that this can be achieved. You may be able to take advantage of tax efficient savings accounts, deferral of income, and other tax reduction strategies. We can also help to prevent misunderstandings, mistakes, or missed deadlines that could increase your tax liability.
At Gurian CPA, we believe that open communication is vital for effective tax planning. We develop strong relationships with our clients that encourage openness and transparency. This allows us to provide the best possible advice, tailored to our clients’ individual circumstances.
When the tax year end arrives, we like to think that there are no surprises for us or our clients. Because of our partnership approach, we ensure that we understand their businesses and can complete the required tax documentation on their behalf.
We have a thorough knowledge of current technology. This allows our clients to file their tax returns electronically. Electronic filing speeds up the process and ensures that any refunds are issued as soon as possible.
If difficulties arise with your tax payments and you’re facing a tax problem, it is essential to take advice immediately. Dealing with the IRS without professional representation can be daunting and can lead to further fines or penalties if you say or do the wrong thing. Our firm has extensive experience of negotiating with the IRS on behalf of our clients.