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Business Tax Planning

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Steven E Miller, CPA PC

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Business Tax Planning


EMPLOYEE RENTENTION TAX CREDIT (ERTC) 

This was introduced with the CARES Act to incentivize employers to retain employees during the pandemic by offering a refundable tax credit against employment taxes. In March 2021, ERTC was expanded to apply to wages paid after June 30, 2021, and before January 1, 2022.

We will guide you through this process leveraging the expertise of a specialized ERTC third party.

They support employers by:

  • Identifying if they are an eligible employer

  • Review the PPP loan forgiveness application

  • Analyze 2020 and 2021 eligible quarters and qualified wages

  • Quantify estimated tax credit benefits

Review additional information here and reach out to faby@xbrsm.com


ENTITY SELECTION & STRUCTURE 

Selecting the wrong entity or missing key tax elections can be very expensive.


SECTION §199A STRATEGIES

To maximize the 20% QBID Deduction for S-Corp, Partnerships, Trusts & Sole Proprietorships. §199A planning has multi-levels of complexity.


RETIREMENT PLAN OPTIMIZATION

Find the right retirement plan contribution offers enhanced savings combined with §199A deductions.


S-CORP REASONABLE COMPENSATION REVIEW

Maximize payroll tax savings while limiting IRS audit exposure.


PAYROLL ADVISORY STRATEGY and PLANNING


TAX CREDITS 

Research the possible tax credit you can take advantage of


DEPRECIATION PLANNING 

Fast write offs may not be beneficial. Depreciation can be counter intuitive when considering other factors such as §199A deduction.


FRINGE and EMPLOYEE BENEFITS ANALYSIS

Maximize your benefits to enhance your ability to acquire and retain key personnel.


BUYING  or SELLING a BUSINESS or FRANCHISE

Guide you through the important aspects to consider before you sign on the dotted line. From preparation to presentation of your business, we'll help you with the most efficient tax strategy.


ADDITION OR BUYING OUT PARTNERS OR SHAREHOLDERS


LIKE-KIND EXCHANGES OF REAL ESTATE 

For sale of real estate for maximum tax deferral.


INVESTMENT PARTNERSHIPS

Meet your specific goals and objectives including Family Limited Partnerships.

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Get in touch with Steven E Miller, CPA PC

15150 Preston Rd. Suite 210 , Dallas, TX 75248
Call Us: (214) 361-1131 • Fax: (214) 253-2138