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:
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
Research the possible tax credit you can take advantage of
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.
Meet your specific goals and objectives including Family Limited Partnerships.