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TAX PLANNING SERVICES

Make Sure You Aren’t Overpaying.

When growing your business, having an appointed tax expert significantly increases your chances of saving come tax season. The more complex your entity, the more skilled your tax preparer must be. Our team remains the most

When growing your business, having an appointed tax expert significantly increases your chances of saving come tax season. The more complex your entity, the more skilled your tax preparer must be. Our team remains the most

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TAX TIPS

Tips for your business needs
Reform

2018 is one of the largest tax reforms in American history. Majority of filers will now pay a lower marginal tax rate on their highest dollars of income. Low earners are anticipated to be the only filers who won’t benefit from these new brackets, whose tax rate will continue to be at 10%.

Startups

The IRS permits for small businesses to deduct $5,000 in business startup costs and $5,000 in organizational costs. This applies to businesses that estimate $50,000 or less in startup costs.

Joint Filters

The standard deduction is jumping from $6,350 to $12,000 for single tax filers and from $12,700 to $24,000 for joint filers. In either scenario, that’s more than enough to make up for the loss of the personal exemption.

Pass Through Entity

The 20% deduction is the star of the show for small business. If you own a pass-through entity such as S Corp, LLC, LLP or Sole Proprietor you can deduct 20% of your gross income straight off the top.

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