Are you paying too much in taxes? Do you feel like your current accountant or CPA isn’t digging deep enough into the tax code to find creative ways to save on your taxes? If you do, you’re not alone! Many of our clients felt this way prior to working with us. Now, they’re saving an average of 41% on their tax bill!
At Polston Tax, we have an entire team dedicated to offering Advanced Tax Planning services for qualified business clients. Each plan is customized specifically for you to ensure your business is properly structured, that your spending to maximize tax deductions, and you’re saving as much money as possible! Stop paying too much in taxes. Call 844-841-9857 or click the Contact Us button below to schedule your free tax strategy session.
The reality is most small businesses owners pay more in taxes than they should be. Below are 3 ways you can tell if you are paying too much!:
- Your CPA never asks in depth details about your business: One way you can tell if you are paying too much in taxes is determining how well your CPA knows you and your business. There are many strategies for reducing your tax bill, but they require someone to know the ins and outs of your business in order for the strategies to be developed. They should know how your business is paid, what specific functions and services are involved, how involved you are in each facet of the business, etc. Chances are if your CPA doesn’t know every detail about your business, they are not looking at tax reduction strategies that can keep more money in your pocket!
- Your CPA doesn’t know your long-term goals for your business: If you’re CPA doesn’t know your long-term goals for your business then they could be missing out on proactive strategies to save you money in the long run. Proactive planning is key to ensuring you don’t pay too much if you go to sell your business or make a purchase of assets without proper guidance.
- You’re CPA never asks where you spend your money personally: The interesting thing about the tax code is the same expense, if structured differently, can be deductible in one instance and not deductible in another. Your CPA should know where you are spending your personal money so they can help develop strategic plans to help those expenses take a chunk out of your tax bill.
Sure, most CPAs use a handful of tax deductions. Some here. Some there. What we do is strategy. We plan ahead and save business owners major dollars off their tax bills.