Business Tax Planning

“An experienced tax professional will help you understand the tax implications of operating decisions and their potential impact on your company“

Tax planning in the business environment is exponentially more complicated than individual tax planning because of all the factors that impact a company’s business operations, which includes working capital needs, expansion plans, capital purchases, and employee retention and development. For example, where capital is a major income producing factor in a business, it may be possible to elect under Section 179 to expense purchased equipment to free up tax dollars that can then be used to continue to expand business operations. But is this the best choice for a company that financed the equipment purchase with a long-term loan?  An experienced tax professional will help you understand the tax implications of operating decisions and their potential impact on your company. 

Sometimes a tax professional can help you correct issues arising in the business setting because the planning can be done retrospectively as in the example above relating to making the election to expense equipment or depreciate it over its useful life. Often, though, operating decisions can have a negative impact on a company because they cannot be unwound on the backend, so we highly recommend that you seek the advice of an experience and seasoned tax professional in advance of major business decisions. 

Here is what you can expect when you engage us to assist you with your business tax planning . . .

• We will gain an understanding of your business model and they ways in which you use human and financial capital;
• We will help you evaluate the tax benefits and detriments of your short-term and long-term strategic plans; and
• We will assist you with identifying opportunities to use the resources available to you to grow and expand your business.

For more information, please call us at (775) 828-5027 or send us an email.