Tax Planning for Small Business 

Though U.S. tax laws are complex and changing, there are tax planning strategies that can ensure that business owners don't pay more than is required or alternatively underpay and risk being audited. Grow! Inc. tax professionals can advise you on the best structure for a new business, sale of a business or ongoing operations so that you minimize your annual tax obligations by our reliable tax services.

 

CPA Tax Expertise 

Grow! Inc. utilizes highly experienced Certified Public Accountants to handle all tax planning and preparation, meaning your business will get the most thorough tax work available. 

 

Business tax planning requires knowledge not only of federal and state income tax, but also employment tax, sales and use tax, real estate tax, and franchise tax for some businesses.

 

Our professionals will work with you to ensure that no details are missed in tax deductions or credits. This is especially crucial for small business owners, who usually lack in-house financial experts. Some of the issues addressed by our professionals in tax planning services include:


  • Legal structure
  • Deductions for investments in equipment and other assets
  • Depreciation of assets and goodwill
  • Charitable contributions
  • Issues related to sales tax collection
  • Treatment of business loans
  • Home office expenses
  • Employee paycheck tax withholding
  • Capital gains
  • Timing of sale of business
  • Write-offs for travel expenses
  • Shifting deductions to a year to maximize the tax benefits
  • Retirement plan tax credits
  • Car leasing and/or ownership
Contact Grow! Inc. to learn how your business can benefit from our professional tax preparation services.