Proper tax planning is crucial for businesses. At least 30 of the most profitable companies in the U.S. paid no federal income taxes in 2018. In many cases, the companies also received tax rebates that could be used to reduce their tax burdens in other years.
On the other hand, small business owners, sole proprietors, and independent contractors are overpaying the IRS by failing to take advantage of the legal tax reduction strategies available to them.
If you’re new to tax planning or aren’t 100% sure what tax planning is, you’re in luck. Attorney Patrick J. Best, one of the areas foremost tax planning attorneys, is offering a free copy of his book “Pay Less to the IRS: The Small Business Owner’s Guide to Tax Planning” to anyone who requests it!
How does tax planning help small business owners pay less to the IRS?
The current IRS tax code has literally dozens of juicy deductions built into it that only small business owners can take. These deductions can add up to savings of many thousands of dollars in tax payments!
However, there’s a problem….
The IRS doesn’t automatically take those deductions for you — or apply them to your tax return if you forget to claim them. You have to know what deductions are available … the latest updates and changes to the tax codes, particularly in light of tax reform … and how to apply them to your particular situation.
My CPA has me covered, right?
Most small business owners believe their CPA has been taking these deductions for them. In many (or most) cases, that isn’t correct. Your accountant is busy 50 to 60 hours a week (more during tax season) preparing client tax returns, offering payroll and bookeeping services, and many other things. The only tax education most practicing CPAs get is the occasional tax seminar they attend, maybe one or two during the year.
At ARM Lawyers, we spend our time advising clients how to reduce their tax burden. We stay up to date on the day to day changes in the tax laws so we can properly advise you on how to save as much of your hard-earned money as possible.
How much money can I save?
Failing to take all the deductions you are entitled to could cost you thousands of dollars in tax payments to the IRS that you aren’t really required to make. We can ordinarily save business owners thousands (or tens of thousands) by making small changes in their accounting. That’s what we see every single day.
But how much does tax planning cost?
The initial assessment is absolutely free. After this assessment, we can provide an initial projection as to the amount of money you can save. Our fee is always less than the amount you save so you ALWAYS come out ahead. It’s almost as if the IRS is paying for your tax plan!
Is it worth a few minutes of your time to obtain your FREE tax assessment?
What does a tax plan provide?
We provide a comprehensive tax plan designed specifically for your business to meet your goals. We work with you to provide the tax deductions and loopholes best suited for your specific situation and your specific industry. For example, we provide:
- Allowable business deductions tailored to your industry which most CPAs miss
- The optimal legal entity for your business to reduce your tax burden
- Multiple tax strategies only business owners can use
- Detailed documentation supporting our strategies
- Wealth protection strategies
- Tax free income strategies
You may just find out you’ve been overpaying the IRS tens of thousands of dollars for YEARS.
Ready to learn more? Call 570-216-8151 to schedule your free tax assessment.