Reducing a company’s annual tax liability is at the top of most owners and executives list. After all, the additional capital can be used to purchase/lease new equipment, upgrade systems, enhance productivity, hire new employees, or fund the employer sponsor retirement plan. While the benefits are obvious, comprehensive planning is necessary to optimize taxes. Businesses need to consider the timing of income and expenses, maximize deductions and credits (i.e. R&D tax credit), review entity structure and compensation, and analyze savings through retirement/employee benefit programs. All of these considerations are made against the backdrop of new federal and state legislative changes which may expand or accelerate saving opportunities. In other words, the planning process is comprehensive and requires the assistance of a qualified tax advisor.
KatzAbosch has worked with dozens of companies to help translate complex tax code and legislative updates in tangible tax savings year after year. Our tax team members have years of experience working with business owners to understand long-term objectives and crafting a tax savings plan that yields the greatest savings. This approach creates a comprehensive plan which can be adjusted to changing business conditions and needs. Whatever the tax issue, the team at KatzAbosch stands ready to assist.
Business Tax Services
We work with businesses to develop tax strategies that support growth, compliance, and profitability. Our services include:
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Looking for a fresh set of eyes to determine if your business is maximizing tax saving opportunities? Let’s get started on reducing your taxes. Contact us today to get started.
