Business Tax

Reducing a company’s annual tax liability is at the top of most owners’ and executives’ lists. After all, the additional capital can be used to purchase/lease new equipment, upgrade systems, enhance productivity, hire new employees, or fund the employer-sponsored 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 (e.g., the R&D tax credit), review their entity structure and compensation, and analyze savings through retirement and employee benefit programs. All of these considerations are made against the backdrop of new federal and state legislative changes which may expand or accelerate savings 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 into tangible tax savings year after year. Our tax team members have years of experience working with business owners to understand long-term objectives and to craft a tax-saving plan that yields the greatest savings. This approach creates a comprehensive plan that can be adjusted to changing business conditions and needs. Whatever the tax issue, the team at KatzAbosch stands ready to assist