Tax Planning and Projections

You could be right, especially if you own a small business, corporation, S-corporation, LLC, LLP, or partnership and depend on tax software to do your taxes.

Tax software might have worked just fine when you were starting out as a sole proprietor with an uncomplicated personal tax return, but now you’re a successful business owner with employees and payroll taxes to worry about. Maybe you’ve even bought your building or invested in new equipment.

Not only did your financial situation change, but it’s also more than likely that the tax code did too.

And now you’re left wondering why your tax bill is so high when you’re making more money than ever.

The good news is that it doesn’t have to be.

Whether it’s end of year tax legislation or recently issued IRS rules, knowing what credits and deductions are available for your business means keeping up with current tax law. It also means planning ahead for your future tax situation.

Nune Katchatrian, CPA, owner of Town CPA in Belmont works with businesses like yours throughout the year. As a Certified Public Accountant licensed in Massachusetts and New Hampshire, she knows that tax planning strategies save your business money–whether that business is an LLC, LLP, corporation, S-corporation, or partnership located in Belmont, Newton, Needham, Lexington, Watertown, Winchester, Waltham or elsewhere in Greater Boston.

Tax planning strategies save your business money.

Solid tax planning strategies that include maximizing deductions and taking advantage of available tax credits are the number one method of protecting your assets, maximizing their value, and minimizing your tax burden.

But whether the IRS or state accepts your credits and deductions often depends on good recordkeeping. Without it, you may have to pay stiff penalties and fines.

At Town CPA, we help you set up a record keeping system that works for you and meets IRS requirements. Not only that, having a good recordkeeping system in place also means having a better understanding of your financials, including cash flow and cost projections.

Maybe you’ve been using an accounting firm to take care of your taxes all along. If so, you’re probably keeping more of your hard-earned money. Even if you think your current accountant is doing a good job, maybe you feel like he doesn’t really understand your business or isn’t responsive enough to your concerns. Maybe it’s time to make the switch to another tax professional.

Town CPA is your partner in success.

Your job is to make money and do what you do best—run your business.

Our job is to find legitimate ways to save you money using solid tax planning strategies that lower your taxes whether it’s maximizing deductions or taking advantage of federal and state tax credits.

Call Town CPA at 617-484-1838 and get started lowering your tax bill today.