Friday, July 22, 2016

Prepping Your Business for Tax Season

Corporate Business Solutions provides tax planning services for businesses that are small to mid-size.  Our tax planning is based on current law and substantial authority and we refuse to utilize high-risk planning techniques. 

Before the development of a client’s strategic plan, an in-depth review of a client’s financial and tax situation is performed.  A highly qualified Project Manager and a Tax Associate team (the majority have a background in law) will conduct an onsite visit to assess your business goals and operating structure as well as examine revenue sources, current tax planning, prior years’ filings and communications from revenue agencies.

With the fall season approaching, it won’t be long until tax time is officially here. Rather than save all tax related responsibilities for December and January, we suggest getting organized now:

1. Spend money. Don’t shy away from spending money on your business to maximize deductions. From marketing tactics to incorporating new technology, you might as well buy it now if realistic.

2. Conquer organization.  By becoming organized now, you can avoid a hectic situation in the future. From gathering receipts to running reports, there are things you can do well in advance of the New Year. Once the holiday season hits, schedules seem to fill up and become more hectic.

3. Begin your deductions. Business entertainment, travel and home office expenses can be deducted on your taxes. Save receipts and know all of your options to maximize your tax deductions for your small business.

At Corporate Business Solutions, we also offer tax defense services to clients who need representation against taxing authorities such as the Internal Revenue Service and state taxing authorities. We can assist you to vanquish such issues as tax liens, delinquent payroll tax and interest and wage garnishment.  We offer numerous solutions such as offers in compromise, installment agreements, penalty abatement, payroll taxes, an innocent spouse solution, resolution to cases that have been labeled as ‘currently not collectible’ and appeals.


To learn more and / or to schedule your complimentary appointment with the tax experts at Corporate Business Solutions, call us at 877-357-9366.

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