Architects, Attorneys, Consultants, Engineers and Information Technology.
Most of these very busy entrepreneurs are wonderfully gifted in their specialty. Unfortunately they may forget to take care of themselves with the same care that they give their clients.
Have you set up a retirement plan? A retirement plan can reduce current taxable income while providing a nest egg.
Do you keep track of your business mileage? For 2022 you can take a deduction for 58.5 cents per business mile driven.
When was the last time that you reviewed your business structure? If federal income tax rates continue upwards, as indicated, it may be worth looking at the personal service corporation (PSC). PSCs currently pay a flat 35% federal tax on income.
Keep good records, not only for tax reporting but for the success of your business.
Don’t underpay your taxes. Interest and penalties can be assessed if you owe more than $1,000 when you file your Federal or State returns. Estimated due dates are: April 15, June 15, September 15 and January 15 of the following year.
We can provide (depending on your needs):
- Accounting and outsourced financial management
- IRS problem resolution
- QuickBooks Accounting Support & Training
- Reviews & Compilations
- Staff Training
- Tax Services
- Sales & Use Taxes
- Temporary Living Expenses
We have years of experience in working with Professionals. Put our expertise to work for you by contacting us today.