tax planning

Does your advisor come up with innovative ideas to save you money? Do they spend their time “filling in the boxes” or thinking outside the box?

If you really want to take advantage of every tax break the law allows, you must think OUTSIDE THE BOX!

It doesn’t matter how good your accountant is with a stack of receipts on April 15th. If you didn’t know what deductions, credits, and loopholes are available to you, you’ve lost those breaks forever! True tax planning gives you concepts and strategies you need to minimize your taxes. Certified Tax Coaches will give you a customized plan for your small business to maximize your savings.

True tax planning tells you what to do, when … Read more →

The partnership salary rule is already a head-scratcher. Once partners feel the full impact of the 2017 Tax Cut and Jobs Act in the spring of 2019, the rule will be confusing as well. The planning is quite complex, but the end payoff – a 20 percent deduction – is very had to pass up.

This provision is a new one, so there is very little guidance. It applies to most businesses except C Corporations which pays double taxes. Other business associations are pass-through entities which only pay a single level of income tax.

Step One: Organizational Qualifications

Section 199A’s intent is clear. The TCJA gives substantial breaks to many individuals, and the government does not want to exclude small … Read more →

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