Uncomplicate Business Taxes
In business, taxes are often the most stressful financial responsibility. Wouldn’t it be great to have an idea of where you stand with taxes throughout the year with few surprises at tax-time? Ken McKinney, a Certified Public Accountant in Florissant, Missouri, specializes in tax preparation for businesses. With more than 30 years of tax and operational business experience, Ken can help ease your fear of the unknown when it comes to business tax planning and preparation.
Tax Planning & Preparation
Tax laws are constantly changing. Keeping up with those changes is nearly impossible unless you hire a certified public accountant like Ken–it’s his business to know the intricacies of those changing laws and provide expert council. Tax Planning is the key to keeping up and having a straight-forward, no-surprises tax preparation.
Small businesses often have the hardest time estimating and knowing what their tax rights are unless they have a strategic plan. A one-person business may combine an individual tax situation with the business tax situation, or there may two or three shareholders or partners with varying tax situations–the scenarios are endless, but regardless of how simple or complex your tax situation is, a tax plan is essential.
No matter if you’re a large or small business, you will benefit from analyzing your financial situation then following a tax strategy to minimize taxes and increase your bottom line.
Business Tax Strategy
- Reduce your amount of taxable income and claim all deductions:
- Maximize entertainment expenses
- Explore auto deductions
- Utilize the advantage of work-from-home benefits
- Maximize equipment, land, asset deductions
- Keep track of inventory costs
- Donations and non-profit deductions
- Evaluate retirement plan options (401K, SEP, SIMPLE, defined benefit)
- Employee benefits, taxes and deductions
- Lower your tax rate
- Control when taxes are paid
- Limit effects of capitalization of repairs and maintenance expenses
- Avoid common, pricey tax planning mistakes
- File for extension as needed
- Chart new tax laws and changes
In order to plan with accuracy, Ken will help you estimate your personal and business income for the next few years. With his help, you can eliminate the guess work and ease the burden of crunching numbers on your own, as well as avoid large errors that can bring that tax-time stress flooding back. Once you determine together what your approximate income will be, estimating your tax bracket and finalizing your tax preparation for the year suddenly becomes easier.
If you’re tired of sorting through the tangled tax system on your own or feel like your current situation can use a fresh outlook, contact Ken today. If you’re a new client, Ken cares about helping your business succeed that’s why he’s offering a valuable free financial consultation. It’s never too early to prepare for future stability. 314-249-8587