Tax Planning

Would You Like to Shrink Your Yearly Tax Burden?
Our Proprietary Plan Will Minimize Your IRS Liability.

Our tax professionals focus on mastering the nuances of tax law, complex tax codes and staying up-to-date on changes that will affect your tax returns throughout the year.

 

We do this because we know that planning is the key to valuable tax savings and we want to help you plan for greater income by implementing tax savings strategies throughout the year that will benefit you all year long.

 

Our clients pay the least amount of taxes allowable by law because we help them look for ways to minimize their tax burden.
Analyze Hundreds of Tax Planning Strategy Combinations and Finalize a Plan for Your Client

Let us help you with your tax planning, too!

Our proprietary tax planning software analyzes your tax returns and questionnaire data to automatically recommend proactive strategies. This includes calculations, descriptions, code references and the ability to add new custom strategies and combinations yourself within our accounting firm software.

Below are some of the strategies we analyze:

 

  • Entity Evaluation (Schedule C vs LLC vs Sub S vs C Corp)
  • Multi-Year Comparisons
  • Multi-Entity Comparisons
  • Deductions
  • Phaseouts
  • Credits
  • Individuals
  • Sole Proprietorships (Sched C)
  • Partnerships
  • Corporations
  • Override Deductions
  • Net Investment Income Tax
  • Transparent Calculations
  • Marginal & Effective Tax Rate
  • Custom Strategies
  • Current law vs. Biden’s tax proposals

We generate a Professional Tax Plan for you that compiles your customized tax planning strategy and recommendations into a report that contains the following:

 

  • Cover page
  • Table of contents
  • Customizable strategy letter
  • Prior year estimated overpayment (optional)
  • Current year estimated savings
  • Future year estimated savings under current law and any new laws
  • Detailed list of strategies with supporting documents
  • Estimated savings per strategy

Let Us Help:

Navigating Bank Failures in Your Kearney Business Right Now

Memorial Day is next week. The unofficial start of summer.I like to remember that when things are unpredictable and even a bit hairy (like a shifty economy, bank failures, debt ceiling crisis), normal life still goes on. People will still prep their grills....

How the Bank Crisis Affects Kearney Business Owners

Now, I know that I recently started talking about the new FinCEN reporting requirement and promised a part two… which I’ll absolutely get to in an upcoming blog.But this time I wanted to take the opportunity to speak about the banking “crisis” that has a lot of...

New FinCEN Reporting Requirement for Kearney Businesses

We’ve been watching the unfolding banking “crisis” closely and evaluating what it means for our economy moving forward. Yes, seeing (numerous) banks fail can be unnerving, especially when the economy seems to also be careening toward a recession. The media,...

Unick’s Best Practices for Terminating an Employee

We’ve all got a bit of FOMO about FOMC’s (Federal Open Market Committee’s) big meeting this week, waiting to see if yet another interest rate hike will be coming. Most indicators say likely.Since March 2022, there have been NINE such increases to interest rates...

Keeping Tax Records: Kearney Small Biz Edition

If you’re doing the books, juggling the hiring, navigating supply problems, delivering work to clients, and thinking about big-picture items for the year … you might be a small business owner.If you’ve got a lot on your mind and more gets added daily? You might be a...

Leadership Development in Your Kearney Business

 Unless you’ve been living in a cave like this woman, you know that business ownership is a tough gig right now — it’s nearly an Olympic sport to keep things running and moving ahead. But, despite all that, being a business owner is also pretty great....

Prioritizing Employee Wellness in Your Kearney Business

It’s a bit of a dog-eat-dog world for businesses these days. (Feel that sentiment in your bones?)Inflation is pervasive. Supply chain issues still have you jumping through hoops to get products. The hunt continues for good help… proving the adage. Covid-era debts now...

Making a Plan to Reskill and Upskill Your Staff

Well, here we are — just like that, we find ourselves already a quarter of the way through 2023. While people all across Kearney are breaking out the deep cleaning sprays and scrub brushes to get a little springtime sparkle, you might want to be thinking about a...

What Kearney Employers Should Know About Employee Satisfaction

It happened: Silicon Valley Bank sold. Well, at least part of it. The bank’s deposits, loans, and 17 branches — scheduled to reopen today — were snagged by First Citizens BancShares, a Raleigh-based bank. (About $90 billion of assets still remain with the Federal...

The Why & How of Business Referrals for Kearney Owners

Firstly, before I jump into what business referrals could mean for your Kearney business, I wanted you to see this.You may have already heard me talk about this … but the explosion of shady flim-flammers gaming the Employee Retention Credit and making...

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

Contact Us