By the time a tax return is due, there are very few options available to reduce your tax burden legally. This is why tax planning should happen throughout the year. Given the new tax law changes, it is even more critical to plan ahead, to reduce your tax burden under the law.
- For individuals, we can help you reduce your effective tax rate through better planning and by considering current and potential lifestyle changes. We work hard to ensure that you take advantage of legally available deductions and credits in your situation.
- For business, we can identify tax credits and deductions that might be available to the company to reduce effective tax rate under the law. We can also review your tax records to ensure that there is proper documentation to substantiate your company’s tax position. Good record keeping is the best defense in a tax audit.
- Beyond compliance services, we can assess your organization’s capital structure. An optimal capital structure could provide long-term benefits such as lowering effective tax rate and reducing financial risk for the same level of return.
testimonials
Shep
SK provided accounting services for our company. SK also filed our payroll taxes in a timely and professional manner. We are happy with the services provided.
Jane
While many firms can prepare tax returns, fewer can provide deep understanding of the tax law. Fewer can gain deep insights based on the information in a tax return.
SK is able to do multiyear comparisons, explaining past trends and present outcomes. Based on this information, I’m provided with a fact based strategy to legally reduce my future tax burden.
Laurette
I own business properties in multiple states. I therefore needed a firm with the expertise to prepare multistate tax returns. SK has provided the service for many years. SK is able to explain in a simple way, how my personal and business taxes relate. As a result, I’m able to plan to reduce my effective tax rate.