Being self-employed is empowering, but with great power comes great responsibility. Especially when tax season comes along – because neglecting your taxes could cost your small business thousands. After all, you’re entirely responsible for addressing and paying your taxes; there are no more W-2s that do the work for you.
After all, you’ll have to pay self-employment taxes that support Medicare and Social Security programs rather than just paying income taxes. But it’s not just about neglecting your taxes; it’s also about shedding light on opportunities that can save your company a fortune. This all comes from structuring your business for success.
How much your business tends to save on taxes ultimately depends on how it’s structured. Some entity structures are simply better for certain businesses because of factors like size and industry, but it’s a bit more complicated than that.
The truth is, the only way to truly optimize your tax deductions is by consulting with a professional who can see the big picture of your business. That way, you can legally save on your taxes without any of the associated headaches others get.
Our long line of award-winning services shows we put our clients’ goals above all else. We are committed to helping you be the best you can be before, during, and after tax season.
We’re a nationally-recognized, award-winning tax, accounting and small business services agency. Despite our size, our family-owned culture still adds the personal touch you’d come to expect.