To stop overpaying in taxes, you need pro-active tax reduction planning.
Not only do you need a strategist to identify opportunities & create the tax plan, but you’ll want someone in tune with your business, taxes and operations to help you implement the tax reduction plan.
One of the misconceptions about tax reduction planning is that only large businesses can save large amounts in taxes, but that’s just not true.
If you make $60,000 in net profits there could be $3k to $5k in ANNUAL savings if you maximize some strategies.
Businesses that make $150k to $500k have significantly higher amounts of taxes we can pro-actively reduce and also help them build generational wealth.
Don’t Wait Another Year & Overpay More Taxes.
If you connect with a tax strategist before the end of the year, you can actually make changes to your tax bill.
When you wait until after year end to consider investments, purchases or income shifting, it’s already too late.
Here at Stance Tax and Accounting, a major focus is to help business owners lower their taxes and ensure they pay only what is legally necessary.
Remember, your taxes are a bottom line expenditure, which means they eat into your hard-earned profits, not just your revenues.
When you pay $10,000 in taxes, that represents a small percentage of your overall revenue.
If you ran a 15% net profit, that $10,000 in taxes represents over $65,000 in revenues.
$10k in taxes = $65k in revenue at 15% net profit.
At 6% net profit, that $10,000 in taxes represents over $166,000 in revenue!
What You Don’t Know about Reducing Taxes
We know all the secrets, principles and long term strategies to reduce the amount of taxes you owe.
In order to utilize these strategies, you’ll want someone to come alongside, engage with your bookkeeping and financials, and actually implement them for you.
It’s one thing to learn about strategies, and another to apply them to your own situation and then really implement them.