Small Business Tax Services
Business Tax Strategies That Will Save You
At Stander & Company, we have a certified CPA handling tax preparation. We focus on reducing the tax burden for our business and individual tax preparation clients.
We understand that how you choose to pay taxes can be part of a bigger financial strategy. That is why we look at your entire financial situation and make suggestions based on your short-term and long-term goals. We want to save you money now. We also want to protect your financial health in the future.
To do that, we consult with you to make choices that can impact your taxes for years to come. We may also suggest reviewing taxes from previous years and, when applicable, suggest filing amended returns to help align your taxes with your overall financial strategy.
It may seem like a lot, especially if you have been handling your own taxes or getting tax preparation help from one of the seasonal tax prep pop up sites.
It is. At Stander & Company, we believe that if something is worth doing, it is worth doing right. If we see an opportunity to help you choose a better tax strategy for yourself or your company, we are going to suggest it.
If you want to position yourself for growth, you need a tax strategy.
Many people think of tax strategies as something for businesses. However, individuals who want to grow their wealth need tax strategies as well.
Are you planning any major purchases that have attached rebates? Electric cars, plug-in hybrid vehicles, and solar panels for your roof are just three examples of purchases that can come with significant financial rebates. They can decrease your tax burden this year and can carry forward. Knowing about that impact can help you time your purchases to get the maximum benefit.
Do you plan on leaving money to children or grandchildren when you die? Tax laws not only determine how large an estate must be before paying inheritance taxes, but also whether monetary gifts during your lifetime count as part of your estate.
For business owners, deciding how to take deductions and count depreciation do not only impact this year’s tax burden, but also how you can characterize the same property in subsequent tax years.
Does this sound complicated? A qualified tax professional can simplify it for you and help you make decisions designed to decrease your overall tax burden.
What Is a CPA?
A CPA is a Certified Public Accountant. To become a CPA, the accountant must meet state licensing requirements, have 150 hours of college coursework, pass the CPA exam, and keep up with continuing education requirements.
While CPAs perform many of the same functions as accountants, CPAs are more than accountants. CPAs are accounting professionals with a fiduciary duty to their clients. A fiduciary duty imposes an extra level of responsibility on CPAs to act in their clients’ best interests. CPAs can represent their clients in front of the IRS, while non-CPA accountants and tax preparers cannot.
Who Is Stander & Company?
Stander & Company takes a unique approach to financial guidance. We offer a range of services designed to help our clients protect, manage, and grow their wealth.
We handle taxes through an alliance with Nicholas T. Stander, CPA, PLLC. Nicholas brings his expertise to your taxes, and can work closely with other members of our team if you want to focus on other areas of financial growth.
Working with a CPA for tax preparation and financial planning has become the benchmark for wealth management. CPAs are trained to look forward instead of simply focusing on your current tax obligations. Nicholas can help you make tax decisions that are right for you today and will be right for you in the future.
What Are You Doing to Grow Your Wealth?
If your answer is nothing, it is the wrong answer. If you are not taking steps to actively grow your wealth, then you are missing opportunities.
Many people are intimidated by the word wealth. They associate wealth with rich people. However, wealth refers to the value of all of the property and possessions that you have. Even people of modest means have wealth.
If you want to save for retirement, pay for college for your children, or buy that dream purchase, then you need to be engaging in active wealth management. Your tax strategy is an integral part of how you manage your wealth.
Your Tax Strategy Reflects Individual Priorities
Many people take an old-school approach to financial planning. They outline their life goals and determine what they need to do to meet those goals and leave money behind when they die.
However, with people living longer and longer lives, the inheritance model may not be the best way to transmit wealth between generations. If your financial strategy involves gifting substantial sums of money during your lifetime, you want to make sure to do so in a way that creates the lowest tax burden possible.
Charitable donations can also be an important part of your tax strategy. If you are the type of person who wants to give, these donations can be done in a way that reduces personal or business tax obligations. It is not greedy to consider the tax implications before you make a charitable donation. The more money you save now, the greater your ability to continue to support the causes you love.
How Can Stander & Company Help with Individual Tax Preparation?
We offer a range of individual tax prep services. We can handle standalone tax prep or prepare your taxes as part of a more comprehensive approach to tax management.
Some of the things we routinely do for clients include:
- Preparing federal and state tax forms
- Finding ways to minimize your tax liabilities
- Looking for all available deductions and making the right choice between standard and itemized deductions
- Prepare estimated payments for future tax liabilities
- Respond to IRS notices
- Represent you in front of the IRS
Of course, every person’s financial situation is unique. We are prepared to handle any tax issues you may have.
How Can Stander & Company Help with Business Tax Preparation?
Business taxes are even more challenging than personal taxes. Different types of businesses have specific tax filing requirements. We handle the taxes for all business structures. Examples include S-corporations, C-corporations, LLCs, partnerships, sole proprietors, and exempt organizations.
Businesses may have state, local, and federal tax obligations. We can prepare federal and state tax forms. We can also help ensure your business complies with applicable tax laws.
Proper tax preparation is necessary for your business. It can help you manage your cash flow. By preparing reasonable estimates for future tax liabilities, we maximize your ready cash. We also minimize your chance of paying penalties.
While complicated, business taxes provide many savings opportunities. We look to minimize your tax liabilities. We also look to maximize your small business deduction.
Business taxes rarely look at a single year. Instead, they compare current potential tax savings with future savings. Making one choice can force you to make the same choice in later years. We explain the pros and cons of each option. The goal is to maximize your qualified business income deduction.
Finally, we are there if you get an IRS notice. Dealing with the IRS can be intimidating and you may not know how to respond. We work with you to respond to IRS notices, and can represent you with the IRS if you get audited.
Is Stander & Company Right for You?
Sometimes potential customers laugh because we are not trying to convince people to use us. We have no interest in preparing your taxes for you a single time. That is not our niche.
We are all about building relationships and building wealth for both businesses and individuals. We intentionally structure our tax preparation services in a way that can easily integrate with other financial advising.
We are an ideal choice for small businesses where business and personal tax issues may be intertwined. An individual tax decision can impact business taxes. Business tax decisions often change your personal taxes. We help you make informed choices about both kinds of taxes.
If you like the idea of our approach, contact us to schedule a consultation.
