Associates In Accounting, CPA, announces updates to its tax planning services for business owners in Louisville, KY, seeking to minimize taxes.
—
Associates In Accounting's updated services provide expertise in the analysis of business structure and identifying potential amendments that will reduce the tax liabilities of businesses and their owners. The experienced team of tax professionals also investigates missed deductions, compensation structures, and overarching tax minimization strategies.
More details can be found at https://associatesinaccountingcpa.com/
The firm addresses the concerns of many business owners who are reticent to engage with tax planning programs for fear of the cost or the time commitment involved. The Associates In Accounting website highlights how any initial investment is easily offset by medium- and long-term financial gains in terms of savings, compliance, and overall business efficiency.
In terms of business structures, the firm helps clients decide which type of entity is most suitable for their needs and goals. From sole proprietorships, limited liability companies, and partnerships to C, S, benefit, close, and nonprofit corporations, the team explains the pros and cons of each status to help companies find a structure that works best. There are also options to combine structures to maximize financial benefits.
The firm brings expertise in reducing tax liabilities and is currently building a database that will make potential reductions easier to identify, covering everything from offsetting equipment purchases to retirement plans.
As regards compensation structures for company owners, a spokesperson says, “We will want to evaluate the least amount of payroll that is considered to meet the standard of 'reasonable cause,' but also two other considerations: how much personal income the owners desire and what is necessary for salary to support retirement planning and other compensation factors. In short, the compensation needs to be structured in a 'salary structure' for every owner to minimize taxes and maximize benefits.”
The website also contains a host of resources for company owners and financial departments, with downloadable templates and guides for record retention, government correspondence, and tax organization.
In addition to its tax planning services, Associates In Accounting offers payroll services, accounting software consulting, and bookkeeping, as well as business, succession, and retirement planning solutions.
New clients can access a complimentary discovery session by filling out a form on the firm's website.
For more information, interested parties can go to https://associatesinaccountingcpa.com/
Contact Info:
Name: Melissa Hayes
Email: Send Email
Organization: Associates in Accounting, CPA
Address: 9405 Mill Brook Road Suite 102, Louisville, Kentucky 40223, United States
Website: https://www.associatesinaccountingcpa.com
Source: NewsNetwork
Release ID: 89138866
If there are any deficiencies, discrepancies, or concerns regarding the information presented in this press release, we kindly request that you promptly inform us by contacting error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team is committed to addressing any identified issues within 8 hours to guarantee the delivery of accurate and reliable content to our esteemed readers.
