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Business Taxes

Build a strong foundation for your business

Starting a new business can be an incredibly rewarding but challenging endeavor. With a tax advisor who specializes in small businesses, you can ensure you’re positioned for success and protected from personal risk. Packages start at $2,500.

This service is perfect for...

Anyone who is thinking about starting a company

Some of the most important decisions for founders and builders include how to organize the business – for example, structuring your business as a partnership, LLC, S Corporation, or C Corporation. Each of these has different implications on how your income will be taxed, both as a business owner and as an individual. A tax advisor can help you decide the best fit.

Business owners who need to make quarterly tax payments

When you work for yourself, your income will not be subject to withholding and you will need to navigate quarterly estimates to ensure that you’re paying the right amount of taxes throughout the year. Making accurate and timely estimated tax payments helps you manage your taxable income, avoid penalties, and ensure you’re in compliance with the IRS.

Pricing & Details

  • Pricing

    Packages start at $2,500 based on rates set by the advisor

  • Frequency

    Ongoing, including quarterly estimates and annual filing

  • What you get
    • A dedicated tax advisor
    • A personalized tax optimization strategy
    • Quarterly estimates
    • Tax filing for S-Corps, C-Corps, and Partnerships

Your questions, answered

Why is it important for me to choose the right corporate entity for my company?

Choosing if your business is organized as a partnership, LLC, S Corporation, or C Corporation has a significant impact on how you need to file and pay your taxes. The first three options are pass-through entities, so profits and losses are distributed to the owners who are taxed on them.

While partnerships, LLCs, and S-corps must file informational returns with the IRS, they do not pay taxes on profits independently. However, each has more restrictions on ownership than a C Corp does. C Corps are taxed as independent entities, creating the potential for double taxation as the company is taxed on profits and shareholders are taxed on distributed profits. Based on your business model, your tax advisor can help you determine the right corporate structure.

What are estimated quarterly taxes?

When you’re self-employed, you won’t have an employer withholding income for tax purposes. Estimated quarterly taxes are payments made to the Internal Revenue Service (IRS) on a quarterly basis to cover your tax liability when your income is not subject to withholding. Making accurate and timely estimated tax payments helps you manage your taxable income, avoid penalties, and ensure you’re in compliance with the IRS.

If you expect to owe at least $1,000 in taxes for the year, you will need to make quarterly estimated tax payments to the IRS. Failing to make these payments on time can result in penalties and interest charges.

What is QSBS and how do I know if I qualify for it?

Qualified Small Business Stock (QSBS) refers to the shares of a Qualified Small Business (QSB) that meets specific requirements outlined by the Internal Revenue Code (IRC) Section 1202. Qualified Small Business Stock offers significant tax benefits to entrepreneurs, startup founders, early startup employees, and investors by providing either an exclusion from capital gains tax or a deferral of capital gains tax when a qualifying company’s shares are sold. Understanding and taking advantage of QSBS tax benefits can be complex, and it’s important to have expert advice when making any major financial decision.

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