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Comprehensive tax planning and consulting for small businesses

Navigating the complex landscape of small business taxes can be daunting. We're here to act as your small business tax advisor, specialized in building comprehensive small business tax planning strategies. We work to minimize your tax exposure and provide tailored advice for your specific business model.

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Get a personalized, efficient, and effective financial plan built for you. We take a holistic approach to help to unify every aspect of your financial life.

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Financial planning and analysis

Before we dive into the nuances of tax planning, our financial advisors conduct a detailed financial analysis of your business. We scrutinize your income, expenditures, assets, and liabilities to offer a holistic view of your financial health. This analysis serves as the cornerstone for future tax planning, taking into consideration that every recommendation we make is not only aligned with tax law but also with your business goals. Financial analysis isn't just about crunching numbers; it's about interpreting those numbers to create a sustainable, long-term small business tax plan.
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Planning for income and expenditures

The timing of income and expenditures can have a significant impact on your tax obligations. We guide you through structuring your income in a way that aligns with your cash flow needs while offering the most favorable tax treatment. Moreover, we help you time your expenditures strategically to take full advantage of any available tax benefits, such as making capital investments at year-end to provide immediate deductions and improve your bottom line.

Tax-Loss Harvesting

The timing of income and expenditures can have a significant impact on your tax obligations. We guide you through structuring your income in a way that aligns with your cash flow needs while offering the most favorable tax treatment. Moreover, we help you time your expenditures strategically to take full advantage of any available tax benefits. For example, making certain capital investments at year-end can provide immediate deductions, improving your bottom line.
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Reducing Your Tax Burden

At Savvy, we know that every dollar counts for a small business owner. That's why we go beyond mere compliance to help you reduce your tax burden effectively. Through a variety of techniques such as expense categorization, identifying and applying for relevant tax credits, and structuring transactions more beneficially, we help you to minimize your tax obligations legally. We understand that you need small business tax help that goes beyond April 15th, and that's precisely what we offer.

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DISCLAIMER

Savvy’s tax planning advice is to help clients with tax strategies.  Strategies are not a substitute for the services provided by an attorney or an accountant. There are no guarantees that any strategies implemented will be successful notwithstanding such efforts to mitigate tax liabilities

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FAQ

What percentage does a small business pay in taxes?

Small businesses pay an average of 19.8% of annual gross income in taxes, but rates vary by business structure from 13.3% for sole proprietorships to 26.9% for S corporations.

Small businesses pay an average of 19.8% of annual gross income in taxes, but rates vary by business structure from 13.3% for sole proprietorships to 26.9% for S corporations.

How to do taxes for small business?

Small businesses can file taxes by gathering records, knowing required forms like Schedule C, filling out forms, meeting deadlines, and filing online or through a tax preparer.

Small businesses can file taxes by gathering records, knowing required forms like Schedule C, filling out forms, meeting deadlines, and filing online or through a tax preparer.

How to file taxes for small business?

To file taxes, small businesses must gather invoices, bills, checks, and other records; know required forms like Schedule C or Form 1120; fill out forms; and file by paper or electronically.

To file taxes, small businesses must gather invoices, bills, checks, and other records; know required forms like Schedule C or Form 1120; fill out forms; and file by paper or electronically.

How to file taxes for small business owner?

Small business owners file taxes through IRS Form 1040 with Schedule C, Form 1120, or Form 1120S depending on business structure, gathering supporting documents and filling out forms.

Small business owners file taxes through IRS Form 1040 with Schedule C, Form 1120, or Form 1120S depending on business structure, gathering supporting documents and filling out forms.

How to do small business taxes?

Small businesses file taxes by gathering income and expense records, understanding required IRS forms like Schedule C, filling out forms, and submitting them by paper filing or e-filing.

Small businesses file taxes by gathering income and expense records, understanding required IRS forms like Schedule C, filling out forms, and submitting them by paper filing or e-filing.

When are small business taxes due?

Tax deadline for small business federal returns is April 15 for sole proprietorships and C corporations but March 15 for partnerships and S corporations.

Tax deadline for small business federal returns is April 15 for sole proprietorships and C corporations but March 15 for partnerships and S corporations.

How to categorize receipts for taxes small business?

Small businesses should categorize receipts by type such as materials, wages, contract services, utilities, etc. when gathering records to document expenses for tax deductions.

Small businesses should categorize receipts by type such as materials, wages, contract services, utilities, etc. when gathering records to document expenses for tax deductions.