{"id":99,"date":"2025-05-05T16:20:58","date_gmt":"2025-05-05T16:20:58","guid":{"rendered":"https:\/\/cbas-cpa.com\/blog\/?p=99"},"modified":"2025-05-06T13:45:17","modified_gmt":"2025-05-06T13:45:17","slug":"tax-planning-and-advisory","status":"publish","type":"post","link":"https:\/\/cbas-cpa.com\/blog\/2025\/05\/05\/tax-planning-and-advisory\/","title":{"rendered":"Tax planning and Advisory"},"content":{"rendered":"

All CBAS business advisory services include tax planning. Taxes can be the most expensive side of running a business. Make sure all areas, such as payroll, sales, property, mercantile, and other taxes, are systemized and paid timely. While compliance taxes must be addressed, income taxes are where the practice has the biggest influence over what it does or does not pay.\u00a0<\/span><\/p>\n

Income taxes and all the issues therein is a fluid topic that can change annually or with each change of administration. State taxes are unique to the state in which the business operates and may or may not follow the federal net income. Collaborating with an advisor or CPA who stays up to date on changing tax laws, actively considers your business\u2019s needs, and conducts periodic check-ins ensures your business stays on track, not only to minimize taxes but also to plan for tax payments and their timing effectively.<\/span><\/p>\n

While business income taxes are expensive, the first key area is determining if the business is established in the correct tax entity. That choice alone can save significant taxes based upon elections and availability of better tax and retirement savings vehicles. After reviewing the business entity, I address many of the following tax topics with my advisory clients. If we do not discuss them in depth, the business owner can rest assured that I am overseeing tax laws, elections, and opportunities available to the business on the federal and state levels.<\/span><\/p>\n