tax strategy

Which Business Entity Allows Less Taxes?

When you have your annual tax returns sit in front of you, have you considered which types of taxes you can optimize?

Do you know your business structure impacts your bottom line?

Outside of legal considerations for asset protection, or financial consideration for fund-raising, what you want the business to do determines the best tax strategy for it.

5 'Must Haves' Checklist for Tax Preparation

Personal tax filing underway is from now to April 15th , extended to October 15th if you file proper paperwork. Today is a great time to check off what you have received from other people, banks and institutions. So, to help you maximize your tax savings this year and get proactive with your tax strategy, here’s our BayCPAPlus essential checklist to organize your records before going to your favorite CPA’s office.

Business owners take note - if you’re organized as a partnership or LLC or S-corp, the deadline for filing the business returns is March 16th. Calendar-year C corporation tax returns are due by April 15. Six-month extensions can be requested as in personal tax filing

Late Tax Law Changes...Again! What Small Business Owners Need to Know

Deep inside the 1,700 plus page bill passed to keep the government open, are a number of tax law changes for 2019 and 2020.. Included here is a summary of the primary changes impacting most of us.

While there is not much time to react to these changes, being proactive and contacting your tax strategist now allows you to potentially benefit from some significant deductions in areas such as tuition and fees deduction, mortgage interest and retirement accounts.

As more clarity is provided by the IRS, we’ll be keeping you updated on how to best use these new law changes to your advantage - follow our Million Dollar Monday hashtag on Linkedin, Instagram, or Facebook to stay up to date!

Million Dollar Monday FAQs

Million Dollar Monday FAQs

The idea is to inspire entrepreneurs, especially those who are solopreneurs, sole proprietors or self employed, to ask themselves what small steps they can take each week to march closer to their goals, by outlining their ideal progress and implementing new actions.

Join us on Instagram, Facebook and Linkedin to take part in this powerful year long challenge!

Something More Important Than Lower Real Estate Costs

Would high state taxes be enough to make you move? Or do the quality of your life and breadth of opportunity mean more than mere taxes?

Quit Your Whining

This year’s 4/15 deadline has been extended to 7/15, but the general feeling of dread is still the same. By all rights, “Tax Day” ought to be one of our favorite holidays, like “Christmas in April” without the carols, the hype, or the eggnog.

A Clean Bill of Financial Health

Financial health entails working in a profession that you are prepared for and enjoy, earning solid investment returns, staying in control of debt and risks along the way.