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Where do I want to take my business. Identifying business direction is the first step in developing a successful tax strategy. The priority is the business with the tax strategy as a venue of success.
Once the business has direction then we analyze the current tax position and develop the tax plan to help he Company achieve its goals and grow. The analysis includes modeling to ascertain relevant factors are considered.
Is not only about generating tax planning ideas and analyzing such ideas but about making the tax strategy happen with successful tax plan execution. The combination of tax planning, analysis and successful execution equals success.
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Please reach us at (305) 591-0116 for more information
Machiney and Equipment may be deduction through depreciation expense or throught IRC 179 which may allow the entire machinery and Equipment purchase to be deducted 100% the year of purchase.
The collection of sales taxes are not taxable. When sales taxes are collected the business acts as a withholding agent and then remits the withheld sales taxes, generally, to the State Revenue Department. Such amounts are not taxable for income tax purposes.
Partnerships are pass-through entities and generally do not pay income taxes but only report taxable income and other information to the Partners, through K-1 reports then used by the Partners to prepare their individual tax returns.
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