Tax Planning For Entrepreneurs
"Entrepreneurs who own their own businesses often generate taxable income that is not subject to withholding taxes"
Business owners always need to be thinking about tax planning and estimated tax payments. Entrepreneurs who own their own businesses often generate taxable income that is not subject to withholding taxes. Failure to pay the correct amount of estimated taxes on a timely basis will subject the owner to IRS imposed penalties and/or interest. This is a big consideration for entrepreneurs who are self-employed as accurate quarterly estimated tax planning can help maximize your current cash flow.
Stevens Group can help you evaluate your income tax situation and advise you of the correct amount of estimated taxes that should be paid during the year, generally on a quarterly basis which will empower you to take control of your cash flow and tax liabilities. By engaging in this process regularly we gain intimate knowledge of your business and are able to make suggestions to help you evaluate your financial and tax considerations. This regular communication is the gateway to help us identify tax planning opportunities unique to your business, as well as avoid unpleasant tax liability surprises.
Beyond offering counsel on specific cases, our goal is to develop close, longstanding relationships with our clients. We talk to our clients at least once a quarter as we believe regular communication is the best way to identify and take advantage of meaningful tax planning opportunities.