Some people don’t like surprises, and none of us like to be told we need to pay money when we don’t expect it. Tax planning will give you an idea of how much you’ll owe come filing time and by doing it before year-end, you’re giving yourself time to find ways to minimize those surprises.

The IRS requires that you pay your tax as you earn your income - think how you have income tax withholdings taken out of your normal W-2 wages. For small business owners, if you’re making money, you’re required to pay the IRS and your state government on a quarterly basis. The “safe harbor” is the minimum amount you have to pay in order to negate penalties for not paying your tax as you earn it.

A financial projection is a prediction of what your income is going to be at the end of the year before you get there. We take your year-to-date financial information and estimate what your future earnings will look like, based on that information and any expectations you have.

There are ways to minimize taxes owed - retirement deferrals, using your home for business, timing your equipment purchases, and many more. We’ll look at your financial situation and recommend strategies that work best for you.

Great question. Only you can really know that, and we want to know YOU. What drives you? Maybe you want to retire by a certain date or pay for your kids’ college or save up for a vacation home. Maybe you want to offer more benefits to help retain employees.