Business Tax Planning
Every business, regardless of the size, scope or industry, must manage taxation effectively to minimize its tax liability, comply with legal requirements and improve its bottom line. Barulich Dugoni Suttmann & Cummins Law Group can provide the services of an experienced business and tax attorney in California who can contribute to your organization’s success by helping you navigate the murky taxation waters.
Tax Planning for Your Business
Tax planning entails implementing a strategic approach to managing an organization’s finances. The objective is to reduce the tax burden and comply with all applicable laws and IRS regulations.
Examples of the elements that an integrated tax planning strategy should consider include:
- Identifying specific tax obligations: A business tax lawyer can help you understand the various taxes, such as payroll, income, excise and sales, and how they impact your organization’s financial obligations.
- Choosing the most appropriate structure: If you are setting up a business, your attorney can help you weigh the potential tax benefits and liabilities of operating as an LLC, a corporation or other business entity.
- Maximizing deductions: Businesses can take advantage of the applicable deductions and credits that could significantly reduce their tax burden.
- Managing payroll taxes: Payroll taxes represent one of the more complicated business taxation areas. Appropriate planning allows companies to avoid mistakes that lead to under- or overpayments and costly noncompliance issues.
- Setting up an estate/succession plan: Business tax planning includes establishing an arrangement for the future transfer of ownership and anticipating and preparing for the tax implications.
- Establishing retirement plans: A business tax attorney can explore the advantages of setting up a retirement plan for owners and employees. Contributions to these financial vehicles can be tax deductible and may offer tax-deferred growth opportunities.
Business tax planning is not a static process. It is necessary to develop a flexible taxation strategy that can adapt to organizational expansion, changes in tax laws and other factors. An experienced tax attorney will account for these circumstances and ensure your company can react accordingly.
Why Trust Barulich Dugoni Suttmann & Cummins Law Group?
The Barulich Dugoni Suttmann & Cummins Law Group includes several attorneys with advanced law degrees in taxation and who have attained Certified Public Accountant certification. You will partner with a knowledgeable small business or corporate tax attorney who understands the tax challenges your organization faces and what it takes to overcome them.
Our lawyers have extensive experience supporting clients when dealing with various taxation entities, including the IRS, the California Franchise Tax Board, the California State Board of Equalization and various local county tax assessor’s offices.
Our attorneys share a commitment to helping our clients protect the financial resources they’ve worked so hard to accumulate. We will collaborate with you to create a well-crafted business tax plan that enables you to achieve your objectives.
Contact a Business Tax Lawyer Today
Let the experienced tax attorneys at Barulich Dugoni Suttmann & Cummins Law Group remove the burdens of business tax planning from your shoulders. Call us or contact us online to schedule a convenient appointment today.