IQ ACCOUNTING TAX PLANING SERVICES
IQ ACCOUNTING. offers tax planning services that aim to minimize the amount of tax that is paid to governmental authorities through legal and generally accepted methods. Many of our business and individual clients are not aware that they may be able to save substantial amounts of money on the tax bills by looking into some well known and some lesser known deductions.
Just a few examples of these items are:
Forecasting liabilities
Utilizing capital losses
Making charitable deductions
Prepaying state tax during the current year
Prepaid college tuition programs
IRA and self employed retirement planning
Employee bonuses
Purchases of fixed assets
New rules regarding purchases of luxury automobiles for business uses
Reviews of Accounts Receivable to adjust bad debt allowances
Prepayment of expenses for cash basis businesses
There are many different ways that tax planning can benefit your bottom line, but only a conference with a competent tax planning professional will get the ball rolling, and begin to save you money on your next tax bill!
|