Here at J. R. Martin & Associates, we have a certified tax coach team that can help you develop a comprehensive tax strategy tailored to your business needs. As a part of our service, we will make sure that you’re taking advantage of every possible deduction and that you’re adequately informed about the tax ramifications of your activities. Not only does our team have the experience and expertise needed to implement an effective tax strategy, but we also invest a significant amount of time and energy on continuing education to stay on top of the latest tax law changes and tax strategies. Finally, we remain in close contact with all of our clients by checking in regularly to ensure that you stay in compliance and that your business is in the best tax advantage at all times.
As a business owner, not planning ahead is not an option. If you don’t have your eye on the future, it limits your company’s potential success. The same goes for income tax planning. If you don’t plan properly, you could pay more in tax than expected, which can hinder financial flexibility. Our income tax planning service will prepare you for your income taxes every year, allowing you to properly plan and budget for the future without having to worry about being taken by surprise.
Part of effective tax planning is understanding your tax liability. Those who do not understand their company’s tax liability could find themselves paying more in tax than expected and that they didn’t realize they had to pay. They could also end up having to pay penalties and interest on tax payments they never made (simply because they didn’t know they were responsible for them). We will help calculate your taxes regularly, thereby ensuring that your tax liability is at its lowest possible level and that you continue to comply with regulatory agencies.
One of the most significant advantages of working with a highly knowledgeable team of tax experts is that we have a deep understanding of the tax code. For instance, there are many legal ways to defer your income taxes. Deferring your income taxes can be hugely beneficial since it can put real cash back into your pocket when you need it most. For example, you could defer your income taxes and put the money away tax-free in a retirement fund. Or you could initiate a 1031 exchange as part of your real estate strategy. Another option would be to time a stock purchase and sale based on your income tax deferral. We can help you decide whether deferring your income tax is a good plan for you by calculating the tax ramifications and ensuring you’re making an informed decision.
If you find yourself having tax liability problems, we can step in with our tax resolution service. Our tax specialists will negotiate with the IRS or any other regulatory agency on your behalf. As a part of our negotiations, we will develop a plan to resolve your tax issues. Once we’ve resolved your tax situation, we will equip and educate you so that you don’t run into tax liability problems again in the future. We emphasize regular, proactive tax planning as part of our tax resolution package to help you maintain your good standing over the long-term.
Reach out to us at J.R. Martin & Associates located in Redding, CA, to discover the benefits of regular, proactive tax strategy and planning. Not only can we help you avoid common tax-related pitfalls as well as ensure that you’re prepared for tax time every year, but we can also provide you with peace of mind knowing that you have a team of highly experienced and knowledgeable experts supporting you at every turn.