Why Your Business Taxes Shouldn’t Be A Once-A-Year Thing

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Why Your Business Taxes Shouldnt Be A
Once-A-Year Thing
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• While there is little doubt that taxes are
  stressful for all small business owners, by
  incorporating tax planning into your business
  strategy, you can not only better manage your
  taxes, but devise a way of more efficiently
  processing them to alleviate some, or all of the
  stress associated with tax time.
• Prevent stress-induced headaches during tax
  season, and possibly end up with bigger
  deductions, by thinking about your taxes all year
  round, and preparing and planning for tax time
  long before its time to file.

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• What exactly is strategic tax planning?
• Minimizing the amount of taxes to be paid in a
  given period, is the purpose behind strategic tax
  planning, and such planning should ideally take
  place in the middle of each tax year, giving
  plenty of time to create and apply the
  strategies. Having a basic understanding of the
  provisions of the tax code can be helpful, but
  its most important that you work with a
  qualified, tax professional. CPAs and other
  accountants will have the understanding and
  training to help formulate individualized
  strategies for you, and will help you implement
  them successfully, and without fear of upsetting
  the IRS.

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• Why is tax planning so important?
• Tax plans can help you mitigate your liabilities
  as the owner of a small business, especially when
  your transactions are being taxed, and by giving
  yourself time to prepare for your taxes, you can
  help prevent common mistakes, maximize tax
  relief, reduce your payable taxes and overall,
  have greater control of when you pay your taxes.
• Tax laws also change often, and without warning,
  and having a tax plan created by a tax
  professional can help make sure that you stay
  updated on any changes, and are always compliant
  with the law.

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• The ongoing pandemic has seen deadlines and tax
  requirements change frequently, but by engaging
  with a professional CPA throughout the year, you
  need never worry about getting caught out, and
  can trust that theyll adapt your tax planning
  strategy accordingly.
• Who can help you with strategic tax planning?
• The obvious, and most effective candidates for
  helping you with your strategic tax planning are
  accountants and business tax professionals. Many
  small businesses choose to work with an
  outsourcing agency instead of employing their
  own, full time accountant or office manager, and
  with their wealth of shared knowledge and
  experience,

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• theyll make sure that you adopt smart legal
  business tax practices throughout the year, to
  help you gain the most when it comes to tax
  season.
• You might not want to think about your business
  taxes, but the reality is that the sooner you can
  get on top of them, the better for you and your
  business, and engaging with an outsourced
  accounting agency will enable you to do so with
  minimal stress, and maximum results.

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• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax service Coral Gables.
  If you are looking for individual tax preparation
  in Miami, Heyer Associates would be a right
  option.