Whether you are just starting your own business or trying to get a better handle of your existing business in MN, Havig Tax is here to help. We all know that tax preparation and filing is a large component to business success. However, that is only a small sliver of the end result. To make the most out of your business and ensure financial stability, let us talk with you about the importance of tax planning and consulting. We will look at your past records and advise you on deductions you may be missing out on and why.
Year-Round Tax Planning
While tax time may only come around once a year, it does not mean that you should only be thinking about it when it pops up. Tax planning should be a year-round process, no matter how big or small your business may be. You should be working directly with an accountant to minimize your tax liabilities and determine strategies that make the most out of your spending and savings throughout the entire year. Examining deductions, looking at education expenses, saving for retirement, determining estate planning, etc. Let us take a look at every aspect of your finances to help you plan for a financial positive future.
Deductions can be a large game changer both personally and for a company. A good CPA will talk with you about your deductions taken last year and then discuss ways to either accelerate or delay deductions and avoid alerting the Alternative Minimum Tax. Taking a good inventory on what you have done and where you can improve can dramatically change your following year’s outcome.
In this day in age, there are so many different ways to save for retirement. How are you doing it? Do you have a 401(k), a 403(b), a Roth IRA or another type of employee sponsored retirement program? Even if you are not even close to retirement age, opening the floor to those conversations and creating long-term goals will allow you to build wealth for the future and make the most of your money now.
Tax planning strategies can save you a tremendous amount of money both personally and if you own a business. At Havig Tax, we sit down with each of our clients on a regular basis and ensure that their tax situations haven’t changed throughout the years. Focusing on your priorities and having a plan for your taxes means stability. If you are looking for someone to help you with your tax planning, don’t wait another minute. Call us today and let us show you how we can help. For more information on tax planning and consulting in Minnesota, give Havig Tax a call today at (763) 325-4400.