Business Taxation

business taxaton in new york

Business Taxation

Tax Planning and Preparation for Small Businesses

Small businesses face tons of legal, tax and compliance issues. I understand those challenges and work with you at every step of the process. I can help lower your tax bill and keep more of that hard-earned money.

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Some of the most common questions that are asked by small business owners but are not limited to, go as follows:

  • What is the right business structure that suits me?
  • What are the different entity structures and the difference between each of them?
  • Are there any special licenses or permits that I need?
  • When do I need to file my estimated tax payments and how much?
  • What kind of deductions and credits is my business eligible for?
  • How do I write off business assets?
  • My wife is a partner in my firm; can we file as a Qualified Joint Venture?
  • Can my 15-year-old son work in my company and be paid a salary?
  • Can I take a home office deduction? How do I calculate it?
  • What type of retirement plans can I offer to my employees?
  • Which fringe benefits are taxable to me and which are not?
  • Will I get audited? How the IRS audits small businesses?

And most importantly, I get asked the question- How do I lower my tax bill by taking every single legal deduction possible?

I work with all my clients on getting their penalties reduced or eliminated, interest charges removed and resolving tax issues and notices. I offer year-round planning for my small business clients and offer tips and strategies to help them.