Financial News
Louisville Tax Minimization Strategies: CPA Service For Businesses Announced
Louisville-based Associates in Accounting, CPA (502-451-8678) announces a new four-tier business tax minimization service that includes review of company structure, compensation planning, identifying missed deductions, and identifying the most appropriate strategy.
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Louisville, United States - July 18, 2024 —
The latest tax minimization capability from Louisville-based Associates in Accounting, CPA, includes assessments of current company structures to determine if a change to LLC, S Corp, or C Corp will reduce the tax liability for a business and/or its owners. The firm also reviews compensation of owners to determine a strategy that maximizes returns while also reducing the amount of tax that is payable.
More details can be found at https://associatesinaccountingcpa.com/
Associates in Accounting, CPA maintains an ongoing awareness of available tax deductions, both in Kentucky and at a Federal level, and the new four-tier tax minimization program includes a review on which deductions clients are currently applying, and whether any have been missed. Finally, the firm is compiling a convenient database of effective tax reduction strategies, allowing it to quickly identify the most suitable tools for a given set of circumstances.
“The goal of tax planning is almost universally to reduce the amount being paid,” Senior Partner, Rick Fields, CPA, explains. “There are four basic parts to a good tax plan: the structure of the business, how the owners receive benefits, reviewing which deductions are being taken, and ensuring that the plan reflects best-practice methods going forward.”
According to a survey conducted by the National Small Business Association, one third of small businesses say that they spend more than 40 hours each year dealing with federal taxes, while 11% say that the process occupies over 120 hours of their time. Payroll and income taxes were identified as being two of the most time-consuming administrative tasks.
With the latest program, Associates in Accounting aims to reduce much of the administrative burden for business clients, while also helping them put in place more effective tax minimization strategies. The firm points out that an initial investment of time will still be required for new clients to ensure that the most effective strategies can be determined.
About Associates in Accounting, CPA
A member of the Kentucky Society of Certified Public Accountants, the American Institute of CPAs, and the Jeffersontown Chamber, Associates in Accounting, CPA is one of the leading CPA firms in the greater Louisville region. In addition to tax planning and minimization, the firm offers payroll preparation, accounting software consulting, bookkeeping, IRS representation services, and more.
“Associates in Accounting have been doing my taxes for over seven years, and they’re always great,” one client stated. “The staff are always quick to respond to any query, even though their client list has been growing. I guess that’s a good indication that they’re doing something right. I highly recommend this company.”
Interested parties can find more information by visiting https://associatesinaccountingcpa.com/
Contact Info:
Name: Melissa Hayes
Email: Send Email
Organization: Associates in Accounting, CPA
Address: 9405 Mill Brook Road Suite 102, Louisville, Kentucky 40223, United States
Website: https://www.associatesinaccountingcpa.com
Source: NewsNetwork
Release ID: 89136017
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