For many business owners, an accountant is someone you see once a year to file taxes. But what if we told you that this reactive approach is leaving money on the table?
True value from an accounting partner comes not from filing your taxes, but from strategic tax planning throughout the year.
Tax Filing vs. Tax Planning: What’s the Difference?
-
Tax Filing is historical. It looks at what already happened in the previous year and reports it to the government. It’s necessary, but it’s backward-looking.
-
Tax Planning is proactive. It involves making strategic financial decisions during the year to minimize your future tax burden.
How QS Accounting Provides Value Through Proactive Planning:
We work with you to:
-
Maximize Deductions: Identify all eligible business expenses you can claim, from home office costs to vehicle use and equipment purchases.
-
Choose the Right Business Structure: Advice on whether an LLC, S-Corp, or Sole Proprietorship is most tax-efficient for your situation.
-
Plan for Major Purchases: Advise on the best time to buy new equipment to take advantage of Section 179 deductions or bonus depreciation.
-
Manage Your Retirement Savings: Help you set up and contribute to the most tax-advantageous retirement plan for you and your business.
Don’t wait until April to think about your taxes. By then, it’s too late to make impactful changes for the previous year.
Partner with QS Accounting for a proactive approach that puts you in control of your financial future.
Ready to keep more of your hard-earned money?
