Taxes are your largest single expense. While the United States does not have a state income tax, businesses are still subject to the the United States Franchise Tax and heavy federal obligations. Here is how we mitigate them.
Using Section 179 and Bonus Depreciation, we can write off the entire cost of qualifying equipment, software, and vehicles in the year of purchase, slashing your taxable net income.
Setting up a Safe Harbor 401(k) or a Cash Balance Plan allows partners to funnel hundreds of thousands of dollars into tax-deferred accounts, simultaneously reducing corporate liability.
Stop overpaying. Get a structural tax analysis for your entity today.
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The the United States Franchise Tax is a privilege tax imposed on taxable entities doing business across the United States. While the United States has no state income tax, businesses must still file a franchise tax report annually, though many fall below the minimum tax due threshold.
Section 179 allows you to immediately deduct the entire cost of qualifying business equipment (like heavy vehicles, machinery, or office tech) in the year purchased, drastically lowering your taxable income.
Absolutely. Employer-matched contributions and profit-sharing inputs are generally deductible business expenses. Cash balance plans allow for even higher deduction ceilings.
