Self-Employed Business Owners

As you know, self-employed individuals face many financial, tax, and business issues daily. How these matters are resolved can have a serious impact on your business as well as your personal affairs.

Our services include tax planning services specifically focusing on self-employed individuals. We are well trained in tax matters that affect self-employed individuals and can provide a level of planning that concentrates on their unique tax issues.

Whether you are currently operating a business, contemplating starting a business, expanding an existing one, or disposing of your business, proper tax planning is paramount. Decisions should not be based upon tax consequences alone, but the economics of transactions can be seriously affected by their tax outcome. Start-up and business expansion costs need to be properly captured and adequately documented in order to obtain the benefits of current deductions. If your business is ultimately sold (or you purchase an existing trade or business), there are tax rules that govern how the sales price (or purchase price) must be allocated among the assets.

There are also a wide variety of retirement plan alternatives for a self-employed individual. Of course, each one has its own benefits or detriments. A careful review of your situation can produce alternatives that best meet your objectives and provide the most effective tax outcome. This could have both current and long-term effects to you personally.

There are a number of other tax planning issues that you may face daily. The special rules for operating a business from your residence, unique tax saving opportunities by employing family members, loss limitations that affect only self-employed individuals, and minimizing self-employment tax in addition to income taxes are just a few of these issues.

We would like to meet with you to discuss how our expertise in providing you with tax planning services focusing on issues related to a self-employed individual can benefit you. We look forward to speaking with you soon to arrange a convenient time.