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To contact us: |
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Phone: 704-539-4013 Fax: 704-539-4017 Email: info@hawkins-cpas.com |
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Tax Planning |
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HAWKINS & HAWKINS, PC |
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Certified Public Accountants |
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One method of improving your business’s cash flow is to reduce your tax liability. Hawkins & Hawkins, PC CPAs strive to go beyond tax compliance and proactively recommend tax saving strategies to maximize your after tax income. We are knowledgeable regarding federal and various state tax laws as we prepare taxes for clients nationwide. Our customized tax saving strategies are aimed at helping you make decisions like: · Is it a smart move to buy that new business asset or should I wait until next year? · Are there incentives for hiring new employees? · Prior to starting a new business, what tax saving strategies do I need to be aware of? · How do I best handle growth and preservation of assets? · Should I defer income until a later time when I have a lower tax rate? · What’s the best way to reduce my taxes on income, estate, gifts, investments, and retirement distributions? · How can my vacation travel expenses be converted to business tax deductions?
Here are just a few of the Tax Saving Strategies we recommend... · Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket. · Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate. · Deferring tax liabilities through certain investment choices, such as pension plans, contributions and other similar plans. · Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities. · Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.
Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies. We want to help keep moving your business forward!
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