Lower Your Taxes, Increase Your Profits
Karla Dennis And Associates, Inc.™ has a large network of tax professionals who know the tax code and specialize in strategic tax planning. Our tax experts are licensed enrolled agents who have a high understanding of the U.S. tax laws. We are licensed to operate in all 50 states and our national outlook makes us ideal for businesses that operate in different states or those that are looking to grow their businesses.
We have helped business reduce their tax burdens and earn more income and if you are overburdened by the taxes that you are paying, get in touch and let’s discuss ways to make your business more tax-efficient through strategic tax planning.
Why Strategic Tax Planning is something you are not likely to receive from your CPA?
Accountants understand just a small portion of the tax code. Rather than being focused on the future, their interest is in historical record keeping. Some may offer reactive business tax advice but most hardly understand how to strategically use the tax code to realize more savings for your business.
Most CPAs are not flexible and open to change. They are great for plugging in the numbers and maintaining the books but most hardly factor your business’ short term and long-term goals in their operations. Strategic tax advisors should factor in the business owner’s lifestyle, spending habits and personal as well as business goals to develop an effective tax plan.
Small business tax accountants are quite cautious. The tax code contains more than 70,000 pages of tax green lights but your regular CPA only concentrates on about 5 pages of red lights to ensure that your business is not flagged by the IRS. The tax code is meant to be used and not feared and an experienced tax specialist will make use of the code to reduce the amount you need to pay in taxes and to help you retain more of the income from your business.
Our Approach
Do you keep getting bad news every tax season? Are you paying more taxes than you need to? If that’s the case, then you need targeted and hard-hitting taxation strategies that will help you reduce the taxes you pay to the IRS and preserve your wealth. At Karla Dennis And Associates, Inc.™, we have a unique taxation skill set and industry experience that helps us find loopholes in the tax code that result in big savings to our clients at the end of the year.
Our corporate tax planning services provide businesses with custom tax strategies that offer them competitive advantage by reducing their business costs and raising their profit margins and shareholder value.
At Karla Dennis And Associates, Inc.™, we listen to you. We understand that every business and industry is different and that is why we take the time to understand your business, your priorities, and goals. This is more comprehensive than what traditional tax planning services offer since we employ deep examination tactics that help us find out more about your business. We perform this deep analysis so as to know how to serve you best. Our goal is to optimize your business’ tax efficiency while respecting your risk tolerance.
We will analyze your financial statements, tax returns, current federal tax plan, and employee information. Even when you have complied with all tax laws and avoided an audit, questions still remain of whether your tax burden could have been lower. Yes, it could be lower and our tax experts who understand your business will use your data to craft a strategic tax plan that will see you pay lower taxes.
We don’t just stop with the customized tax plan. We purpose to establish relationships with our esteemed clients so as to help them deal with changing tax laws. When the laws change so will our tax strategy for your business and this will ensure that your business is not exposed to the risks of using outdated tax principles.
From Our Blog
Tax Deductions Vs. Tax Credits, Which Results In Tax Freedom?
07 June 2022 TOPIC: Tax Deductions Vs. Tax Credits This is one of many guides that teaches you how our tax system works. If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a new blog drops! Lucky you! You just landed on a complete guide to deductions and tax credits. After reading this, [...]
The Great Resignation: What’s next?
The Great Resignation: What’s next? We’ve all heard about—or been affected by— The Great Resignation: Workers leaving their jobs in record numbers over the past year, looking for better pay, work-life balance and flexibility. And while workplace experts don’t necessarily expect the same spike in quitting in 2022, they do see the trend continuing throughout the year. What does this mean for small business owners? It means that the [...]
Google My Business 101
Google My Business 101 Does your business serve in-person customers during regular business hours? Then you definitely need to make sure you’re maximizing the benefits of a free Google My Business (GMB) listing. Here’s a quick primer—direct from Google—on how to optimize the SEO benefits of this free platform to increase your business. HOW CAN GMB HELP YOUR BUSINESS? If you run a business that serves customers at a particular location [...]
6 strategies for cash flow control
6 strategies for cash flow control Slow periods in your business are just part of the entrepreneurial journey. In fact, they can be a good thing: Downtime can provide the opportunity to review and reset revenue goals. That is, unless you can’t afford to bridge the gap between your typical flow of income and the unexpected shortage. The ability to analyze and control where your money is coming from—and [...]
What are source documents…and why does my business need them?
n a financial transaction, it’s all about the paper trail. As a small business owner, whenever you conduct a transaction—even something minor like purchasing a box of pens for your business—the receipt for that transaction and any supporting documentation become what’s known as source documents. Those original documents, in turn, become an essential piece of the paper trail your accountant follows to create accurate tax returns and other types [...]
7 hot ways to boost summer sales for your small business
7 hot ways to boost summer sales for your small business People do lots of things during the summer—take vacations, grill in the backyard, attend ball games and go to the beach, among other pursuits. What kinds of things don’t they do in the summer? Well, spend time indoors patronizing businesses, for one. That’s why you might hear a business owner refer to “the dreaded J months,” which encompass [...]