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
Protect Your Finances from Inflation Before It’s Too Late
Understand purchasing power. Purchasing power refers to your ability to buy items such as necessities and luxuries. One of the main issues with inflation is that your purchasing power goes down as inflation goes up. For example, your $1 could buy an item yesterday, but today you’ll need $5 to buy the same item. Unfortunately, interest rates and incomes can’t always keep up with inflation.
How Helicopter Parents Affect a Child’s Finances
They lack financial responsibility. Helicopter parents often have children who are financially irresponsible. They struggle with responsibility and turn to their parents to save them. Do you rescue your children from every financial mistake they make? Parents who act as financial saviors are actually hurting their children’s ability to learn from their mistakes and make more beneficial decisions in the future. Children can become too dependent on their parents and refuse to grow up.
Important Financial Considerations Before the Birth of Your First Child
Expecting your first child is a very exciting event and the financial aspect of raising a child is probably not the only thing you have on your mind. However, having a child means you’ll soon have some new responsibilities, including preparing for your new arrival from a financial point of view.
College Students: Avoid These Credit Card Pitfalls
Credit card companies used to market aggressively to college students. Laws now prohibit this type of activity, but getting a credit card is important for college students. Sooner or later, you’ll want to purchase an automobile or home, and you’ll either have to use credit or save for a very long time. However, using a credit card irresponsibly can create a huge financial challenge.
Don’t Let Your Hobby Destroy Your Financial Future
Do you have a favorite hobby that takes up a great deal of your time and money? Hobbies can be fun activities, but they can also have a negative impact on your finances. If your hobby is starting to hurt your finances, then it’s time to reevaluate it: Consider the time you spend on the hobby. How much time do you dedicate to your favorite hobby every week? Do you spend at least several hours on the hobby every day? Hobbies can be fun distractions and can help you explore new ideas. However, hobbies that take up too much of your time can be dangerous. They can affect your job, family, friends, and finances.
Become a Self-Made Millionaire by Following These 9 Practices
If you aren’t lucky enough to inherit a million dollars, you’ll have to create wealth on your own. Relatively few millionaires inherit their wealth, so you’re in good company. Most millionaires didn’t become wealthy by doing anything spectacular. They simply have a useful set of habits that they stick to religiously. Start on the path to becoming a self-made millionaire: Deal with uncertainty. Most millionaires don’t have a “regular job” and are forced to deal with more uncertainty than average income earners. Be comfortable with uncertainty. Pay yourself before you pay your bills. Save at least 10% of your paycheck before you sit down and pay your bills. If you pay yourself first, you’ll adjust your spending to accommodate your bills. If you pay your bills first, you’ll spend the remainder and save nothing. Save your money before you have a chance to spend it.