Tax planning involves strategies to minimize tax liability and ensure compliance with tax laws. Some key considerations are:
- Business structure
- Deductions
- Sales Tax
- Retirement Contributions
- Estimated Taxes
- Tax credits
- International Considerations
- Record Keeping
A CPA specializing in business can provide personalized advice to maximize your tax savings.
Tax planning is an ongoing process, so review your strategy at a minimum annually to adapt to changes in tax laws and changes your business.