Business Tax Planning

business tax planning

Proactive planning is the key to managing your tax liabilities. Start planning your tax strategy today by working with our highly experienced Mount Prospect, IL CPA firm. We're constantly studying the tax code and developing new techniques to save our clients the most money on taxes.

At Tax Planning IQ, we offer tax planning services for businesses at every stage. For new businesses, implementing the right tax strategy at the outset can make all the difference in your success, so we create short and long-term tax plans that encourage sustainable profitability and growth. For mature businesses, we'll review your current structure and implement any changes needed to increase profits. No matter what stage your business is in, we'll be sure it's positioned to take advantage of all tax deductions allowed under state and federal law.  We watch for any revisions to tax legislation that might benefit our clients and make sure they take advantage of the savings they deserve

Discover how Tax Planning IQ can find significant tax savings for your business. To get started, call 847-818-0400 now or request your send us a message online.

For new clients this is the tax preparation and planning process we follow:

  • Begin with an evaluation of your past 3 tax returns to first identify any overpayments due to oversights, misapplications of tax rules, and math errors. We then file your amended return(s) to get back the taxes you overpaid.
  • I will use this review of your past tax returns to begin to identify strategies to reduce your future income taxes so that you can keep cash in your business.
  • You will be asked additional questions to better help me identify the best tax strategies for you. Those strategies will take into account your goals and dreams about where you want to take your business.
  • Your plan is implemented.
  • Your investment in tax planning is fully deductible and may even eliminate one or more of your future estimated tax payments.