Tax Strategy & Planning

Planning starts with how the business is organized and how ownership passes on. Both decisions carry tax consequences for years, so they are worth revisiting as the business grows.

• Entity structure
• Estate planning

What is the difference between tax planning and tax preparation?

Tax preparation reports decisions you have already made. Tax planning changes those decisions while there is still time for them to matter — how the business is structured, when income and expense land, and what gets substantiated along the way. Preparation happens once a year; planning happens before the year closes.

When should I revisit my entity structure?

Entity structure is worth revisiting whenever the business changes shape — a jump in profit, new owners or partners, a new line of business, real estate purchases, or planning for succession. A structure chosen when the company was small often carries tax consequences for years after it stops fitting.

What is a cost segregation study?

A cost segregation study separates a building into its component parts so that items qualifying as personal property or land improvements under IRC sections 1245 and 1250 can be depreciated over shorter lives than the building itself. The result is accelerated depreciation and deferred tax. We identify where a study applies and coordinate the cost segregation partners who perform the underlying engineering work.

How does tax planning fit with the rest of your work?

Planning decisions rarely stay in one lane. Entity structure affects payroll, estate planning affects succession, and a cost segregation study changes the financials your reporting is built on. Because the same advisors handle your CFO, bookkeeping, and tax work, those decisions get made together rather than in isolation.