Tampa Corporate Formation & Tax Planning
Ronald Cutler, P.A., provides different tax services to our corporate clients. If you need help forming a corporation or changing an existing entity form, we can help. Our Tampa corporate formation & tax planning attorneys have the skills needed to reduce corporate taxes legally. Call us if you want to schedule an individualized meeting with a member of our office.
Reduce Your Risk—and Your Tax Bill
We have decades of experience in tax planning. We can review what you are currently paying in corporate taxes, as well as the income sources.
Some strategies for reducing taxes include:
- Choosing the correct entity structure. Some clients want to switch into a C corporation or S corporation for tax savings. Let us review whether this is the right move for you. You might be better off with a limited liability company (LLC), so analyze the differences before jumping the gun and filing articles of incorporation.
- Shifting income and expenses. You might reap tax savings by shifting income or expenses to different tax periods or entities altogether. For example, you might lower your tax burden by allocating income to a later tax year.
- Using business tax deductions. We can analyze your business expenses, including employee benefits, to determine how to lower your tax burden. Too many smaller corporations fail to use all available deductions.
- Taking advantage of tax credits or incentives. Your business might be eligible for various governmental credits, which can shrink your tax bill. Larger companies have in-house counsel to find available credits—let us do the work for you.
- Keeping good business records. Document and record retention are vital for tax compliance. An effective document retention system also helps support deductions or credits. Our tax planning attorney can help your small business with record retention in support of your tax strategy.
- Avoiding mistakes. Tax planning will only save your business money if it is done properly. Mistakes or sloppy planning can invite IRS attention and result in litigation. You should hire an experienced tax planning attorney so that you end up enhancing the value of your business, not crippling it.
- Finding the right tax professionals. Many small businesses have no idea how to find experts, such as certified public accountants. We can help pull in these other experts for tax planning purposes.
These are just some for the strategies corporations use to minimize their tax burden. At Ronald Cutler, P.A., we can discuss these and other methods. Your tax planning strategy should be aligned with business objectives, and what worked for a competitor might be the wrong choice for your business.
Speak with Our Tampa Corporate Formation and Tax Planning Attorneys Today
The corporate form is very popular in Florida. By one estimate, about 99% of all businesses are corporations. Call Ronald Cutler, P.A., if you need help forming a corporation or with tax planning services. We can discuss our experience in greater detail and help you think through the different options available to business owners.
