Too many business owners miss out on tax reduction strategies.
When was the last time your tax accountant came to you with ideas on how to lower your taxes?
Here at LimeLife Tax and Accounting, we see it as our mission to make sure that you do everything possible to tap into tax mitigation strategies so that you can keep more of your money.
If you wait till the end of the year to talk to an accountant, it's probably already too late for you to implement any meaningful tax reduction strategies.
One of the major things that we will help you do is identify whether or not you should remain as a Schedule C business or if you should convert to an S-Corporation in order to tap into self-employment tax mitigation.
One of the biggest ways we are able to help small business owners reduce their overall tax burden, is to help them reduce their Social Security and Medicare taxes by maximizing an S-Corporation.
One of the biggest differences that we try to show is how to be as aggressive as possible within your S-Corporation while still obeying the reasonable salary laws laid out by the IRS.
Many people will convert to an S-Corporation, but then are not actively engaged throughout the year to make sure that they are paying themselves, as owners, the proper and reasonable salary according to their business operations and how they participate in the S-Corporation.
When you work with us, we will provide year-round, and aggressive analysis of your profit and loss statement in order to identify the best way to reduce your taxes.
Use the strategies of large businesses & the wealthy.
Never overpay in taxes again.
We'll help you build a super-profitable business & keep more of your money.
We'll provide guidance to scale your business to hit your dreams.
You can relax now that we'll keep books up to date and keep you on track.
Leverage our skills to swiftly tackle the accounting.
We'll serve as your chief financial officer.