At ProVision, we know taxes. We have experts on hand to help not only with a tax strategy, but also with consultations and preparation. Our team is here to make sure that you are fully equipped when tax season rolls around. Let’s take a look at how we can help, and then dive into some ways that you can get ahead on your taxes.
Tax Strategies
Taxes are the number one expense of any business or investor and a ProVision Tax Strategy ensures you are paying the least amount of tax allowable by law, regardless of your business or investment situation. We begin by identifying your business, personal and other financial goals. Then we carefully analyze your current business and investments to uncover deductions and other permanent tax saving opportunities.
Lastly, we devise a custom and flexible entity structure in addition to a tax plan that will serve as the basis for tax savings for the rest of your life. On average, our clients reduce their taxes by 10-40%. It’s not as hard as one might think. Especially, when you consider that 90% of the tax code is written to benefit entrepreneurs and investors. It’s about more than Tax Returns and Tax Planning…It’s a Plan of Action.
Tax Consulting
We bring a thorough knowledge of tax law with experience we’ve gained through years of working with individuals, partnerships, corporations, estates, and trusts. Our experts provide guidance specific to you and your business on the most effective ways of minimizing your tax liabilities allowable under the law. Your advisor will take a look at your business and determine the best steps for overall tax efficiencies. By providing tax consulting services we try to minimize the effects of numerous tax facets which clients experience.
Tax Preparation
ProVision tax return preparation is an essential part of the ProVision service offering. We have three goals as we prepare your tax returns. First, we want to prepare a complete and accurate tax return. Second, we want to prepare a tax return that minimizes your taxes to the greatest extent possible. Third, we want to prepare a tax return that will reduce your chances and cost of an IRS audit to the greatest extent possible given your facts and circumstances.
How to Get Ahead
While we always recommend consulting with a professional if there is anything you are unsure of, there are a few steps that you can take in order to get ahead on your own taxes and be prepared.
Get Organized
Whether you are planning on bringing your taxes concerns to ProVision or not, getting all the information you have organized in a logical manner will help to expedite and simplify the tax process. By having all of the information you need ready and available, there will be less back-tracking and searching for the answers you need while you are in the middle of preparing your taxes.
Get Digitized
Many companies are moving towards digital W2s and more, however, there are still plenty of places that mail out printed versions every year. This leads to most people having a mix of both mediums. If at all possible, you can simplify your tax preparation process by digitizing all of your necessary documentation. Doing so allows you to store them all in one safe and secure online location, and can even open up the possibility of being able to access them from anywhere. No more forgotten paperwork and multiple trips to your tax preparer’s office when you have everything accessible at your fingertips.
There are many steps you can take to get ahead on your taxes, but working with one of our experienced advisors is the best way to ensure that you have done everything you can. Ready to take the next steps with your taxes? Contact us today.