Proactive Tax Planning: Individuals & Businesses
A lot of times I’m asked if I need to do the individual taxes and the business taxes, and I always say yes, because proactive tax planning, it involves both. If you’re an S-corporation or your partnership and your income is passed through, I’m gonna need to see what your individual tax assessment is to see how we can utilize the business to benefit you.
Or I’m gonna need to see, well, you’re a C-corporation and you are looking at taking certain dividends and this is what your salary is gonna be, we need to look at that throughout the year and plan accordingly for your corporate taxes. So it really does benefit if we do proactive tax planning for individuals and their businesses, whether it’s separate or together.
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