Because there is more to your business than tax compliance.
As a business owner, your to-do list may never end. But there’s one item you can check off right now: your taxes. Our team provides small business tax solutions for all entity types across a variety of industries. For example, we serve clients in the retail/wholesale, construction, real estate development, and manufacturing industries, just to name a few. The bottom line is that with JAK on board, you’re free to focus on what you do best.
Our small business tax services include, but aren’t limited to:
- Business tax preparation
- Business tax compliance and planning
- Business succession planning
- Cost segregation studies
- Employee benefit plan reporting and compliance
- Mergers and acquisitions
- Sales and use tax reporting and planning
- R&D tax consulting
- Accounting methods
- IRS representation
Reduce Tax Bill with Professional Tax Preparation and Planning
Filing taxes—and meeting tax deadlines—is simply part of being a business owner. But taking on tax preparation by yourself can leave you with headaches and, if your tax filings are deemed noncompliant, much worse. When you work with our tax consultants, you can relax knowing you’ll be kept up to speed with the latest tax laws, tax deadlines, and tax forms. What’s more, our tax planning strategies could even help you reduce your tax bill.
Be Proactive with Tax Planning
Creating an ongoing strategy is one of JAK’s specialties. We understand taxes are a process and not simply a one-time event. To make a meaningful impact for our clients, we take the time to learn about each of our client’s businesses. This means exploring a business’ current situation as well as the expectations its owners and leadership team have for the future. Understanding where the business is headed allows the JAK team to help determine which tax strategy is best for each client.
Could You Benefit from the R&D Tax Credit?
If your business is involved in engineering, design, or manufacturing activities, it’s worth looking into the R&D tax credit. Our R&D tax consultants can help you determine whether or not your business qualifies, as well as aid you in R&D tax credit calculation. You can learn more about the R&D tax credit on our blog.
Identify Available Business Owner Tax Deductions
The IRS defines business expenses as “the cost of carrying on a trade or business,” and notes these expenses can generally be deducted by for-profit businesses. It’s a broad definition, which means it can be difficult to determine if an expense truly qualifies. Getting this right is important for many reasons. For one, getting it flagrantly wrong could put you at risk for criminal fraud. Our tax consultants in St. Paul & Minneapolis can help you identify which business owner tax deductions are available for you.