Tax Planning, its a Puzzle!
Overwhelmingly, when you hire a friend's aunt's second cousin to prepare your taxes, you are giving them all of your PAST data. They enter it on an endless number of forms, have you sign, and you go about your Spring happy you got a few hundred dollars back.
This is all wrong!
Not that your tax preparer isn't preparing an accurate tax return on time, but do they (and you) really understand what the numbers on the forms mean to best benefit you? Most tax prepares and accountants are engaged in the "race to the bottom", simply working toward getting the most returns done in a 3 month span, resulting in low-cost-low-value work where they cannot afford to thoroughly review your individual situation and give you any meaningful action to reduce next years tax burden because they need volume.
You need a CPA that analyzes your info and proactively creates a plan, for you!
If you are a successful business owner (or even if your business is just starting to gain traction), and you'd rather pay only your fair share and keep more money in your pocket, a tax plan is for you. You do not need to be a a Fortune 500 company to minimize your taxes each year, you just need someone that finds mild joy in reading tax code, analyzing your financials on a regular basis, and loves helping business owners save money and grow.
In order to realize the full return on investment for developing your personal tax plan, you must be prepared to work with PCS on a regular basis. A tax plan will not be prepared for individuals that want to take it and try to implement on their own simply because the chances of not checking all of the required boxes for each strategy are too high, and you will miss out on the savings, both in terms of the cost you incurred for the plan and in additional taxes you risk incurring.
During the first year we stay actively engaged in your business finances to make sure the plan is working and can tweak it as necessary. Then, you will automatically switch into an ongoing maintenance plan were still check in quarterly and are always available for questions. Don't forget, tax planning is a deductible expense for your business!
The time to implement a plan is now, not January
First, we'll have a discovery call to learn about your business and make sure you need a tax plan. The goal for PCS is to have all clients save more in their first year than the fee they pay. As always, the call is no-obligation, and you have nothing to loose!
Then we'll analyze your previous tax returns and financials, looking for any missed deductions and make sure your current legal entity makes sense. Additionally, PCS will perform a review of all the applicable tax strategies that we can implement in your business.
Next, we'll have a strategy meeting (in plain-english!) where we review our initial findings and the relevant strategies that you can implement into your business. You will leave with a clear understanding of the potential tax savings each year.
You always have a say in what strategies you want to move forward with implementing. If you are ready to implement your plan, we'll sign our engagement agreement and you'll pay a one-time fee. The fee is driven by the complexity of your unique situation.
We will get to work immediately implementing your plan. There will be frequent communication during the first 4-6 weeks, but once the plan in rolling, you can expect us to check-in together quarterly. If you ever have a question, you can count on a phone call or email to be answered.
Tax Planning Packages is priced based upon the value to you and your unqiue financial and personal circumstances
Remember, we generally will not move forward with creating a tax plan if we do not feel certain you will save more in taxes in your first year than the fee for our services.