In a nutshell, a Tax Management Plan is a tax analysis with written recommendations identifying tax strategies that apply specifically to each business’s unique situation.
While tax codes are complicated, the bottom line of a Tax Management Plan is simple — it saves money and time.
- Tax Analysis
- Recommended Strategies
- Tax Tips
- Organizational and Efficiency Tool
- Influences Financial Decisions
- Quarterly Review with Question & Answer Sessions
Some of these numerous tips might be straight-forward, such as when is the best time of year, tax wise, to buy a new vehicle or other piece of equipment. Other recommendations are more complex, including whether a business must pay any alternative minimum tax.
While tax codes are complicated, the bottom line of a Tax Management Plan is simple — it saves money and time. These resources can then be reinvested back into the business to achieve other goals, whether they are marketing, hiring, or simply breaking even.
The Tax Management Plan also serves as an organizational and efficiency tool, one that tracks progress on a quarterly basis and includes question-and-answer sessions with The Cain Law Group experts four times a year.
Instead of fretting over taxes once a year and then forgetting about them for the next 10 months, these regular meetings give business owners a reliable place to ask questions that guide their financial decisions year-round.
Businesses that sign up for the Tax Management Plan pay a $175 fee, unless they already participate in the law firm’s Small Business Package. In that case, the plan is included. The Small Business Package provides businesses a one-stop shop for back-office services such as taxes, accounting and legal services.
For more information about how a Tax Management Plan can help your business, call the Small Business Package at 858.430.0155.
