Small Business Tax  Planning Services

Hire A Great Team Of Experienced Tax Accountants & CPAs To Develop Your Personalized Tax Planning Strategies.

Our  Tax Planning Services  
Help Small Business Owners Save Thousands on Taxes

independent contractor accounting

A good tax plan is crucial to the success of any small business and as a business owner, you should be aware of this. It can mean the difference between keeping what you earn and paying much of it in the form of taxes. This is the very reason you need the services of real tax experts in such cases. The US tax code can be complicated, if not downright mystifying to non-tax experts and it would be more complicated to tackle it on your own, especially if you are a small business owner. You should focus on the growth of your company and leave the tax planning to our team of trustworthy and reliable tax advisors.

Every year-end tax or tax season, all business owners must file their tax returns and pay the applicable taxes to the IRS. For a large majority of these business owners, taxes are always the biggest expense and they find it difficult to solve this dilemma. They seem to overlook a lot of aspects when it comes to tax planning and this should not be the case.

A good tax plan is crucial to the success of any small business and as a business owner, you should be aware of this. It can mean the difference between keeping what you earn and paying much of it in the form of taxes. This is the very reason you need the services of real tax experts in such cases. The US tax code can be complicated, if not downright mystifying to non-tax experts and it would be more complicated to tackle it on your own, especially if you are a small business owner. You should focus on the growth of your company and leave the tax planning to our team of trustworthy and reliable tax advisors.

Every year-end tax or tax season, all business owners must file their tax returns and pay the applicable taxes to the IRS. For a large majority of these business owners, taxes are always the biggest expense and they find it difficult to solve this dilemma. They seem to overlook a lot of aspects when it comes to tax planning and this should not be the case.

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LYFE Accounting knows that this issue has been very prevalent and we want to help. We decided to spread the information first that small businesses can save on taxes through proper tax planning services and can significantly reduce tax bills. There is a misconception that you don’t need to spend money on things you don’t really need to lessen your tax bills; but it’s not the smartest and most ideal thing to do.

LYFE Accounting strategizes and develops a tax plan according to your current financial situation while providing guidance and tips on how to implement those strategies successfully.

Here’s a tip: small business owners miss out on certain deductions hence they overpay their taxes. There are a lot of ways to save on your taxes and our team of tax advisors and financial advisors stand ready to help you and educate you on these ways.

Expert Accounting.

Our team is run and directed by Certified Public Accountants (CPAs) which is the highest level of certification you can attain in accounting. Guaranteeing you are in good hands when it comes to tax and financial planning is a must for small business owners because you can’t afford to fail on these serious financial matters. We stand behind our certified tax professionals. Don’t trust your tax planning with someone who is not certified just to save money! You might even end up spending more and saving less if you put your tax planning to the hands of an unreliable person.

Our agency is made up of professionals that can help you create a complete and comprehensive tax plan. We combine it with our extensive experience to earn the trust of numerous clients. That combination has made our team known for delivering the best possible results. Whether an individual or small business, they know that they can rely on us to provide high quality services. If you are looking for a professional CPA Tax Advisor, you can turn to our team for assistance. Consider your tax issues resolved. Our high level of skill plus our unparalleled effort equals the right solutions for you.

Combined Experience Of The LYFE Team

30+ Years

Education Level Of The
LYFE Team

CPA | MPA | B.A.

Trusted Accounting.

We are trusted by numerous small businesses and the number continues to grow today. Our team’s experience and efforts extends beyond business tax planning which is just one of many reasons our clients trust our services. Our tax professionals are updated with the tax rate of every tax year and all tax laws in the US.

Our clients trust our tax planning services mainly because we make their life easier during tax season and throughout the year. They can focus on the growth of their business without having to worry about their taxes. We want to build a trusting and valuable relationship; hence we always ensure accuracy in all of our processes and top-notch experience combined. Our growing number of clients is one high proof that you can put your complete trust in us.

Hundreds Of Small Businesses Served

And growing
Small Business Tax Planning Services

Your Numbers are in Good Hands

Save Thousands With Small Business Tax Planning Services

Quality Small Business Tax Services By LYFE Accounting

Small Business Tax Planning

We help small businesses of all shapes and sizes with tax planning

Sole Proprietorship (Self Employed)

This type of business is when you are the only owner and the only responsible person for everything that will happen in your business. The owner and the business are legally the same. All income tax, business expenses, assets, and liabilities are assumed by the owner. When you decide this type of business, make the best of your business losses and minimize your tax liability. Your self-employment tax should be your main focus.

General Partnerships (1065)

Like Sole Proprietors, the business and its owners are treated the same. These partnerships will divide their share of assets and liabilities according to their percentage owned. Partnerships can be great for tax purposes when done correctly. There are a number of different types of taxes that fall into the excise tax category and you should discuss these as partners as well.

Limited Liability Companies (LLC)

The business and its owners are legally separate. LLCs are treated like partnerships for tax purposes and are “pass-through” entities which means no tax on the LLC”s income.

S Corporations (1120S)

A separate legal entity from its business owners. S corps, like LLCs, are pass-through entities so they are not subject to double taxation like C Corporations are. This allows for great tax flexibility.

C Corporations (1120)

Corporations pay taxes on their business income and then a second tax is paid on owner’s dividends. C Corps are great for developing businesses who offer shares to their investors.

Non-Profit Entities (990)

Nonprofits are not subject to pay any federal taxes when they turn over all taxable income to individuals or organizations who are lawfully recognized as charitable. Nonprofits must perform tax filing to stay compliant.

Every  Dollar  Makes Sense

You deserve to get every dollar that is rightfully yours. We help you do just that.

Our Professional CPA
Tax Advisor Services
Allow You To Earn More

How is that possible?

With LYFE Accounting, it is possible.

Our team understands the complexities of tax codes and how difficult it is for non-experts to fully grasp everything. When you don’t have the proper understanding, you are at high risk of making mistakes, which could be quite costly for your business. This extra cost should be used for the growth and development of your business, not for more taxes.

Our Professional CPA
Tax Advisor Services
Allow You To Earn More

How is that possible?

With LYFE Accounting, it is possible.

Our team understands the complexities of tax codes and how difficult it is for non-experts to fully grasp everything. When you don’t have the proper understanding, you are at high risk of making mistakes, which could be quite costly for your business. This extra cost should be used for the growth and development of your business, not for more taxes.

Our Small Business Tax Planning  Process: 

Here is a good look at our professional tax planning service process. This will provide you with a good idea about how LYFE Accounting works on our tax planning:

Meet With Your Tax Planner

Initial consultation to access your tax situation and plan accordingly. This will also be based on the initial assessment that our team did for you in the initial part of the process. This strategy will be developed as we go along through the process.

Send Tax Forms & Documentation

Transfer access to your tax forms and accounting records such as prior year tax returns and financial statements, etc. for proper documentation and basis for the tax planning.

Prepare Tax Plan

Tax Planner will review tax forms and documentation to prepare the tax plan and must be in compliance with the tax law. Any excise taxes would be identified here as well.

LYFE Review

Tax Planners will review tax plans for any additional tax savings including local taxes and other tax deductions problems. The identified excise taxes would also be reviewed here and find a solution to prevent those in the future.

Client Reviews

Tax advisor and client will review tax plans together and address any questions until the end of the year and in preparation for the next year. Additional tax tips would also be discussed and other questions raised by the client would be answered accordingly.

It’s Accrual World – We Make It Easy For You

Three Reasons To  Love LYFE Accounting 

Small Business Success

We specialized in small business or any type of business tax planning services. We truly work to not only make sure you are saving the maximum on taxes, but work with you on helping your small business succeed at every level. We even help with your business retirement plan so you can prepare for the future! This offers you financial security regardless of the long-term success of your business.

Certified Public Accountants

Our team is run and directed by Certified Public Accountants (CPAs) which is the highest level of certification you can attain in accounting. Guaranteeing you are in good hands when it comes to tax and financial planning is the priority of every small business owner. Don’t trust your tax planning with someone who is not certified! Choosing to work with us at LYFE Accounting gives you the opportunity to work with some of the top CPAs in the business. This basically serves as your guarantee that your financials will be properly taken care of. We assign a CPA to your account and you will stay in constant communication throughout the process. If you have any questions, you can either send us an email or schedule phone consultations.

A+ Customer Service

Our goal is to have the best customer service team, ready to give strategic and technical support when needed. We strive to educate our clients by providing more than just your tax report, but helpful tax planning tools for the future. We also share our knowledge with tax breaks and how it can benefit your business. We can also figure out if your business qualifies for a deduction of up to 20% of the “qualified business income” (QBI) earned by a qualified taxpayer.

Schedule a Free Consultation Today.

Hundreds of Small Businesses  Choose LYFE 

“I needed help filing my businesses taxes after my last accountant moved. I did a quick Google search and found LYFE Accounting. After meeting with them, I was shocked to find out my business qualified for $3,500 in tax credits. Thanks to LYFE Accounting, I was able to earn more tax money this year.”

Frequently Asked Questions

How Much Do You Charge?

Our prices are based on complexity. Generally, our prices for a small business tax plan starts at $500. Our fees already include the initial consultation with our CPAs and tax preparers. This will enable our team to be in the best position to help you with the right solutions. You will get the best tax advice in the form of a great tax plan that will solve your issues with the IRS or with the state.

Do You Prepare Individual Tax Plans?

Yes, we do. Though we do find there is more opportunity to save on taxes when a business structure is involved.

What Documents Do You Need From Me?

We will provide you with a checklist of documents we’ll need to get started on your tax plan. Generally, we will ask for prior year tax returns, organization documents, financial statements, etc. If you have financial statements, then contact us about how we can prepare them for you.

Schedule A Call With An Expert Or Talk To An Expert Right Now!
470-240-1437

CLIENT TESTIMONIAL

“My husband and I were so thankful to find LYFE Accounting and Krystal! This was our first year filing taxes for our business and they made everything so easy, fast and secure for us. We appreciate their knowledge and fast responses that enabled us to get a great return and really early! Thank you- we highly recommend!”

– A. Horgan