Year-Round Tax Planning for Small Business Owners
Tax Planning
Year-Round Tax Planning for Small Business Owners
Stop paying more taxes than you owe. Our proactive tax planning strategies help small business owners reduce their tax bill — legally and permanently.
Key Strategies
How We Reduce Your Tax Bill
Proactive planning throughout the year — not just at filing time.
S-Corp Election
Electing S-Corp status at the right time can save self-employed business owners thousands in self-employment taxes each year. We analyze whether the election makes sense for your income level.
Retirement Contributions
Contributions to SEP-IRA, Solo 401(k), or SIMPLE IRA plans reduce your taxable income dollar-for-dollar. We help you maximize contributions within IRS limits.
Home Office Deduction
If you use part of your home exclusively for business, you may be able to deduct a portion of your mortgage, rent, utilities, and insurance. We calculate the correct deduction method for your situation.
Vehicle Deductions
Business use of your vehicle is deductible — either by actual expense or the standard mileage rate. We help you track and maximize this often-overlooked deduction.
Timing Income & Expenses
Strategically timing when you recognize income and pay deductible expenses can shift your tax liability between years and reduce your overall tax burden.
Hiring Family Members
Paying your spouse or children for legitimate work in your business can shift income to lower tax brackets and, in some cases, eliminate self-employment tax entirely.
Pricing
Tax Planning Packages
Proactive planning at every level — from a one-time review to a full annual strategy.
Tax Review
$299 one-time
A thorough review of your prior-year return to identify missed deductions and opportunities.
- Review of prior-year return
- Identify missed deductions
- Written action plan
Quarterly Tax Planning
$199/quarter
Stay ahead of your tax bill with quarterly estimated tax calculations and strategy calls.
- Estimated tax calculations
- Quarterly strategy calls
- Deduction tracking
Annual Tax Strategy
$799/year
Comprehensive year-round planning including entity review, retirement strategy, and year-end moves.
- Everything in Quarterly
- Entity structure review
- Retirement planning
- Year-end moves
- Priority access
Tax Planning — Frequently Asked Questions
What is the difference between tax planning and tax preparation?
Tax preparation is the process of filing your return after the year ends. Tax planning is the proactive work done throughout the year to reduce what you owe before the year closes. Planning is where the real savings happen.
When should I start tax planning?
The best time to start is now — regardless of where you are in the year. Many strategies, like S-Corp elections, retirement contributions, and timing decisions, must be made before December 31. The earlier you start, the more options you have.
Can you help me decide if I should elect S-Corp status?
Yes. S-Corp election analysis is one of our most common planning engagements. We run the numbers based on your net profit, salary requirements, and state rules to determine whether the election will save you money after accounting for all costs.
How much can tax planning actually save me?
It depends on your income, entity type, and current situation. Business owners who have never done proactive planning often find $3,000 to $15,000 or more in annual savings once strategies like S-Corp elections, retirement contributions, and deduction optimization are in place.
Do you work with clients outside Texas?
Yes. Our tax planning services are available to clients in all 50 states. All meetings are conducted remotely via video call or phone.
Ready to Stop Overpaying Taxes?
Schedule a free consultation and we’ll identify the top strategies to reduce your tax bill this year.
Going Deeper
How Tax Planning Actually Reduces Your Tax Bill
Tax planning isn't about loopholes — it's about making smart, legal decisions throughout the year that reduce what you owe at filing time. Here's how it works in practice.
S-Corp Election: The Most Overlooked Tax Strategy for LLCs
If your LLC is generating $50,000 or more in net profit, electing S-Corp status could save you $5,000–$15,000 per year in self-employment taxes. As a sole proprietor or single-member LLC, you pay 15.3% self-employment tax on all net profit. With an S-Corp, you pay yourself a reasonable salary (subject to payroll taxes) and take the rest as a distribution — which is not subject to self-employment tax. This single strategy is one of the most impactful tax moves available to small business owners, and most don't know about it until they've already overpaid for years.
Quarterly Estimated Tax Payments: Avoid Penalties and Surprises
If you're self-employed, you're required to pay taxes quarterly — not just at filing time. Missing or underpaying quarterly estimates triggers IRS penalties and a large tax bill in April that many business owners aren't prepared for. Tax planning means calculating your estimated payments accurately, adjusting them as your income changes throughout the year, and making sure you're never caught off guard. We handle this for all of our tax planning clients.
Retirement Contributions: Reduce Taxable Income While Building Wealth
A SEP-IRA allows self-employed individuals to contribute up to 25% of net self-employment income — up to $69,000 in 2024. A Solo 401(k) allows even higher contributions. Every dollar you contribute reduces your taxable income dollar-for-dollar. For a business owner in the 22% tax bracket contributing $20,000 to a SEP-IRA, that's $4,400 in immediate tax savings — plus the long-term growth of the retirement account. This is one of the most powerful tax reduction strategies available, and it's completely legal.
Timing Income and Expenses Strategically
Tax planning includes deciding when to recognize income and when to accelerate deductions. If you're having a high-income year, it may make sense to prepay certain expenses before December 31 to reduce this year's taxable income. If you're expecting a higher income next year, it may make sense to defer income where possible. These decisions require knowing your numbers in real time — which is why tax planning works best when it's paired with clean, up-to-date bookkeeping.
Tax Planning Works Best When It Starts Early
The best time to start tax planning is at the beginning of the year — or right now, regardless of what month it is. Every month you wait is a month of potential savings you can't recover. Our tax planning clients typically save 2–5x the cost of the service in reduced tax liability.
Start Your Tax Plan