As a business owner, you realize taxes are important to understand, but difficult to grasp.
Of course, you've seen the recent headlines regarding the tax planning done by companies like General Electric.
General Electric's tax department literally invented the tax arbitrage strategies that most major corporations use today and consider commonplace. Perhaps most noteworthy at the moment is GE's use of out of country subsidiaries and branches to defer taxation indefinitely. Well... at least until Congress gives in to demands for another "one time" repatriation allowance.
G.E. is not alone, Exxon/Mobil, Citigroup and Boeing also didn't pay any taxes for 2010. In fact many of them received tax credits to the tune of billions of dollars. This is in spite of having profitable domestic operations.
So, as a small business owner, your interest should be on legal business tax savings strategies which usually fall into one (or more) of four types:
The questions you must ask yourself as a small business owner:
Remember: Failing to plan is planning to fail.
Let us develop a powerful Strategic Business Tax Plan that drives your business to the level of success you deserve. Request a Free Consultation.
|
All written content on this site is for information purposes only. Opinions expressed herein are solely those of Asset Growth Associates, and our editorial staff. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Fee based financial planning and investment advisory services are offered by Asset Growth Associates Wealth Advisors, a Registered Investment Advisor in the States of Texas and Louisiana. Insurance products and services are offered through Asset Growth Associates. Tax preparation and accounting services are provided by AGA Tax and Retirement Advisors. Asset Growth Associates Wealth Advisors, Asset Growth Associates and AGA Tax and Retirement Advisors are affiliated companies. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the States of Texas and Louisiana or where otherwise legally permitted.
All Web site design, text, graphics, the selection and arrangement thereof, and all software are Copyright 2002-2018 by Asset Growth Associates. Any use of materials on this website, including reproduction, modification, distribution or republication, without the prior written consent of Asset Growth Associates and it's affiliated companies, is strictly prohibited. "Save My Retirement," "What Is My Risk Number?" "Free Portfolio Risk Analysis," "Asset Growth Associates," "Asset Growth Associates of Texas," "AGA Tax and Retirement Advisors," "Asset Growth Associates Wealth Advisors," "Texas Registered Financial Consultants, PLLC" "SaveMyRetirement.com, SaveYourRetirement.com, WhatisMyRiskNumber.com, SaveYourIRA.com, SaveMYIRA.com" and "1-866-SAVEMYRETIREMENT" in addition to all symbols, logos, devices, phrases and slogans found on this site are to be considered Trade Marks "TM" of Asset Growth Associates and it's affiliated companies. ALL RIGHTS RESERVED.