Operating a business comes with many unique challenges. Business owners should be able to focus on their business while having a trusted tax advisor to focus on tax compliance. We can help your business report properly according to its designed classification and prepare you for any tax liabilities.
Business tax planning is more than just decreasing your current taxable income. It includes minimizing your overall tax liability throughout your company’s life cycle, which takes into consideration tax credits and elections along with current tax laws and possible future changes. Our professionals will work with you to look at your business situation from all angles, so that you’re taking advantage of the best tax strategies for your business’ goals.
Tax Structure & Organization
We can analyze your current business entity to ensure you’re in the right structure or if a change might benefit you from a tax perspective. Structuring your business the right way can significantly impact your tax situation, so let the experts at Convergence review your ownership arrangement and organization to ensure that it’s conducive to your personal and professional goals.
Transition and Succession Planning
You’ve worked your whole life to build a successful business that delivers excellence to its customers. You need plans in place to ensure both you and the company are set up for success once the baton is ready to be passed. We’ll work with you to evaluate both your business and personal financial positions and craft a transition plan to help you ease into your next adventure.
Whether it be big picture strategic goals or detailed analysis of internal controls, we can help evaluate what’s working and what’s not in your business. We specialize in finding solutions for small businesses, and can help identify areas for improvement and opportunities to improve profitability.
Life can be complicated. Unfortunately, so can taxes. For that reason, we offer tax preparation services for your individual tax situation. As your financial position changes over time, most likely your tax preparation needs will too. A once-simple tax return can evolve into a complicated filing as life gets more layered and complex. We have the knowledge and expertise to navigate the complexities of tax preparation for individuals with various types of needs.
Tax Planning & Strategy
Your full tax picture goes far beyond last year’s tax activity, and it’s never too soon to begin planning for next year’s taxes. We’ll dig in with you to look for tax-advantaged strategies that can help balance your financial situation and potential tax liabilities to maximize your situation. Proactive tax planning and collaboration on financial decisions allows our clients to anticipate and control their tax situation rather than just react.
The relationship with your CPA should exist beyond tax compliance, and should extend throughout the year. Taxes are only one part of your full financial picture, and your return can be used as a tool to help you reach other financial goals. We’ll work with you to evaluate your current financial position, identify personal financial goals, and then build the strategies to help you achieve them.