Tax Strategy Assessment
Identify Tax Problems and Tax-Saving Opportunities
$395
What Is a Tax Strategy Assessment?
A Tax Strategy Assessment is a review of your tax return and business structure to identify problems and find opportunities to lower your taxes.
We look for filing errors, missed deductions and credits, audit triggers, and business entity issues that could be costing you money or setting you up for penalties. We also identify ways to reduce your tax bill going forward.
What’s Included
- Prior-Year Tax Return Review – Review of your most recently filed personal and business tax returns
- Business Entity Review – Review of your current business and tax structure
- Tax Issue & Error Review – Identification of potential filing errors, compliance issues, and other tax concerns
- Tax Savings Review – Identification of missed deductions, credits, and tax-saving opportunities
- Written Recommendations – Clear summary of our findings and recommended next steps
- 30-Minute Review Call – One-on-one call to walk through your assessment and answer questions
* The $395 assessment includes review of your most recent personal tax return and one business tax return, if applicable. Additional business entities or tax returns are quoted separately.
Who This Is For
- Business owners – Your business has grown and you’re not sure your current setup still fits.
- S-Corp owners – You want to confirm your payroll, owner compensation, and distributions are being handled correctly.
- Real estate investors – You want to be sure depreciation, entity structure, and deductions are optimized to lower your taxes.
- Self-employed professionals and independent contractors – You want to know if you’re missing deductions or would benefit from a different business structure.
- Anybody looking for a second opinion – You suspect you may be overpaying or have mistakes on your tax return.
What We Commonly Find
Problems:
- S-Corp owners taking distributions without running adequate payroll
- Owner health insurance reported incorrectly or missed altogether
- S-Corp owner compensation that is either too high or too low
- Distributions taken in excess of basis, creating taxable gain
- QBI deduction calculated incorrectly or limited unnecessarily
- Prior year carryovers missed or never claimed – NOLs, capital losses, passive activity losses
- Entity structures that no longer fit the size or operation of the business
- Missing state or local registrations and filings that can trigger penalties
Opportunities:
- Entity or tax-election changes that could reduce taxes
- Advanced retirement plan strategies to further reduce taxable income
- Owner compensation restructured to improve the QBI deduction
- Accountable plan opportunities for owner-paid business expenses
- Depreciation and timing opportunities for equipment, vehicles, or real estate
- Cost segregation studies for rental and investment property
- Income and deduction timing between tax years
How It Works
1. Book and Pay
- Pay the $395 assessment fee and then complete a short intake form about your business and tax situation.
2. Send Your Documents
- We’ll send you a secure link to upload your most recent personal and business tax returns and recent financial statements.
3. We Review
- We review your returns, business structure, and financial statements to identify errors, compliance issues, and tax-saving opportunities.
4. Get Your Findings
- Within 10 business days, you’ll receive your written assessment, followed by a 30-minute call to walk through the findings and answer your questions.
What Happens Next
- After the Tax Strategy Assessment, you’ll know what needs to be fixed, where you may be overpaying, and what we recommend you do next.
- You can implement the recommendations on your own or work with us to put them in place.
- Your full assessment fee ($395) is credited toward any recommended advisory services within 60 days.