Business tax planning
and preparation

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We handle your tax strategy.

20+ years of experience
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Business tax planning and preparation
Tax planning for small business owners

Tax planning for small business owners

Smart tax planning helps businesses grow and increase profit. Develop a strategic tax business plan to reduce your tax bill.

  1. Choose an optimal retirement plan.
  2. Carefully estimate your quarterly tax payments and defer taxable income if needed.
  3. Use all possible business tax deductions and a home office deduction.
  4. Maintain records of all your taxable income and business expenses in order.
  5. Explore tax credits, such as the Earned Income Tax Credit or the Child and Dependent Care Credit.
  1. Structure your income efficiently to minimize payroll taxes and benefit from lower tax rates on distributions.
  2. Claim the Qualified Business Income deduction (QBI).
  3. Strategically time income recognition and expenses to optimize tax liability.
  4. Consider fringe benefits, retirement plans, health savings accounts (HSAs).
  5. Explore available tax credits, such as research and development and energy-efficient property credits.
  1. Use tax deductions, credits, and incentives to lower your corporate income tax rate and maximize savings under the tax code.
  2. Carry forward losses to offset future profits.
  3. Deduct the cost of benefits provided to employees, such as health insurance and retirement plans.
  4. Carefully plan distributions to shareholders to minimize double taxation.
  5. Deduct contributions to eligible charities.
  1. Properly structure partner compensation and distributions to achieve tax-efficient outcomes.
  2. Structure profit and loss allocations properly to maximize your tax savings.
  3. Explore tax credits for your partnership depending on the industry and activities.
  4. Study tax advantages of each type of partnership and consider restructuring your business entity if needed.
  5. Maximize income tax deductions available to home-based businesses.
  1. Choose the most suitable tax classification for your LLC.
  2. Claim the Qualified Business Income (QBI) deduction.
  3. Study tax obligations and opportunities specific to your state or locality.
  4. If you pay taxes as an S corporation, structure your income efficiently to minimize payroll taxes.
  5. Take full advantage of deductions to significantly lower your LLC's tax liability.

Book your business tax
planning consultation

As a small business owner, you do not need to be an expert in tax law. TFX can develop a tax preparation business plan to help you keep more of your hard-earned money. Take a business tax planning consultation with a tax advisor.

What is included?

  • phone consultation with a tax professional
  • tailored tax planning strategies for your small business
  • tips to implement your tax prep business plan successfully
Tax planning consultation
+ quantitative scenario analysis
Book your business tax planning consultation

We will be your reliable partner for years to come
Proud long-term partner of small businesses in the US.
More than 90% of business owners working with TFX return year after year.

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Business entity structuring optimization

When planning your taxes, you may discover that choosing a more suitable business structure can help reduce your tax payments.

For example, if you are looking to grow your business, a C corporation is the most appropriate entity for you. Similarly, if you want to take your salary as a tax-deductible expense, then an S corp could be the way to go.

Talk to TFX tax professionals to choose the right entity structure for your business and pay less taxes.

Learn more
Business entity structuring optimization

Why choose TFX for business tax planning?

Personable tax service

+80 accredited and experienced CPAs, EAs and JDs take the reins of your case. Always on standby to help you.

Exceptional accuracy

Our supervisory team rigorously verifies each form, ensuring your tax documents are 100% accurate.

Smooth filing experience

User-friendly tax questionnaires and seamless communication. With TFX, small business tax planning is simple.

Top-rated tax preparation firm for small businesses

TFX customers appreciate our high-quality work, expertise explained in plain language, and outstanding customer experience. Working with our team of experts, you will always feel at ease.

50,000+ customers
  • TFX saved the day for me again this year.

    It is so very easy dealing with them, as they answer emails asap, make queries on anything I've missed, and in general, make me feel all around that I am in very competent hands.

    Marlene Torres-Skoumal view on Trustpilot

  • Worth every penny!

    This year, I did a little shopping around to see if I could get a better deal somewhere else. After just starting to try out other online questionnaires, I decided to stay with TFX as their forms are easy to fill out, I always get a quick response, and they are very helpful in answering my questions.

    Laura Rehm view on Trustpilot

  • TFX has made filling my taxes so easy.

    They helped me fix an issue I had with a previous tax return that I mistakenly completed myself saving $6,000. What more can I say, in this day and age of more and more complex tax rules it is best to leave it with the professionals.

    John Marty view on Facebook

  • Enjoying taxes, say what?

    The TFX system was organized, efficient, and clear. My tax preparer Rebecca was superb: intelligent, knowledgeable, swift with responses, patient with my questions, and caring. I will undoubtedly be working with TFX again next year.

    Emma Tuz view on Facebook

  • Greatly recommended.

    TFX did help me so much last year to sort out my difficult tax situation, that there was no question for me to have them file my taxes again this year. Again, they are awesome, I am so happy with my CPA Wendy, she worked with me above and beyond.

    Christine K. view on Google

Your hassle-free tax filing is our business

Save your time and energy for what matters most:
your customers, your employees, and your growth.
Partner with TFX to take care of your tax compliance.

Your hassle-free tax filing is our business

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276 5th Ave, St. 704,
NY NY 10001