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Tax Planning & Compliance
For Business

The benefits of strategic business planning

While it’s tempting to jump into the tactics of starting and running your business — deciding on a name, crafting marketing materials, building a stellar team — it’s wise to begin every business venture with a solid strategic business plan. It may not sound exciting, but effective business planning can mean the difference between success and failure. A well-considered and expertly-drafted business plan can keep you on track financially and prepare you to make the most of every opportunity that comes your way.

Google “What’s in a business plan?” and you’ll be rewarded with pages of catchy phrases like “the 10 components of a business plan,” “the 5 keys to a business plan,” “the 3 main purposes of a business plan,” and so on. A better approach is to call the business planning experts at Grasmeier Business Consulting. We will take a measured and customized approach to your business, guiding you in goal-setting, market analysis, organization and management, financial projections, funding requests, etc.

We’ll also discuss succession planning, a vital but often overlooked part of a successful business plan. Solid succession planning begins when your business does, even though its main purpose is to provide a smooth transition to a new owner at a much later date. It can drive the growth of your business, reduce your tax burden along the way, and provide for your eventual retirement.

Deciding on your new business structure

One of the first decisions you’ll need to make as a new business owner is determining the corporate structure of your business. C-corporation or S-corporation? LLC or partnership? The corporate structure of your business has both ownership (control, risk) and tax implications. Our expert advisors are skilled in assessing both.

The benefits of tax planning for businesses

Entrepreneur or veteran executive, start-up venture or established company — all businesses and the leaders who run them can benefit from expert advice on business tax planning and compliance. It is the ever-changing landscape of business tax law that determines the need for vigilant tax advisors. Attuned to current requirements, the business tax experts at Grasmeier Business Consulting can ensure your local, state, and federal returns are filed correctly and promptly. 

Are you liable for sales tax or use tax? Or both?

You know the old saying — “the only two things certain in life are death and taxes.” Truer words were never spoken. With regard to business you may be responsible for collecting sales tax. Or you may be required to pay use tax. Or you may encounter situations where you need to do both! How to know? Contact the business tax experts at Grasmeier Business Consulting. An experienced tax specialist can save you time, trouble, and money by accurately reporting your tax liabilities.

Growing your company means growing your payroll – and your payroll taxes

In this short discussion about business tax and compliance we’ve come back to where we started — strategic business planning. Nobody starts, buys, or runs a business without planning to turn a profit. Growth usually means adding staff, which means adding payroll taxes to the list of tasks you must keep up with and plan for. Trust our business tax experts to offer advice based on their in-depth knowledge of current payroll tax law and procedures.