Tax Advisory and Tax Preparation

For Small Business

Joel Lee - Tax Advisory and Tax Preparation For Small Business
Responsive, personal tax services and strategies, no matter how messy your books are.

For New Businesses

New Business Incubator

Complete program to take you from concept to reality.
  • Get your tax strategy started on the right foot
  • Start with a FREE Discovery session

For Existing Businesses

Business Success Package

Take control of your tax problems and spend less time doing taxes.
  • Be better tax educated and make better decisions
  • Get problems solved that have been keeping you up at night
Most businesses struggle to get their taxes done and don’t know what options there are to reduce their taxes. We help clients understand the best options for their taxes, and we do their taxes for them so they can take the worry and time spent out of their taxes.
Joel Lee
Founder, Tax Canny
Tax Preparation icon

Tax Preparation

Get your taxes done right. We are easy to work with and we promptly return your calls.

Tax reduction icon

Tax Reduction Strategies

We know how to help you find the opportunities to save on your taxes through planning.

About TaxCanny

Tax advisory and tax preparation for small business

We know you have better things than to do your taxes. We are tax accountants, and we are here to help.

We do more than tax preparation. We provide tax strategies to help you plan your business so you can minimize your tax bill.

We know most people don’t speak “tax,” so we explain your situation in a clear, easy-to-understand way. We have a streamlined process that enables you to get the answers you need. You get your documents to us through our simple, secure online portal.

Don’t stress out on your taxes. Get the help you need to avoid wasting your time on taxes, avoid penalties, always be compliant with the IRS, and relax as we take care of your taxes for you. We are detail-oriented and respond to your inquiries quickly. We will help you save money and stay on top of your taxes.

Certifications and Associations

Tax Advisory icon

Tax Advisory

We provide tax advice and strategy. We help you to plan your business in order to minimize your tax bill. Contact Us

IRS icon

IRS Rapid Relief

We will immediately take action to obtain a hold on collections. We will analyze every aspect and plan for the best outcome. Learn More

Tax Preparation icon

Tax Preparation

Dedicated to helping you get ahead and stay ahead. Contact Us

FAQs

Taxes are not easy to avoid, but many different strategies can help you minimize your tax bill. You are taxed at federal, state, and local levels. You are taxed as an individual for your personal income. If you have investments, they are taxed. If you a business owner, your business is taxed.

Your tax accountant can help you some when you are filing your taxes for the year. However, the best way that they can help is when you connect with them throughout the year so that they can help you guide your business so that you can plan to avoid taxes.

Find a tax advisor who is a tax accountant that can help you implement the tax strategies and tactics that will help you minimize the taxes you pay.

PROS OF SOLE-PARTNERSHIP

Cost.  It costs nothing to start a sole proprietorship.  With incorporation you have government fees and fees you need to pay to an accountant.

Paperwork

Less paperwork is one of the big advantages of sole proprietorship versus incorporation. Having a corporation brings with it extra accounting and paperwork. Corporations must maintain minute books and corporate bylaws. Other required corporate documents are register of directors, the share register and the transfer register.

 

PROS OF INCORPRATION 

Limited Liability

As a shareholder, unless you have given a personal guarantee, you are not responsible for the debts of the corporation.

Flexibility for taxes and tax planning

With a corporation, there exists the opportunity to pay shareholders salary, dividends or a combination of the two. Your spouse and/or children could be shareholders in your corporation giving you the opportunity to redistribute corporate income to family members with the lower incomes taxed at a lower rate.

Unlimited Life Span

A sole proprietorship is not dependent on the life of any one person.  It will carry on even if the shareholders die.

Year Ends

Corporations have the ability to choose their year end and not be restricted to a calendar year-end as you are with a Sole Proprietorship. This opens up the possibility of bonus deferrals. Choosing a year-end may be better for year-end paperwork filing should your business be busy at the end of the calendar year. By incorporating you can choose to have your year-end fall during a slow period.

The IRS catches many errors for you.  If you have made a small error, you may want to wait until the IRS has finished with the process of filing.  It’s often about 21 days.

 

If it’s a larger error, you should be more proactive.  An accountant can help you work through the best way to contact the IRS and address the issue.

Get the Expert,
Personal Tax Expertise You Need