So often, the only thought going through a business owner's mind is how they can reduce their taxes. While this is a worthwhile goal, having proper accounting and financial statements goes well beyond just the tax implications. There are owners out there who do their own taxes each year, show the absolute minimum profits possible, and then find themselves in a very bad position when they need additional financing or want to sell the business.
Our goal is to help set you up for success not just with the IRS but with your bank and any future investors as well. We can help you determine how much salary you should be paying yourself and how much you should be taking in distributions so that your financial statements reflect a healthy company that a bank or an investor would want to put money into.
