Boost Profits and Keep Top Talent: The MSO Deferred Compensation Plan™ You Need to Know
Maximize Tax Savings and Retain Key Talent: The MSO Deferred Compensation Plan™ Every Business Owner Should Know About Introduction As a business owner, one of the biggest challenges you face is balancing tax efficiency with retaining key executives. Traditional nonqualified deferred compensation plans, while effective for C corporations, have been out of reach for pass-through […]
How the 15% Corporate Tax Rate Could Impact Your Business
Former President Donald Trump has proposed lowering the federal corporate tax rate from 21% to 15%, aiming to enhance the U.S. economy’s global competitiveness. This move builds upon the success of the Tax Cuts and Jobs Act (TCJA) of 2017, which reduced the corporate tax rate from 35% to 21%. The proposed cut is designed […]
Why MSOs Aren’t Classified as Personal Service Corporations
Introduction When structuring a business, especially in industries involving professional services, understanding the tax classification of your entity is crucial. A common area of confusion is whether a Management Services Organization (MSO) qualifies as a Personal Service Corporation (PSC) under the Internal Revenue Code. Generally, an MSO is not considered a PSC; however, there are […]
MSOs: Essential Insights for Accountants
If you’re an accounting professional or advisor to privately held businesses, the Management Services Organization (MSO) strategy may feel unfamiliar. This is a common reaction, but there are clear reasons why the MSO has remained under the radar. Understanding these reasons will not only help you gain confidence in the structure but also equip you […]
How MSOs Reduce Audit Risks and Boost Tax Efficiency
The Management Services Organization (MSO) is a well-established corporate structure that enhances operational efficiency, asset protection, and compliance. Unlike certain aggressive tax strategies flagged by the IRS, MSOs focus on legitimate business purposes and maintaining regulatory adherence. Properly implemented, MSOs not only avoid raising audit risks but may actively reduce them. This article explores the […]
Lower Your IRS Audit Risk: The Benefits of Filing a Tax Extension
Reduce Your IRS Audit Risk by Filing a Tax Extension Filing taxes can be a stressful time for privately held business owners, especially with the looming fear of an IRS audit. However, there’s a proven strategy to reduce your audit risk significantly: filing a tax extension. At Guardian Tax Consultants, we’ve researched this extensively, and […]
Tax Implications of Moving Employees Between Commonly Owned Entities
Moving Employees Between Entities: Tax Implications & Best Practices Moving Employees Between Entities: Tax Implications & Best Practices Understanding how to transfer employees between entities under common ownership while staying compliant with tax laws. Why Moving Employees Between Entities Isn’t Taxable Many businesses transition employees between entities to streamline HR, payroll, and benefits administration. Under […]
Prevent a $10.5M Loss: Essential Tax Planning Strategies
For business owners, the cost of inaction can be staggering. Meet a 58-year-old privately held business owner of a thriving technology services company with 22 employees. Like many business owners, he was unaware of the tremendous financial risk he had, as he was losing millions of dollars each year to inefficient tax structures. Over five […]
Mutual Commitments: Ensuring Success Together
Our commitment to you: 1. Commitment to Advice and Compliance: Commitment to advice and compliance that adheres to established standards and guidelines, ensuring compliance, accuracy, and strategic alignment to protect both advisors and their clients. 2. Enhance Your Reputation: We will ensure you look professional and successful. 3. Client Relationship Protection: Your client relationships are […]
Partnering with GTC: Elevate Your Advisory Firm’s Success
Why Advisors Should Plug Into Our Platform: Firm Growth: Grow your firm in ways not possible on your own. Attract High-Profile Clients: Gain entry to influential clients that enhance your firm’s success. Deepen Client Relationships: Strengthen and solidify your existing client relationships. Profitability for Your End Client: Deliver strategies that may increase profitability for your […]