Using an MSO to Reduce Self-Employment Taxes: How It Works
How high-income professionals can protect their earnings and lower their tax burden through smart structuring. For many successful business owners and professionals, the rewards of entrepreneurship come with a heavy cost—self-employment tax. Whether you operate as a sole proprietor, partnership, or PLLC, much of your income is subject to the 15.3% federal self-employment tax, on […]
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 […]
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 […]