Starting a business is not easy. You already have enough to manage. But what about tax? Tax planning is important as your business out grows a simple LLC. With a LLC, generally, you will be paying more tax as income scales. What can you do to lower it, legally? In our opinion, this is where tax entity strategy is important. With clients, BMG Consulting & Tax looks at the financials and works with client to model out a strategic plan. 17+ years of real world experience makes a difference.

Another key thing, we do is a Resonable Compensation Study (IRS labor study) to help in the tax planning. All of this, helps you to determine the appropriate entity choice, saving thousands in tax. For instance, we had a client who had the potential to save 100K in tax going through our process. S corporations have benefts, but also limts; C corporations also have benefits and limits. Unfortunately, there is no cookie cutting approach to this, as all situations are unique. 

Message: it is important to work with a professional to save on tax. BMG Consulting  & Tax can help. We do IRS Reasonable Compensation Studies for tax planning and IRS audit proofing for S corps and C corps. Contact us. 623.219.6821 or info@bmgconsultingtax.com