At White Oak CPA, our team takes a holistic and proactive approach to taxes.  We understand that planning is the key to successfully and legally reducing your tax liability.  We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income and improve cash flow.  Once your strategic plan is complete, we ensure your tax plan is successfully implemented and maintained. 

Tax Planning

Planning is the key to successfully and legally reducing your tax liability.  We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.  This is done through the proper selection, implementation and maintenance of your business structure and operations.  We will create a customized tax strategy, with a step-by-step action plan for you to implement your strategic tax plan.  

 

Here are just a few of the Tax Saving Strategies utilized:

  • Recommendation or review of taxable entity type for the business 
  • Splitting income among several legal entities in order to ensure income is properly categorized and taxed in the correct bracket.
  • Shifting income or expenses from one year to another in order to ensure income is being taxed at the lowest applicable rate. 
  • Deferring tax liabilities through certain investment choices such as pension plans and other similar retirement plans.
  • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
  • Maximizing the use of previously incurred losses for both ordinary and passive income.

Tax Maintainance

Once your strategic tax plan is complete, to ensure your tax plan is successfully implemented, you will want to utilize one of three tiered tax maintenance plans offered.

 

Here's what you can expect, based on tier:

  • Prescheduled one-on-one meetings to ensure that your strategic tax plan is on track.
  • Advice on and revision of your tax strategy as needed to make sure your strategic tax plan is optimal based on current tax laws and potential legislative changes.
  • Preparation of your Federal and state income tax returns so that you are always in legal compliance.
  • Monthly bookkeeping oversight of your financial statements so you have the management tools needed to make informed business and tax decisions.
  • Email question and answer sessions.
  • Prescheduled phone consultations.
  • Real-time bookkeeping service
  • Preparation of applicable independent contractor Form 1099s
  • Calculate and monitor specific key performance indicators ("KPI") for the business based on industry
  • Registered agent services
  • Full audit support