Effective tax planning is necessary throughout the year and is a fundamental component in overall financial security. In addition to preparing your personal or corporate income tax return, Barbee Tax Consulting, LLC provides strategic solutions that reduce tax burdens and develop tax management plans using the most current incentives available to Orland Park residents and throughout the United States.
Building wealth requires a detailed analysis of your financial records to determine the tax implications of your investments and holdings. By structuring the most appropriate combination of assets within your portfolio, debt is reduced and income tax returns are optimized.
Barbee Tax Consulting, LLC planning services include several methods of financial structuring that minimize liabilities. Multistate businesses maybe able to reduce their state tax burden by evaluating their sourcing of services or tangible personal property. Businesses may also benefit from credits and incentives, Section 179 planning, manufacturing deduction, Section 83(b) elections for stockholders or other helpful techniques. Individuals may look to pension plan contributions, commonly missed deductions, credits, rent paid deductions , and examining taxexempt investment income. These are some of the strategies offered by Barbee Tax Consulting, LLC CPA’s that can help reduce taxes.
For an in-depth review of the many benefits to be gained through strategic tax management please use the inquiry form.