Notice: Constant LLA_PLUGIN_URL already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 18

Notice: Constant LLA_PLUGIN_DIR already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 19

Notice: Constant LLA_PLUGIN_FILE already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 20

Notice: Constant LLA_PLUGIN_BASENAME already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 21

Notice: Constant LLA_DIRECT_ADDR already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 26

Notice: Constant LLA_PROXY_ADDR already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 27

Notice: Constant LLA_LOCKOUT_NOTIFY_ALLOWED already defined in /var/www/wp-content/plugins/limit-login-attempts-reloaded/limit-login-attempts-reloaded.php on line 30
Tax Planning – Page 3 – Camuso CPA Skip to main content Skip to search

Archives for Tax Planning

When Is the Last Time Your eCommerce Business Had A Checkup? Don’t Risk Your Financial Health.

Most people go to the doctor and dentist, at least annually, for a checkup regardless of their health status.

This is part of a long-term strategy for a long-term wellness and health.

The same routine should be in place with your CPA regarding your tax planning and finances.

This is part of a long-term strategy for a long-term strategy to maintain your financial health.

You need AT LEAST annual or quarterly check-ups on even the best designed and implemented tax plans.

Many people work closely with their CPA initially on their tax plan but fail to continue to refocus on this as years progress.

Do you want help with the tax planning process?

Schedule a one-on-one consultation.

Yes, many tax strategies once initially set can be left alone and still yield a benefit.

But many strategies may need to be revisited, readjusted or even added to based on new facts and circumstances that require check-ins with your CPA.

Also, keep in mind, the tax code is constantly changing creating new opportunities and challenges for you as a taxpayer.

Just last week I saved a client $15,000 by identifying a new tax credit opportunity for them related to the passage of the CARES Act.

We put together the original tax plan for this client almost two years ago before the CARES Act was in place.

These are the type of tax planning opportunities that can go overlooked if you have a consistent focus on your tax plan.

Do you have a structured check-in process with your CPA?

👇 I recorded a video going over this below

Do you want us to help you with the tax planning process?

We cover the following aspects of your business and more during the tax planning process:

✔️ Legal Entity Structure

✔️ Accounting Method Optimization

✔️ Sales Tax and Other Compliance Assessments

✔️Deductions

✔️ Retirement

✔️ Insurance

✔️ Legal Tax Loopholes

✔️ Recent regulatory change

✔️ Niche specific strategies

✔️ Advanced planning strategies

Strategies that put thousands of dollars back into your eCommerce business.

Schedule a one-on-one consultation.

Read more

One Tax Strategy = $36,600 In Yearly Tax Savings (eCommerce Case Study Included)

Taxes are one of your largest business and personal expenses.

I see way too many successful eCommerce businesses leaving thousands on the table every single year.

Like one client we recently worked with.

One specific income shifting strategy outlined below from the Tax Plan that we delivered to this client produced a yearly tax savings of $36,600.

Strategies that put thousands of dollars back into your eCommerce business.

Schedule a one-on-one consultation.

Tax planning is a system that is a structured by a proven process to assess your company and the tax code to pay the least amount of taxes as legally possible.

This is a separate process from tax preparation which is just focused on accurately and timely filing your taxes.

When I work with clients to create and implement a tax strategy, the result is legally reducing their taxes.

But this process includes several steps that actually help to reduce audit risk at the same time in order to protect your bottom-line.

👇 I recorded a video going over this below

Do you want us to help you with the tax planning process?

We cover the following aspects of your business and more during the tax planning process:

✔️ Legal Entity Structure

✔️ Accounting Method Optimization

✔️ Sales Tax and Other Compliance Assessments

✔️Deductions

✔️ Retirement

✔️ Insurance

✔️ Legal Tax Loopholes

✔️ Recent regulatory change

✔️ Niche specific strategies

✔️ Advanced planning strategies

Strategies that put thousands of dollars back into your eCommerce business.

Schedule a one-on-one consultation.

Read more

What Has COVID-19 Taught eCommerce Businesses About Money?

During times of economic uncertainty or severe downturns, it becomes key for business owners to focus on protecting their bottom-line.

You cannot afford to send funds to Uncle Sam that belong on YOUR balance sheet.

You need these funds to ensure that your business, employees and family survive and thrive.

Tax planning is key to ensure that you do not leave any money on the table.

What many business owners realized during COVID-19 is just how important taxes and accounting are for their business and financial future.

This was revealed by the tax and funding opportunities that became available with the passage of the Cares Act.

Even before the Cares Act, there are tons of opportunities to save thousands on your taxes.

Now we have even more strategies at our disposal.

Strategies that put thousands of dollars back into your eCommerce business.

Schedule a one-on-one consultation at the link below:

https://go.camusocpa.com/schedule-tax-planning-ss_ecommerce

Recently, working with an eCommerce business we were able to identify and capture over $15,000 of tax credits related to the Cares Act.

With just one strategy.

The $15,000 in tax savings doesn’t even include the rest of the tax planning opportunities available to the business as part of our tax planning process.

Many business owners realized that capturing these tax opportunities can make the difference in their business’s survival and cash flow.

Schedule a one-on-one consultation at the link below:

https://go.camusocpa.com/schedule-tax-planning-ss_ecommerce

There is a HUGE difference between tax preparation AND tax planning.

If you have not taken the time to work with you CPA on a comprehensive tax plan you are leaving thousands on the table.

EVERY YEAR.

Do not wait until tax season just to get a bill from your CPA or tax preparer.

When I work with clients to create and implement a tax strategy, the result is legally reducing their taxes, but the process includes several steps that actually help them reduce their audit risk at the same time to protect their bottom-line.

👇 I recorded a video going over this below

Do you want us to help you with the tax planning process?

We cover the following aspects of your business and more during the tax planning process:

✔️ Legal Entity Structure

✔️ Accounting Method Optimization

✔️ Sales Tax and Other Compliance Assessments

✔️Deductions

✔️ Retirement

✔️ Insurance

✔️ Legal Tax Loopholes

✔️ Recent regulatory change

✔️ Niche specific strategies

✔️ Advanced planning strategies

Schedule a one-on-one consultation at the link below:

https://go.camusocpa.com/schedule-tax-planning-ss_ecommerce

Read more

eCommerce Businesses Beware: The Costly Difference Between Tax Planning & Tax Preparation

The general public believes that when they go get their taxes completed, their preparer has helped them organize their life to pay as little taxes as possible.


But that’s NOT true.


There is a HUGE difference between tax preparation AND tax planning.

If you have not taken the time to work with you CPA on a comprehensive tax plan you are leaving thousands on the table.


EVERY YEAR.

Schedule a one-on-one consultation at the link below:

https://go.camusocpa.com/schedule-tax-planning-ss_ecommerce

Just the other day, I delivered a tax plan to an eCommerce business owner.


After we implement the tax strategies, we outlined in our tax plan, the business will save $36,600 on taxes.

EVERY YEAR.


That yearly savings reinvested back into the business or market at only an 8% return will yield $1,808,879 over the next 20 years.

The owner had mixed feelings. He was very happy about the tax savings.

But also very angry.


This is because they have been overpaying in taxes for at least the last 4 years!


That means they overpaid their taxes by at least $146,400. Before opportunity costs considerations.

Ouch.

Schedule a one-on-one consultation at the link below:

https://go.camusocpa.com/schedule-tax-planning-ss_ecommerce

👇 I recorded a video going over this below

How often do you talk to your CPA?

If the answer is once per year during tax season, you likely are overpaying in taxes.

Tax preparation is focused on summarizing your historical information to accurately and timely file your tax return to remain in compliance with the IRS.

Tax Planning looks at your current operations and future projections to determine aspects of the tax code that can benefit your business and reduce your taxes.

Tax planning requires speaking with your CPA well before tax season and on a consistent basis.

The simplest way to put this is that tax preparation is a historical process but tax planning is a forward looking process focused on future tax savings.

We cover the following aspects of your business and more during the tax planning process:

✔️ Legal Entity Structure

✔️ Accounting Method Optimization

✔️ Sales Tax and Other Compliance Assessments

✔️Deductions

✔️ Retirement

✔️ Insurance

✔️ Legal Tax Loopholes

✔️ Recent regulatory change

✔️ Niche specific strategies

✔️ Advanced planning strategies

Do you want us to help you with the tax planning process?

Schedule a one-on-one consultation at the link below:

https://go.camusocpa.com/schedule-tax-planning-ss_ecommerce

Read more

The Government Wants eCommerce Businesses To Pay LESS Taxes (Learn Why & How)

Despite common opinion, the government actually wants business owners to reduce their taxes.

The tax code is your map to wealth creation.

Yes, I understand that most people think Uncle Sam is there to take your profits and view taxes as nothing more than a sunk cost.

We all know the famous quote from Ben Franklin – “Nothing is certain but death or taxes.”

You only die once.

You file taxes yearly. This is the only certainty.

Not everyone pays the same amount of taxes.

Some pay $0 in taxes and make millions.

The key question is how much do you pay?

I recently delivered a tax plan to an eCommerce business owner.

Before they worked with Camuso CPA on their tax plan their prior CPA told them during their tax preparation last year that if they want to pay less tax then they should make less money.

This mindset disgusts me.

Don’t take these clichés from your CPA or advisor as truths.

After we implement the tax strategies, we outlined in our tax plan, this business will save $26,700 on taxes.

EVERY YEAR.

That yearly savings reinvested back into the business at only an 8% return will yield $1,319,592 over the next 20 years.

Do you want us to help you with the tax planning process?

Schedule a one-on-one consultation at the link below:

https://go.camusocpa.com/schedule-tax-planning-ss_ecommerce

👇 I recorded a video going over this below

The tax code is simply an incentive system for businesses designed by politicians.

A series of stimulus packages for businesses.

If the tax code was created just for you to pay taxes it would be 10-15 pages rather than 70,000+ pages.

How do wealthy businessmen and investors pay NO taxes while others just complain about this fact?

The short answer is because they work with highly qualified CPA’s to identify the tax opportunities within the 70,000 pages of tax code that ALLOW them to pay no tax.

The reason why the tax code is so complex is because there are thousands of tax incentives in the form of deductions, credits and deferrals that can save you thousands of dollars every year.

That’s all the tax code really is- a series of stimulus packages designed by politicians to provide cash flow to businesses that structure their operations strategically.

The tax code shows you how to reduce your taxes and amount huge amounts of cash flow.

If you ignore the tax code you do so at your own financial peril.

Camuso CPA is different than many CPA’s that focus on just preparing your taxes during March or April.

Yes, we can accurately handle your business and personal taxes.

But we also focus on significantly reducing your taxes and improving your profits with proactive strategies tailored to your business.

Do you want us to help you with the tax planning process?

We cover the following aspects of your business and more during the tax planning process:

✔️ Legal Entity Structure

✔️ Accounting Method Optimization

✔️ Sales Tax and Other Compliance Assessments

✔️Deductions

✔️ Retirement

✔️ Insurance

✔️ Legal Tax Loopholes

✔️ Recent regulatory change

✔️ Niche specific strategies

✔️ Advanced planning strategies

Do you want us to help you with the tax planning process?

Schedule a one-on-one consultation at the link below:

https://go.camusocpa.com/schedule-tax-planning-ss_ecommerce

Read more