Taxes may lower your annual salary. Tax planning is a legal way to counteract and reduce your tax liabilities. It helps you utilize the government’s tax exemptions, deductions, and benefits to lower your tax bill. It requires business owners to consider both corporate taxes and personal taxation.

Tax planning is critical for business success in today’s volatile global economy. Hess Financial Solutions incorporates technology and business expertise to provide you with tax planning advice that will help you lower your future tax liability.

Tax Planning at Hess Financial Solutions

We help small-to-midsize business owners create and practice tax planning NJ strategies to lower tax liabilities and prevent unexpected tax surprises.

• Who We Work With: Small Businesses
• Service Description: Develop and implement a tax strategy to reduce or delay income tax obligations. We will also help increase the amount of money you keep for yourself and prevent unexpected tax payments at the end of the year. It could be carried out periodically, semiannually, or annually, depending on the needs and size of the company.
• Inclusions:
  
  • Review of existing:
    
    • Company Financials
    • Business Entity Selection
    • Tax Strategy (if any)
  • ● Development & Implementation of the following into your plan:
    
    • Estimated tax payments
    • Leveraging assets for creative expense deductions
    • Strategic deduction & income shifting
    • Utilizing investment vehicles for additional deductions
    • Recommending tax-exempt investment vehicles