Business and Personal Taxation

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.

At CEO READY, businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend tax saving strategies that:

• grow and preserve assets by keeping Uncle Sam out of your pockets.
• defer income so you can keep your money now and pay less taxes later.
• reduce taxes on your income so you keep more of what you make.
• reduce taxes on your estate so your family keeps more of what you've made.
• reduce taxes on your gifts so you can give more.
• reduce taxes on your investments so you can grow your wealth faster.
• reduce taxes on your retirement distributions so you can retire in style.

A few of the tax saving strategies CEO READY may use to save you and your business at tax time include:

• dividing income among several family members or legal entities in order to get more of your income taxed in a lower tax bracket.

• shifting income or expenses from one year to another year (to achieve lower tax rates and larger expense deductions).

• deferring tax liabilities through certain investment choices (pension plans, contributions etc.).

• identifying investments that produce income that is tax-exempt from either federal or state taxing entities.

CEO READY's business and individual taxation expertise includes:

• accounting or bookkeeping software selection and use
• business sales and acquisitions
• business succession planning
• lease-buy decisions
• real estate sales and acquisitions
• projections, budgets, goals
• retirement planning
• inventory control systems
• equipment purchases and sales
• pension and profit-sharing plan considerations

Tax Preparation

Preparing your business or personal own income tax returns can be a task that leaves you with more questions than answers and less time to run your business. Federal, Michigan, and local tax laws and regulations are by definition overly complex and not easily applied by most business owners. It is easy to overlook deductions and credits to which you or your business are entitled.

Some of the personal and business tax preparation services offered by CEO READY include:

1. Personal and business tax returns will be checked and re-checked by our computer software identifying potential savings, additional credits, and IRS "alerts that the IRS may look at more closely.

2. CEO READY will review your personal and business tax returns internally, which may include business and industry comparisons and additionaly research by CEO READY staff.

3. All tax returns are filed electronically at NO CHARGE to clients, so you will get a refund back quicker and more reliably.

4. Payroll withholding may be adjusted in order to get more money back each week.

5. All clients receive a comprehensive report detailing potential deductions to limit your tax liability for next year. In addition, receive our most recent research particular to their business or industry.

Need to tidy up those corporate records?

If you own a small business and have neglected corporate record keeping and bookkeeping, CEO READY is here to assist you. We will assemble and prepare your bookkeeping for the tax year in question, prepare a full Schedule C, as well as your personal income tax return. And perhaps most importantly, we will help you choose and implement a bookkeeping or accoutning system that allows you to keep your books accuratley for the next tax year.

For more detailed information about how we can help your business, please contact us.