Tax Coordination, Planning & Strategy

Tax Coordination Support

Accurate and organized books are the foundation of a smoother tax filing process. Books & Profits keeps your financial records current and helps coordinate the information your tax professional needs for business and individual tax preparation.

Our team can help organize financial reports, supporting schedules, expense information, payroll records, and other accounting details needed by the CPA or Enrolled Agent preparing the return.

Proactive Tax Planning & Strategy

Tax planning should not begin only when it is time to file a return. Through our trusted tax advisory partners, clients can access proactive tax planning designed to identify potential tax-saving opportunities and evaluate the tax impact of important business and financial decisions.

Our goal is to help connect the day-to-day accounting with year-round tax strategy so business owners can make more informed decisions before important deadlines and transactions occur.

Areas of Support

• Business and individual tax preparation support
• Proactive tax planning and tax strategy
• Year-round tax advisory support
• Business entity and structure considerations
• Tax planning related to business growth and major purchases
• Retirement and business-owner tax planning considerations
• Tax impact of significant business decisions
• IRS and state tax notice coordination, when appropriate
• Coordination between bookkeeping, financial reporting, and tax professionals

A More Connected Financial Process

When bookkeeping, financial reporting, and tax planning are handled in isolation, important information can be missed. Books & Profits remains involved in the accounting relationship and works with the appropriate tax professional when specialized tax expertise is needed.

This approach gives clients one central accounting relationship while still providing access to the specialized tax knowledge required as their business and financial needs become more complex.

Business Financing & Loan Readiness Support

If you are preparing for a business loan, line of credit, equipment financing, or other financing opportunity, Books & Profits can help organize and review the accounting information commonly requested by lenders.

Our team can help prepare current financial reports, review balance-sheet accounts, organize receivables and payables, maintain debt information, and coordinate requested financial information with your lender, CPA, or tax professional.

Note: If a lender requires a CPA compilation, review, audit, or other assurance service, Books & Profits will coordinate with the appropriate licensed professional.