Proactive Tax Planning
Tax planning focuses on decisions that can still be changed before a return is filed. CPA of Denver works with individuals and business owners to estimate liabilities, identify opportunities, and avoid preventable surprises.
Planning Topics
- Quarterly estimated tax payments
- S corporation compensation and distributions
- Retirement plan contributions
- Entity structure
- Capital gains and losses
- Real estate transactions
- Equipment purchases and depreciation
- Charitable giving
- Multi-state activity
Planning That Connects to Compliance
Because planning and return preparation are handled together, recommendations can be implemented consistently and reflected correctly on the filed returns.
Frequently Asked Questions
When should tax planning begin?
Tax planning is most effective before the end of the tax year, although planning can be useful at any time when income, ownership, or business activity changes.
Related Tax Services
- Individual Tax Preparation (Form 1040)
- S Corporation Tax Return Preparation (Form 1120-S)
- Estimated Tax Planning
Ready to Get Started?
Schedule a consultation with CPA of Denver to discuss your individual or business tax filing needs.
Tax Planning for Denver Business Owners
Business-owner tax planning may involve projecting current-year income, evaluating salary and distributions, estimating federal and Colorado payments, reviewing retirement contributions, timing equipment purchases and considering the tax consequences of significant transactions before the year closes.
For owners of partnerships and S corporations, planning should also consider the interaction between the entity return and the owner’s Form 1040. Schedule K-1 income, basis, distributions and estimated payments can create unexpected tax liabilities when they are reviewed only after year end.
Year-End and Quarterly Tax Projections
A projection can be updated during the year as business income, investment gains, real estate activity or other circumstances change. The objective is not simply to estimate the final balance due, but to identify decisions that can still be changed and to coordinate withholding or estimated payments with expected federal and Colorado liability.
Clients primarily needing payment calculations can review our quarterly estimated tax planning service.