Tax Planning & Preparation

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The key to tax savings is working the BMH team throughout the year.

Planning is the key to successfully and legally reducing your tax liability.

Tax Planning & Preparation

Taxes are a fact of life and an integral part of our society. Whether big or small, all businesses have to deal with them, and it’s almost always more complex for a company than it is for individuals.

Don’t get lost in the numbers.

There are a great deal of factors and compliance to keep track of when calculating your business’ taxes, and tax laws, which are constantly changing and being updated, can be a figurative labyrinth for most people to navigate.  Our tax professionals have years of experience keeping track of tax law changes and how to ensure you don’t miss any important tax advantages for your business.

We recommend Tax Saving Strategies that help you…

  • 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.

Strategies we use:

  • Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
  • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
  • Using certain investments to produce income that is tax favorable from either federal or state or both taxing entities.
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Tax Preparation

Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.

  • Your tax return will be checked and rechecked by our team and computer software identifying potential problems the IRS may look at more closely.
  • Your tax return can be filed electronically so you will get a refund back quicker.
  • Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
  • We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year’s tax liability.

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Years of Combined Experience

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Years in Business

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Locations

SMALL BUSINESS ACCOUNTING

We all want our businesses to run as efficiently as possible, so we work smarter and not harder. A customized account management system that provides timely data gives company owners the information they need to run their business in the most cost-effective manner possible.

BOOKKEEPING

A successful business is like a well-oiled machine. At BMH Accounting, we offer bookkeeping services that keep your business running smoothly and effectively. Our financial experts play the role of detective in an effort to understand the businesses we assist and what drives their process.

PAYROLL SERVICES

The processing of payroll requires accuracy, time, and training for it to be done properly. The times of calculating hours worked and cutting checks has come to an end.

Bill Pay

This service allows you to organize all of your recurring bills in one place and pay them automatically. ... You can also use bill pay to make manual or one-time bill payments as needed.

CFO & CONTROLLER SERVICES

Chief Financial Officers (CFO) frequently assume the role of organizing and operating day-to-day functions, as well as general finances.

QUICKBOOKS SUPPORT

Accounting is one of the oldest recorded professions in human history, dating all the way back to 3300 B.C. As long as there has been business, business owners have needed to take stock of their assets and functions.

TAX PLANNING FOR BUSINESSES

Taxes are a fact of life and an integral part of our society. Whether big or small, all businesses have to deal with them, and it’s almost always more complex for a company than it is for individuals.

IRS AUDIT ASSISTANCE

Few things can be more stressful than receiving an IRS audit notice in the mail. What many don’t realize, however, is this can be a simple and straightforward process with the help of a qualified accounting professional.

Our Clients Include These & Many More

  • Auto Repair Centers

  • Contractors

  • Dentist Offices

  • Optometrists

  • Veterinary Clinics

  • Non-Profit Organizations

  • Electricians, & Plumbers

  • Dry Wall Installers

  • Restaurants, Pubs, and Bars

  • Professional Services Firms

  • Attorneys

  • Insurance

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