All Tax Services
Tax compliance and, even more importantly, tax strategy differentiates proactive business leaders. Taking advantage of tax credits or tax planning techniques doesn't just give you a lower tax bill.
Tax strategy gives you a competitive advantage.
As a matter of context, consider a few figures from the Tax Foundation
The average Individual making $100,000 - $200,000 per year pays 21.6% of their income in Combined Federal Taxes. At an income of $100,000 - you are statistically likely to pay $21,600 in federal taxes each year.
For individuals owning or invested in C Corporations, that income is subject to double taxation - the business pays taxes of 21% federally first. On average, the combined rate of Corp and individual taxes comes to 47.47% (federal and state together). That means on business income of $100,000, you as the owner would receive $52,530.
Finally, for many small businesses, establishing a pass - through business entity (S Corporation, Partnership, or Sole Proprietorship) has been convenient or prudent. Still, pass - through businesses face marginal tax rates of 47% in Pennsylvania and almost 50% in other states (combined federal, state, and local taxes).
Taxes are not easy. However, they are expensive. A proper tax strategy can help you leverage your income to invest in employees, equipment, and growth. In turn, you can make your business more competitive and focus on building wealth. At Butrica Ployd, we believe that a tax strategy is worth investing in. From our expertise, taxes high cost makes the Return on Investment is worth it every time.
Learn more about our tax services and call our office to discuss first steps.