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TAX PLANNING FOR
Small Business Owners & Independent Contractors

Having a small business or doing independent contractor work means you do not have any upfront taxes taken out of your earnings.  As an independent contractor/small business owner, you pay taxes on the net profit generated for that tax year.  Self-employment tax is 15.3% of your net profit, and if you are a single member LLC/Sole Proprietor, you get taxed AGAIN on ALL income sources at the income tax bracket.  As a result, you may end up paying 20-40% in TAXES. Therefore, tax planning is crucial for independent contractors/small business owners as you want to pay the least amount of taxes.

Tax Planning Packages Include the following:

  • 45min Quarterly Calls: to discuss any financial issues that could impact your taxes and to put a strategy together to minimize your tax liability. 

  • IRS Monitoring: we will monitor your IRS account to be proactive in the event the IRS sends you notices.  Being 1-step ahead of the IRS could save you penalties and fees. 

  • Paycheck Analysis: analysis that is typically done in July to examine your withholdings and other income to forecast your potential tax liability

  • W4 Guidance: Effective 2021 changes were made to the W4, and together we can complete it to provide the best tax liability solution for you

  • 1099 prep: Creating 1099 for contractors. Up to 5 individuals

  • *Tax Preparation: Filing your Personal Federal Tax Return( 1040), Business Tax Return( Schedule C, and/or 1120S(S-Corp), 1065( Partnership)) and State Return

  • Payment Plans available*750 Deposit required upon onboarding.

Who We Serve:

  • Therapists – mental health, art, etc

  • Consultants – health, financial, general, etc

  • Web Designers

  • Interior Designers

  • Construction contractors/owners - Painting, Drywall, General Construction, Plumbing, etc.

  • Realtors

  • Ride-Share Drivers (Uber, Lyft, DoorDash, etc)

  • Multi-Level Marking (MLM) – Credit Repair, Beauty, etc

Start-Up Business

For independent contractors and small business owners that have gross revenue of $0-$49,999.

In addition to Base Services:

Small Business Best Practices: details on all the preliminary steps needed to start and/or maintain your business so you can continue to grow and develop good habits 

Rates start at $1000

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Growing Business

For independent contractors and small business owners that have gross revenue of $50,000-99,999$

In addition to Base Services:

Small Business Best Practices: details on all the preliminary steps needed to start and/or maintain your business so you can continue to grow and develop good habits 

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Rates start at $1500

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Establish Business

For independent contractors and small business owners that have gross revenue of $99,999-199,999$

In addition to Base Services:

Small Business Best Practices: details on all the preliminary steps needed to start and/or maintain your business so you can continue to grow and develop good habits 

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Rates start at $2200

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Complex Business

For independent contractors and small business owners with gross revenue of $199,999++.For independent contractors and small business owners who have an LLC that is taxed as an S-Corp. For Partnerships*.

In addition to Base Services:

Small Business Best Practices: details on all the preliminary steps needed to start and/or maintain your business so you can continue to grow and develop good habits 

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Rates start at $3300

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 Let Us Help You And Guide You
On Legally Minimizing Your Tax Liability.

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