I'm looking to speak consult with an accountant that specializes in reducing tax exposure. We have an S-Corp (US) that is reasonably profitable however, we're trying to determine if it's possible to keep pre-tax cash in the business so that we could apply it to future business expenses.
At the end of the year, all profit is currently passed through to the owners and taxed, even if we preferred to keep it in the business and utilize it for business related purchases the following year or down the road.
I'm hoping to consult with someone that can shed some light on best practices to minimize this kind of tax exposure (legally of course), whether simple or complex.
Posted On: June 03, 2018 01:24 UTC
Category: Accounting & Consulting > Accounting
Skills: Corporate Taxes, Tax Law, Tax Preparation, US Taxation
Country: United States
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