Smart Entity Structuring Results in Major Tax Savings – Local Fort Collins Business
A new client in Fort Collins came to us after completing the asset purchase of an existing body shop repair business. The original entity structure that their local business attorney had selected would have cost the new owners over $12,000 a year in self-employment and Colorado state franchise taxes. With our guidance, the client was able to save $60,000 over the next 5 years of operation.
Proactive Tax Advice Delivered – Northern Colorado Small Business
A successful eCommerce business owner in Fort Collins came to us after attending one of our tax strategy presentations given to the Northern Colorado division of her company. She felt that her business had outgrown her current bookkeeper and CPA. She felt that she was not receiving the smartest tax advice she ideally wanted. After performing an overall analysis of her small business’s setup we were able to convert her sole proprietorship into a different legal entity to provide enhanced asset protection, and additional tax savings as well as reduce her overall audit risk. We also changed the type of retirement plan she currently had and set up a plan that would allow her to take more medical write-offs. We were able to achieve a $20,000 tax savings in just the first year from what she would have paid had she kept her current structure in place.
Specialist Accounting Services for the Construction Industry
The construction industry faces its own unique set of challenges that many other industries do not. These include highly competitive bidding processes – all of which can vary a lot from contract to contract as well as insurance and bonding requirements and unique labor issues.
If you are a general contractor, subcontractor, residential developer, or own a business in the construction-related trades, you need an accounting firm that understands the needs of these types of businesses.
SJ Wick in Fort Collins Colorado Does.
Not only do we stay current on tax law changes affecting the construction industry but many of our tax and accounting professionals are members of national construction trade associations and are Certified Construction Industry Financial Professionals (CCIFPs).
We also maintain relationships with third-party professionals including real estate professionals, attorneys, and bankers, and prepare the financial documents needed to obtain financing from creditors, banks, suppliers, and bonding companies. And, if your goal is to increase profitability, you have come to the right place.
From Local Fort Collins Brick and Mortar Businesses to eCommerce Start-ups
Whether you are a small local business in the Fort Collins, Colorado area, or a digital e-commerce virtual start-up, intelligent informed tax planning can make or break your business. If you want to work with a CPA who will do more than just the minimum to get your taxes in on time you should consider working with SJ Wick. Basic and advanced bookkeeping, QuickBooks assistance, CPA, and tax services are all available to you with just a phone call.
Core services include bookkeeping, accounting, payroll processing, and tax advisory services. SJ Wick specializes in providing comprehensive bookkeeping services to small businesses. We offer flexible outsourced accounting plans tailored to your needs. Bill payment processing, expense tracking, form 1099 preparation, and monthly or quarterly reviews of key performance metrics.
Call SJ Wick CPA Services Fort Collins at +1 (970) 224-3366 or complete our CPA services contact request form and we will get back to you as quickly as we can.
Creating CPA Services in Fort Collins – The Road to Saving Taxes and Better Business Management
Steve Wick is a Certified Public Accountant in the state of Colorado. He is a Fort Collins CPA, as well as an advanced QuickBooks Pro Advisor and Instructor. As a small business owner himself, he is dedicated to educating and informing other small business owners on bookkeeping and accounting practices that help them be more profitable and grow faster.
