Tax planning for business owners & consultants

Build the business with intention. Plan the tax consequences.

Year-round tax strategy and advisory for owners and consultants connecting entity structure, compensation, accounting, retirement, cash flow, growth decisions, and personal wealth.

Schedule a Tax Planning Consultation →Get the Business Owner Tax Guide
One businessA connected owner strategy
Entity structure
Compensation & payroll
Books & cash flow
Retirement plans
Estimated taxes
Growth & exit
The planning difference

Your tax return reports the outcome. Strategy connects the business decisions that create it.

01

Your business tax strategy is determined by more than the entity name.

Structure, compensation, bookkeeping, payroll, retirement benefits, cash flow, and owner goals must work together.

01

Entity Selection & Elections

Evaluate LLC, partnership, S corporation, and other structures based on the business facts and owner goals.

02

Owner Compensation

Coordinate salary, distributions, draws, payroll compliance, benefits, and personal cash needs.

03

Books & Reporting

Build reliable bookkeeping, reconciliations, financial reporting, and tax-ready records.

04

Retirement & Benefits

Review retirement-plan and employee-benefit options within the company’s financial capacity.

05

Estimated Tax & Cash Flow

Project business and personal tax payments while protecting operating liquidity.

06

Growth & Exit Planning

Connect expansion, hiring, ownership changes, succession, and eventual sale decisions.

02

A business tax strategy should evolve with the company.

Quarterly checkpoints connect actual performance, owner compensation, tax payments, and upcoming decisions.

Q1JAN–MAR

Set the business baseline

Review the prior year, entity structure, books, payroll, cash flow, and owner priorities.

Q2APR–JUN

Review performance & payments

Compare actual results with projections and update estimated taxes and owner compensation.

Q3JUL–SEP

Model growth decisions

Evaluate hiring, equipment, benefits, expansion, financing, and entity changes.

Q4OCT–DEC

Close the year deliberately

Complete time-sensitive actions, clean the books, and prepare for filing and the next operating year.

The connected owner strategy

Every business decision reaches the owner.

Entity structure, compensation, accounting, cash flow, benefits, and growth decisions should be coordinated across both the business and the owner’s personal tax picture.

01Entity & OwnershipLLC, partnership, S corporation elections, ownership changes, and governance
02Compensation & PayrollSalary, distributions, draws, benefits, payroll filings, and reasonable compensation
03Books & ReportingBookkeeping, reconciliations, financial statements, tax records, and management visibility
04Cash Flow & TaxesProfit projections, estimated payments, working capital, purchases, and financing
05Retirement & BenefitsOwner and employee plans, contribution capacity, eligibility, and benefit design
06Growth & SuccessionHiring, expansion, new partners, ownership transition, valuation, and eventual exit
ForMyTax Field GuideThe Business Owner’s Tax Strategy Guide

Build a stronger framework for every owner decision.

A practical guide to entity structure, owner compensation, bookkeeping, payroll, retirement plans, estimated taxes, growth, and exit planning.

  • Entity and election review
  • Owner compensation
  • Bookkeeping and payroll
  • Retirement-plan options
  • Estimated tax planning
  • Growth and exit decisions
Explore Tax Guides
Browse practical resources for complex tax decisions.
Business owner and consultant · Washington, D.C.

One adviser connecting the business and personal picture.

As my consulting activity grew, I needed more than tax-return preparation. ForMyTax helped me think through business structure, compensation, estimated taxes, bookkeeping, retirement options, and the tax implications of future growth. I valued having one advisor who could connect the business and personal sides of my financial life.
Nick Gohad · Business Owner and Consultant
Business owner tax-strategy FAQ

Questions beyond the tax return.

An S corporation election can change how an owner is compensated and how certain earnings are taxed, but it also adds payroll, reasonable-compensation, filing, and administrative obligations. The decision should be modeled using expected profit, owner involvement, benefits, state taxes, and long-term plans.

Preparation reports transactions that have already occurred. Planning evaluates structure, compensation, purchases, retirement contributions, tax payments, and growth decisions before deadlines pass.

Yes. Reliable books and compliant payroll provide the information needed for projections, entity decisions, compensation planning, financing, and timely filings.

Yes. Business profit, compensation, retirement benefits, estimated payments, investments, real estate, and family goals often affect one another and should be reviewed together.

Ideally before forming or changing an entity, adding payroll, making a major purchase, hiring, bringing in a partner, launching a retirement plan, expanding, or selling the business.

Turn business growth into a coordinated tax strategy.

Schedule a conversation about your entity, compensation, accounting, cash flow, growth plans, and personal goals.

Schedule a Business Strategy Consultation →