Tax Tips: A Short Story on Saving Thousands
At the start of 2018, a consultant was expecting to earn nearly $225,000 in revenue. While they had the expectations of a successful year, they were
also on-track for an unwelcome surprise come tax season with an approximate total tax of $58,200, an underpayment penalty of $320, and a balance due of nearly $38,520.
With the pro-active tax planning from Cornbelt Financial, LLC, whom clients have identified as a 21st century tax firm, this individual was able to reduce their income tax by $14,364 and have less than $1,000 due at tax season.
These tax savings resulted from using Cornbelt Financial, LLC tax planning
services, which identified tax reducing strategies including: business entity tax reclassification, the implementation of retirement savings, qualified business income deduction optimization, appropriate estimated tax payments, and identifying missed deductions.
While not all small-business owners are in the same financial position as this particular consultant, the opportunity for tax savings beyond the cost of services to achieve those tax savings are available with Cornbelt Financial, LLC.
Professionals who are able to benefit the most from our tax planning services include: Service-Based Business Owners, Independent Contractors & Freelancers, Solo-Entrepreneurs, Consultants and Practitioners, Real-Estate Agents and Brokers, Active Lifestyle Service Providers, Creative Service Providers (Photographers, Hair Stylists, Web & Tech, etc.), and/or Digital Marketers & Public Relations pros.
Therefore, if you’re a business owner who is overwhelmed with the amount of taxes you’re paying or frustrated with the lack of support your receiving from your professional services team (i.e. accountants, bookkeepers, advisors) let us educate you on how much value we can add to you and your business.
For more information, call Cornbelt Financial at 303.242.8821 or visit them online at http://www.cornbeltfinancial.com.