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Business Tax Strategy and Advising Michigan
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Business Tax Strategy and Advising
For Michigan Law firms, Medical and Dental Practices and Small Businesses
WCO Accounting does not submit business tax returns. We focus on the work that must happen before any return can be filed correctly. We maintain relationships with several tax specialists and/or work with our client’s preferred tax filer. We create clean, accurate financials, identify tax-saving opportunities, and coordinate directly with your CPA or tax attorney. This approach ensures your tax strategy is custom tailored, your documents are complete, and the results are optimal.
Tax Planning for Michigan Businesses
- Reduce your tax burden with proactive, year-round planning.
- Identify deductions specific to your industry and entity type.
- Time large purchases and expenses to improve your tax position.
- Review prior filings to spot missed opportunities and corrections.
- Structure income and expenses to legally reduce taxable income.
Business Tax Preparation Support
- Clean and reconcile all financial accounts before filing.
- Prepare tax-ready financial statements for your CPA or tax attorney.
- Organize supporting records for deductions and credits.
- Align financial reporting with Michigan and federal tax rules.
Tax Strategies for Law Firms
- Support Macomb and Oakland County law firms with industry-specific tax guidance.
- Track partner compensation, draws, and distributions correctly.
- Coordinate IOLTA trust accounting with your overall tax strategy.
- Improve cost recovery for court costs, research, and client expenses.
- Optimize expense categorization for maximum deduction benefits.
Tax Strategies for Medical and Dental Practices
- Review cost-per-patient or cost-per-case trends to inform decisions.
- Identify eligible deductions for equipment, technology, and improvements.
- Support payroll tax compliance and contractor versus employee classification.
- Organize expenses by department or provider to improve visibility and tax efficiency.
Quarterly Tax Reviews
- Estimate quarterly tax payments accurately to avoid penalties.
- Monitor changes in revenue, profit, and spending throughout the year.
- Plan ahead for upcoming tax deadlines and cash requirements.
- Adjust your strategy as your business grows or conditions change.
Sales Tax, Payroll Tax, and Compliance
- Assist with monthly and quarterly Michigan sales tax filings.
- Review payroll tax calculations and correct errors when they occur.
- Evaluate nexus and multi-state tax exposure when applicable.
- Prepare documentation needed for audits or state inquiries.
Year-End Cleanup and Preparation
- Reconcile all bank, credit card, and loan accounts before year-end.
- Reclassify expenses where necessary for accurate reporting.
- Generate the financial reports your CPA needs to file returns.
- Identify missing documentation, anomalies, or red flags early.
Ready to Strengthen Your Tax Strategy?
- Work with a local team serving Macomb and Oakland County businesses.
- Get proactive guidance instead of last-minute tax scrambling.
- Use clean, accurate financials to make better tax and business decisions.
- Contact us today to schedule your free discovery call.
Get the Business Tax Planning, Advising, and Savings you Deserve
At WCO Accounting, we combine real-world accounting knowledge with vast business experience to provide tax planning and advising for Michigan doctors, dentists, lawyers, and business owners. We serve law firms, lawyers, dental and medical practices, and small businesses in Auburn Hills, Bloomfield Hills, Troy, Rochester Hills, Clinton Township, Shelby Township, Sterling Heights, and Washington, MI.
Contact us today to schedule your free discovery call.
Let’s talk about what you need and how we can help.