The team of tax professionals were able to achieve significant tax savings for the owner with an R&D tax credit which his CPA had not taken advantage of. Our team of tax professionals worked closely with his CPA so that past tax returns could be refiled to increase the savings from the application of the R&D tax credit.
Business owner had previously used our team of consultants to improve her operations and her profitability. Now that she was making more money, she wanted to reduce her taxes. Her CPA and banker told her she should “buy more equipment.” The owner said that “this didn’t make sense to me” so she brought in our team of tax experts who developed a comprehensive tax plan that saved both her and her employees a significant amount in taxes.
Progressive Sheet Metal is a full-service metal fabrication company that offers state of the art laser cutting, turret punching, CNC forming and assembly. The company offers design, development, prototyping, assembly and contract manufacturing.
“When the consultants came to me, they came to me with three things that I should look at. One was tax planning, one was estate planning and the other one was liability to the company. I felt that I paid good money over the years for experts locally and I felt it was time another set of eyes should look at all those things. It was comforting for me to have the consultants do that and come back to with suggestions. They gave me several ways to save money on taxes. I have implemented some of those and I am very grateful for that. When the economy improves or goes down, I got those at my beck and call to use.”