Tax Planning
Business tax planning services from BEG cover two needs for established, profitable companies. Credit Recovery amends open prior years, usually the last three, to claim R&D tax credits your preparer missed. Forward Tax Planning puts next year’s strategy in writing before the year starts. Licensed tax professionals review every position with your CPA. It starts with a 15-minute call. Fee: a share of verified savings.
FeeA share of verified savings, set before work begins. The first review costs nothing.
If there is nothing there, we say so and stop. Under five years old? See Payroll Credits.
Tax services are provided by licensed tax professionals under a separate engagement agreement. BEG does not provide tax advice.
Two Services. One Contact.
Paid tax in the last three years that a credit should have offset?
We review your open years, find credits your preparer did not claim, and file the amendments. Refunds on the back years, a lower bill on the current one.
See Credit Recovery →Profitable, and your tax bill is a surprise every April?
A written plan for the next twelve months: entity structure, owner compensation, retirement design, real estate, timing. Reviewed by licensed tax professionals before anything is implemented.
See Forward Planning →What It Costs to Wait
Three of them decide what you can still recover or plan.
A refund claim is generally due within three years of filing the original return. Every year you wait, the oldest open year and its credits close for good.
Most planning has to be in place before the income is earned. Entity elections and some retirement plans carry their own deadlines, and once the year closes, most options close with it.
Estimates set on last year’s numbers overpay in a down year and leave a large balance due in an up year.
Credit Recovery
Usually, for about three years. Many preparers do not run an R&D credit analysis because it is specialized work outside a normal return. Open years can be amended and the tax recovered. Closed years cannot.
We pull the last three filed returns, confirm which years are still open, and screen each one for qualifying work. If there is nothing there, we say so and stop.
One study covers every open year. We document the projects and wages, prepare the amended returns, and have every position reviewed before filing. Your CPA reviews too, or signs, as you prefer.
Refunds come on the amended years. The current year claims the credit on the original return. From then on it is an annual line item, not a recovery project.
Forward Tax Planning
A written plan for next year’s tax bill, built before the year starts. It says what you will do, when, and what it changes, reviewed by licensed tax professionals and coordinated with your CPA before anything is implemented.
Why This Is Different
“I like my CPA. I do not want to switch.”
Good. Keep them. Strategy and compliance are different jobs. We build the plan, your CPA files the return, and both are in the room when a decision is made.
“Advisors bill me to tell me things I cannot use.”
Recovery and planning are priced as a share of verified savings, after the savings are real. If a strategy does not apply to you, it is not on the plan or the invoice.
“Tax strategy sounds like a nice word for aggressive.”
Every position is reviewed by licensed tax professionals and documented before it is implemented. If it does not hold up on review, it does not go in the plan. Boring on purpose.
Who This Is For
Too established for the payroll election, but your people still solve technical problems. The credit did not go away. It moved to income tax.
Under five years? See Payroll Credits →Consistent profit, a growing bill, and a CPA who is excellent at filing but not paid to plan.
Preparation records what already happened. Planning decides what happens next, before the income is earned. Your CPA keeps preparing the return. The plan tells them what to prepare for.
Generally three years from the date the original return was filed. The exact window depends on when each return was filed and whether it was extended. The review confirms which years are open before any work begins.
The federal R&D credit, because it takes a specialized study outside a normal return. The review also screens for state credits that fit your facts.
No filing is audit-proof. Every position is reviewed by licensed tax professionals and documented to examination standards before it is filed, and positions that do not hold up on review are not filed.
Yes. Your CPA reviews every position before it is filed, or signs the amended returns, as you prefer. Nothing is implemented without them.
Before the year starts. Most strategies have to be in place before the income is earned, and some elections have deadlines early in the year. A plan built in December has far fewer options than one built in January.
Your last two filed business returns, plus personal returns if the business is a pass-through. Nothing to send ahead. We walk through them together on the call.
Credit Recovery and Forward Planning are priced as a share of verified savings, set in the engagement agreement before work begins. There is no charge for the initial review.
If there is money in the open years or room in next year’s plan, you get a written scope and fee terms before any work begins. If there is not, we say so and stop.
Usually, yes. Companies under $5 million in gross receipts with five or fewer years of revenue can use the R&D credit against payroll tax. See Payroll Credits.
No. Tax planning stands on its own. If BEG also runs your payroll, the wage data a credit study needs is already on hand.
Licensed tax professionals at BEG’s tax partner, under their own engagement agreement. BEG does not give tax advice. Your BEG contact stays your single point of contact.
Ready?
Start with a 15-minute call. If there is money in the open years, we say where. If your plan is already tight, we say that too.
Tax services are provided by licensed tax professionals under a separate engagement agreement. BEG does not provide tax advice.
