2011 Tax Deduction In 2012??

Ok, so your small business had a really good 2011; sales were up, profits were up; you and your wife still get along. Having a good profit for the year is a double-edged sword: you have more money in the business checking account, but now Uncle Sam and Bobby Jindal are going to want a fairly hefty share of those profits!  It's too late to take any 2011 tax dedeuctions in 2012, right?  Not correct.

There are several tax-saving options available to you now, even though 2011 is over.  A big one available to you right now is your retirement plan if you did not contribute in 2011.  A SEP/IRA is a great way to sock money away for 2011 in 2012.  You can have one of these even if you had no employees in 2011.  With a SEP/IRA you don't have to pay a third party administrator like you would a 401(k).

Determining the proper retirement plan for you and your business is crucial.  Don't place all of your trust in the financial retail houses or banks to do it for you.  Trust an independent firm with over 25 years of experience in areas of  tax-savings plans, tax planning, and guaranteed financial products.

Look in the "Testimonials" area of our website and see what we have done for other small business clients just like you.  Email us or give us a call today for a free, no-obligation review of your 2011 tax picture.

TO LLC OR NOT LLC??!!

TO LLC OR NOT LLC, that is the question.  LLCs are becoming a more popular form of business structure (especially in Louisiana) for businesses.  But you have to be careful that you do more than just go to the attorney’s office to sign paperwork.

You have to make sure you understand the tax ramifications of forming an LLC.  If you are not careful you could pay more than 33% tax on any profits at the end of the year.

LLCs can be taxed a either a: (1) a super sole-proprietorship, (2) partnership, (3) CCorp, or (4) SCorp.  Which form you choose has a huge impact on your taxes at year-end. 

IRS gives you relief should you, for example, formed your LLC in 2011 as a pure LLC, but later you would like your tax treatment to be more favorable.  You guessed it.  You need to file another form. And IRS gives you up to 24 MONTHS to file provided the right language is used on the form.

Correctly set up, an LLC can have a great positive impact on you and your business.  Properly maintained an LLC can shelter your personal assets from lawsuits, and is exempt from paying Louisiana franchise tax.

 

This information is brought to you by Rabalais Business Consulting and Wayne Rabalais. This firm is a BBB accredited service provider. Wayne Rabalais has been in business over 25 years, and sits on the NFIB Louisiana Leader Council.  You can reach Wayne at 337-981-2577 or by email at wayne@rabbiz.com 

OH, NO IT'S TAX TIME!!!

We are now in the thick of the 2011 tax season. Here in Louisiana we had lots of activity that will impact our 2011 taxes.  Do you know what they are and how they can affect either your business and/or your personal tax returns? 

Here at Rabalais Business Consulting your small business is big business to us.  We specialize with working with the small business, the "mom and pop".  We can help you get your paperwork organized, make sure your taxes get filed correctly and on time, give you on-going tax savings advice during the year.   We also do small business loans and offer safe,secure retirement products.

Yes, we are in the thick of the 2011 tax season, but you still have time to greatly impact how your 2011 taxes will pan out.  How? 

Give us a call for a free, no-obligation tax review.  At the review, we look at your past 3 years' personal and business tax returns in strictest confidence. From our more than 25 years' in working with small businesses like yours, we can just about guarantee that you left money on the tax table; especially if you used one of the big box tax prep chains.

Contact us today to schedule your free tax review, and get your 2011 tax season started right!

December Tax Planning??

One night in December you flip the television off at 10 PM and decide to get a head start on your taxes. Problem is, your small business paperwork is either on the dashboard of your truck or stashed in a box somewhere in the attic.  Don't worry, even if you could get your hands on your paperwork you can't do tax planning in December.  It's too late.

So right now, while you're thinking about it, call Rabalais Businesss Consulting.  The small business specialists at Rabalais Business Consulting understand how planning during the year helps you sleep better at night.  They'll show you affordable and easy ways to organize your paperwork, send in the proper forms to the IRS and to Louisiana, on time, respond to "ugly mail" from government agencies, provide advice all year, and prepare your tax forms at the end of the year.

After all, you'll have better things to do in December than worry about what you should have done today. Call Rabalais Business Consulting at 337-981-2577 for a no-cost, no­ obligation review.  Or visit us on-line at www.rabbiz.com.  Rabalais Business Consulting, we are the small business specialists.

You don’t have to be on the edge about small business problems anymore.

SAFE MONEY

Introducing a new service to our clients: SECURE FINANCIAL ALTERNATIVES, INC.  This company was formed in response to our clients’ needs of finding a “safe’ home for their assets, while safely reducing their tax burden. 

“Safe Money”, especially when discussing IRAs, 401(k)s, 403(b)s, Pension Plans, etc, meansGUARANTEED PRINCIPAL; NO NEGATIVE RETURNS, and OPPORTUNITIES FOR SAFE GROWTH.   

In the past few years’, millions of investors have seen dramatic declines in their financial portfolios. These declines came about due to many factors in the stock market.  Many of those investors are still not back to their original investment level. 

What do you do?   Where do you turn for alternatives?  Who can you trust?  SECURE FINANCIAL ALTERNATIVES, INC. is managed by financial and tax professionals who each have over 25+ years in successfully helping people find safe solutions to their financial performance problems. 

The first step is contacting us by email: wayne@rabbiz.com or by phone at 337-266-5433 for a visit. There is no fee charged for this visit. 

“Safe Money” is not just a term with us, it’s what we do.