Reid Limpert

In 2016, there more than 4,900,000 people working in the transportation industry in the United States. That means that there are a lot of transportation companies in the US, hauling all sorts of goods throughout our great country. At Tax Reduction Concierge, we use a few different tax strategies to help high-performing businesses reduce their …

Transportation Companies and Tax Reductions: What You Need to Know as You Grow Read More »

The term ‘employment tax’ can refer to more than 30 different items, according to the official site of the IRS. That alone can seem complicated, and this is before we get into every single state’s own tax structure. At Tax Reduction Concierge, we have various tax solutions to help your business decrease your tax liability …

Federal vs. State Employment Taxes: The Difference Read More »

The term ‘tax planning’ refers to the process of conducting a business in a way that reduces tax liability. In regular speech, it means finding the right way to pay the government less money. This aspect of business is often overlooked. That means that businesses are giving more to Uncle Sam than they have to. …

Business Tax Planning 101 Read More »

If you make more than $1 million per year, there is 6.21% chance that you will be audited. While this does not sound like much, this is nearly double the chance (3.62%) at which someone making between $500K and $1 million has. Those who are making north of $10 million face the most danger of …

5 Red Flags That Could Attract an IRS Audit Read More »

Let’s say you are in business and making all the right moves. You have your retirement plan. Every single year, like clockwork, you put money into your traditional IRA or 401(k). This is what you are supposed to do, after all. You are imagining sipping mojitos on the beach in Florida as you spend your …

The Top Five Ways You Can Avoid a Tax Bomb Read More »

The United States recently reduced the corporate tax rate to 21%, putting it more in line with international standards. In the best case scenario, a mistake on your taxes means that you spent more than you had to. The worst case scenario is an IRS audit, which can lead to headaches, fines, and even jail …

5 Mistakes Medium-Sized Businesses Make When Doing Their Taxes Read More »