Q-1:

Subject: Deparate for Good Advise

Hello, I am the Dir of Finance for a growing company.  We are an S Corp and can’t find things to help reduce taxes.  Can you help?

A-1:

There are far too many options to consider and possible scenarios that can be used to achieve your goals for me to even begin giving you specific advice via this medium.

You will need to work directly with an experienced tax pro who can analyze your unique circumstances. I wish I could help; but I already have too many clients to take care of; so we are still trimming back on the difficult clients and are not accepting any new ones at this time. 

Unfortunately, we don't have anyone to whom we could refer you. If you haven't already done so, you should check out my tips on how to select the right tax preparer for you. 

I wish I could be of more assistance; but I wish you the best of luck.  

Kerry Kerstetter

Q-2:

Thank you Kerri for your time, I was reading your pages and you seem to recommend the Tax Materials Inc.  Would this help my S Corp and help give us ideas to prevent using all my cash to pay my tax bills.

A-2:

The books from both TMI and QuickFinders are all excellent tax reference materials.

 As always, I must caution you that no book in the universe can substitute for the services of a qualified and experienced professional tax advisor.  You may get some ideas from the TMI and QF books, but you would be taking a huge risk if you were to try to implement it without the assistance of a tax pro.

I have used the analogy several times; but working in the tax arena is similar to medicine.  Anyone can buy a copy of the Physicians' Desk Reference book, but would be crazy to try to use it on your own to diagnose or treat an illness or disease. 

Good luck.

Kerry

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 7/12/2006 02:43:00 PM Send this post: