The past few weeks, President Obama has refocused national attention on his proposal to lower the tax rate for corporations from 35% to 28%. Regardless of the directions the negotiations take, Brian Stoner, a CPA based in Los Angeles, California has serious advice for small business owners.
Those critical of President Obama’s proposal argue that it does nothing to help small business owners.
That’s because most small businesses are structured as pass-through entities so the business owners pay taxes as part of their personal income taxes and not as a corporation.
“Small business owners must constantly adapt to changing taxation and accounting rules,” says Stoner. “My goal is to tailor my accounting, tax preparation, tax planning, and other financial services to each individual and business owner’s unique business situation.”
The U.S. Small Business Administration points out that nearly 90% of small business owners use paid professionals to prepare their tax returns. However, most small business owners don’t use expert tax advice throughout the year. “Business owners who don’t consider the tax consequences of their decisions throughout the year are very likely paying too much in taxes,” explains Stoner.
Stoner has been a licensed California CPA since 1980. He provides comprehensive individual and business tax preparation, planning, and accounting services.
Stoner’s view on how professionals should provide services has made him very popular. He hates taxi drivers – not them personally, but for their practice of starting the meter as soon as you get in the cab. That’s why he offers a free consultation so that he can get to know his clients before begins working for them and provides a flat fee for this reason.
To learn more about Brian Stoner, visit his website at BriantStonerCPA.com and read his blog Brian’s Financial and Tax Musings.
About Brian T. Stoner, CPA
For more than 30 years, Brian Stoner, CPA has been providing expert tax services to small businesses. His firm provides tax planning ideas to help small business owners minimize current tax obligations and create the right tax plan.
Those critical of President Obama’s proposal argue that it does nothing to help small business owners.
That’s because most small businesses are structured as pass-through entities so the business owners pay taxes as part of their personal income taxes and not as a corporation.
“Small business owners must constantly adapt to changing taxation and accounting rules,” says Stoner. “My goal is to tailor my accounting, tax preparation, tax planning, and other financial services to each individual and business owner’s unique business situation.”
The U.S. Small Business Administration points out that nearly 90% of small business owners use paid professionals to prepare their tax returns. However, most small business owners don’t use expert tax advice throughout the year. “Business owners who don’t consider the tax consequences of their decisions throughout the year are very likely paying too much in taxes,” explains Stoner.
Stoner has been a licensed California CPA since 1980. He provides comprehensive individual and business tax preparation, planning, and accounting services.
Stoner’s view on how professionals should provide services has made him very popular. He hates taxi drivers – not them personally, but for their practice of starting the meter as soon as you get in the cab. That’s why he offers a free consultation so that he can get to know his clients before begins working for them and provides a flat fee for this reason.
To learn more about Brian Stoner, visit his website at BriantStonerCPA.com and read his blog Brian’s Financial and Tax Musings.
About Brian T. Stoner, CPA
For more than 30 years, Brian Stoner, CPA has been providing expert tax services to small businesses. His firm provides tax planning ideas to help small business owners minimize current tax obligations and create the right tax plan.