Client Profile: John and Maria run a successful small business specializing in handmade crafts. Despite their profitability, they were concerned about high tax liabilities eating into their profits.

Challenges:

• Limited understanding of available tax deductions and credits.

• Difficulty in tracking and categorizing business expenses.

Solution:

• Our team conducted a comprehensive review of their business operations and financial records.

• We identified overlooked deductions and credits, including those related to home office expenses, equipment purchases, and business travel.

• Implemented a streamlined system for expense tracking and documentation.

Results:

• By leveraging available tax deductions and credits, John and Maria were able to significantly reduce their tax liability.

• They saw an increase in their bottom line, allowing them to reinvest in their business and pursue growth opportunities.