Tax Services Built for Professional Services

The best entity structure depends on your income level, liability concerns, and growth plans. An S-Corp can significantly reduce self-employment taxes for high earners by splitting income between salary and distributions. We evaluate your specific situation and recommend the most tax-efficient structure.

Partners in a professional partnership receive a Schedule K-1 reporting their share of income, deductions, and credits. This income is generally subject to self-employment tax. Proper planning of guaranteed payments vs. profit distributions can optimize your overall tax burden. We manage your K-1s and partnership return (Form 1065) completely.

Self-employed professionals have access to powerful retirement plans: SEP-IRA (up to 25% of compensation), Solo 401(k) (up to $69,000 for 2024), and SIMPLE IRA. These contributions directly reduce your taxable income. We help you choose and implement the plan that maximizes your deductions based on your income level.

Yes. Home office expenses, professional licenses, bar dues, continuing education, software subscriptions, and business-related travel are generally deductible. Client entertainment was largely eliminated by the TCJA, but business meals at 50% remain deductible. We identify and document every valid deduction for your practice.