Proactive Tax Planning Packages

Solid Tax Advice and Planning That Saves You Money

Support for Your Accounting System

Gets the Answers to Your Business Questions &

Comprehensive Advice for Growing Your Bottom Line

• Are you working hard to build your business to support yourself and your family?
• Are you wondering if your accounting system is operating as it should?
• Do you know your income/expenses monthly or quarterly throughout the year?
• Are you struggling to minimize taxes, debt, and other threats to your net worth?

Most accountants do a fine job recording history ? the history you give them! They compile monthly, quarterly, and annual books and records. At tax time, they put the ?right? numbers in the right boxes on the right forms, and file them by the right deadlines. But then they call it a day.

If that is all you are Getting, You are Missing Valuable Tax Breaks!

To minimize your taxes, you need a plan. You need concepts and strategies that leave more on your bottom line, without raising ?red flags? or straying into ?gray areas.?

Have you organized your business right? Do you have the right benefit plans for yourself and your employees? Do you have the right retirement plan to prepare for your future? Are you taking advantage of all the legitimate deductions, credits, loopholes, and strategies the tax code offers?

How We?re Different

My name is Gregory Sparks. I started SparksTax, LLC to offer a different kind of service. I don?t just record the history you give me. I go beyond, to give you proactive advice and strategies to help you earn more and keep more.

The other guys settle for after-the-fact planning. Too often, that means outdated information, nasty surprises on April 15, and no feeling of control. I give you ongoing coaching and proactive solutions. You enjoy total confidence knowing you pay the least amount of tax possible while you work to achieve your dreams.

The other guys offer see you next year service, with limited contacts except at tax time. (And invoices for phone calls and even emails!) I offer ongoing support. That means year-round contact, support, direction, and accountability.

What's the bottom line?

1. I empower you to achieve your dreams.
2. I educate you in a language you understand ? (we save the CPA gobbledy goop for all those lively CPA membership club meetings)
3. I make suggestions for increasing your business income.  
4. I help you set goals to achieve your dreams.
5. I design and help you implement innovative, customized tax strategies that minimize your taxes and your risk of audit.

Personalized Proactive Tax Strategy

The process starts with your personalized proactive tax strategy. Here?s how it works:

• You start with a meeting. I want to hear about where you are now, and where you want to be.  I ask a few easy questions about your current situation and from that determine your business accounting needs and how I can best assist you.

• I will review your prior year tax returns and go over your tax savings potential. I?ll need copies of your past tax return and a little information on each business entity (S Corporation, LLC, Limited Partnership, etc) that you currently have set up. 

• We will go over the maintenance plans and determine which one is best for your needs.

• We will complete a brief Tax Questionnaire. This is where you tell me your financial and business goals and where your money currently goes. The more information you give me the better job I?ll do.

• All plans include a written personalized Proactive Tax Strategy that details the deductions, credits, loopholes, and strategies available to you. Acting as your personal strategist, I will review your information and develop your comprehensive strategy.  This process typically takes two weeks so I can research your best possible options. This is the stage where the cool things happen!  In fact, the average savings for a taxpayer as a result of their Tax Strategy plan is over $14,000 per year!

• Then, we?ll work on your accounting system. The first step is getting workable financial data. Sometimes that takes a clean-up process. And it may mean more training for your accounting employees. But the end result is ultimately an increase in your bottom line. Your accounting system is so vitally important to the planning process and to the success of your business that we?ll spend the time necessary to insure that it is in good order. Additional fees may apply but you will save far more by having a good accounting system than the cost of getting it right initially.

Silver Plan

The Silver plan is designed for new business owners and investors who want a strong tax foundation but require very little accounting support. You get these ongoing services:

1. Proactive Tax Strategy. This is a written personalized strategy that details your available deductions, credits and strategies that can be implemented to save you more.

2. Business Tax Preparation. I?ll prepare your primary business entity return (proprietorship, partnership, or corporation). (Additional entities may incur an additional charge.)

3. Personal Tax Preparation. I?ll prepare your federal and state personal tax returns.

4. Tax Alerts. You?ll get my email alerts and monthly newsletter with timely tips for making the most of your money.

5. Due Date Monitoring. You?ll get my Due Date Monitoring service to ensure you never miss an important tax deadline again.

6. Year-End Tax Review. You?ll get a year-end conference with me to review your tax picture. I?ll update you with everything you need to know about deductions you can take, anticipating tax roadblocks and opportunities, avoiding IRS audits, and maintaining your personal tax plan based on your changing personal circumstances.

7. Open Questions. Finally, your year-end conference includes an open Q&A period. This is your chance to ask me any questions about:

•   Financing
•   Business Valuation
•   Insurance Needs
•   Lease/Buy Analysis
•   Business Structure (C-Corp S-Corp, LLC, Partnership, Sole Prop)
•   Personal Financial Planning
•   Retirement Planning

You'll take advantage of proactive tax strategies that most accountants miss to minimize your taxes. (This alone will pay for my service!) You'll sleep well knowing we're doing everything to prevent audits. And you'll have access to a trusted business advisor to answer pressing financial questions.

Your investment in the Silver maintenance package is just $125/month, billed directly to your credit card. That's less than $4.17/day for proactive tax planning and preparation that can save you thousands, year after year. You can pay that much for a cup of coffee. If you're serious about minimizing your taxes, that should be an easy decision.

Gold Plan

The Gold plan is designed for growing businesses starting to look for help with their business books and records. You get these ongoing services:

• Proactive Tax Strategy. This is a written strategy that includes your available deductions, credits and strategies that can be implemented to save you more.

• Business Tax Preparation. I'll prepare your business tax return (proprietorship, partnership, or corporation). Additional entities may incur an additional charge.

• Personal Tax Preparation. I'll prepare your federal, state, and local personal tax returns.

• Tax Alerts. You'll get my email alerts and monthly newsletter with timely tips for making the most of your money.

• Due Date Monitoring. You'll get my Due Date Monitoring service to ensure you never miss an important tax deadline again.

• Year-End Reconciliation. I'll reconcile your books at the end of the year to make sure they're clean and up-to-date.

8. Year-End Tax Review Meeting. You?ll get a year-end conference with me to review your tax picture. I'll update you with everything you need to know about deductions you can take, anticipating tax roadblocks and opportunities, avoiding IRS audits, and maintaining your personal tax plan based on your changing personal circumstances.

• Annual Financial Reviews. Your Year-End conference includes a comprehensive financial statement review. This is where I provide you with annual internal financials and, together, I'll walk step-by-step through your financial statements. I'll show you what the numbers mean, and how you can use them to make smarter business decisions.

• Annual Financial Performance Review. The Gold Package also includes a Financial Performance Review. This is a plain-English translation of the strengths and weaknesses of your business and how your business compares with your competitors. It also includes calculations of the same ratios that your bank wants to see when they lend you money. You may not need the money but the ratios are a valuable first step in determining the value of your business. The same value that is tied to your personal wealth.

• Open Questions. As with the Silver package, your year-end conference includes an open Q&A period.

• QuickBooks Review. If you use QuickBooks, you?ll get an annual system review which includes a review of your transactions for the year and correcting journal entries. This is also called a QuickBooks Tune-up and is a $250 value if purchased outside the plan. If you need to convert from another accounting program to QuickBooks or if you are just getting started with QuickBooks, I will assist you in setting up QuickBooks and I will provide you with training for an additional one-time fee. The fee for this service depends on your specific needs and usually ranges from $350 to $500. (Fees are higher depending on the level of detail that must be completed within your QuickBooks.)

Your investment in the Gold maintenance package is just $175/month, billed directly to your credit card. That's less than $5.83/day for proactive tax planning and preparation plus ongoing accounting and bookkeeping oversight. It's hard to find a decent lunch for that low a price. If you're growing your business, it should be an easy call.

Platinum Plan

The Platinum plan is our most comprehensive service, designed for more mature organizations looking for ongoing help with business books and records. You'll enjoy these ongoing services:

1. Proactive Tax Strategy. This is a written strategy that includes your available deductions, credits and strategies that can be implemented to save you more.

2. Business Tax Preparation. I'll prepare your business tax return (proprietorship, partnership, or corporation). Additional entities may incur an additional charge.

3. Personal Tax Preparation. I'll prepare your federal, state, and local personal tax returns.

4. Tax Alerts and Due Date Monitoring. You will get my email alerts, monthly newsletter and due date monitoring service.

5. Quarterly Accounting Data Analysis and Review. I will oversee your accounting data on a quarterly basis and make necessary adjustments so your books reflect results from an income tax standpoint.

6. Quarterly Tax Reviews. You'll get a review of your tax picture. I'll update you with everything you need to know about deductions you can take, anticipating tax roadblocks and opportunities, avoiding IRS audits, and maintaining your personal tax plan based on your changing personal circumstances.

7. Quarterly Internal Financial Statements. Your quarterly review also includes a comprehensive financial statement review. This is where I provide you with quarterly internal financials and, together, I'll walk step-by-step through your financial statements. I'll show you what the numbers mean, and how you can use them to make smarter business decisions.

8. Quarterly Financial Performance Review. The Platinum Package also includes quarterly Financial Performance Review. These are plain-English translations of the strengths and weaknesses of your business and how your business compares with your competitors. It also includes calculations of the same ratios that your bank wants to see when they lend you money. You may not need the money but the ratios are a valuable first step in determining the value of your business. The same value that is tied to your personal wealth.

9. Unlimited Consultations. You'll get unlimited consultations regarding accounting, tax and business matters throughout the year.

10. QuickBooks Setup/Review/Tune Up. If you use QuickBooks or will be using QuickBooks, you?ll get a quarterly review of your QuickBooks company file which includes:

• A complete review of transactions for the quarter and journal entries for any necessary adjustments.
• A review of the setup and preferences and suggestions for improved efficiencies.

          If you need to convert from another accounting program to QuickBooks or if you are just getting started with QuickBooks, I will assist you in setting up QuickBooks and I will provide you with training for an additional one-time fee. The fee for this service depends on your specific needs and usually ranges from $350 to $500. (Fees are higher depending on the level of detail that must be completed within your QuickBooks.)

Your investment in the Platinum maintenance package is just $250/month, billed directly to your credit card. That's less than $8.33/day for our most complete suite of services. You'll pay more than that just to park in downtown of your city. If your tax is starting to hurt, this should be your first remedy!

Let's recap the three maintenance packages to determine which is best for you:

**If you have more than 5 employees, I recommend that you use a payroll service. I can refer you to some very good ones.

Now that you've seen how I can help you, take the next step. Sign up with me today and start saving.  I'll identify the mistakes and missed opportunities that may be costing you thousands of dollars per year, then show you how to craft a plan to cure them.

Call: SparksTax LLC 248-341-9442