Tax Services for Manufacturers
Every manufacturing and distribution business needs to keep their tax burden low so they can increase revenue and have money to grow. To put a tax planning strategy in place that ensures you take advantage of every possible deduction available to the manufacturing industry, you need the assistance of a Los Angeles tax accountant.
When you trust your tax planning to Anthony Sykes and Co. Accounting you can be confident that your taxes are being calculated in line with all current tax laws. We know the IRS regulations governing manufacturing businesses inside and out and keep tabs on every new revision and addition to the tax code. We also study the deductions and tax credits taken by over a hundred of the largest public corporations in this country then we use that knowledge to find tax breaks for your business (30 companies paid no income tax at all while having a combined profit of over $160 Billion dollars). We'll also review your prior year's tax return to see if you're entitled to any additional tax deductions or credits that weren't claimed on your original return.
Strategic Tax Planning for Manufacturers
We’re constantly searching for new opportunities to minimize tax liabilities for businesses in the manufacturing industry. We develop optimal tax planning strategies to manage your effective tax rate so you can hold on to more of your profits.
Domestic Production Tax Deductions
Not many businesses can claim this deduction but manufacturers in the United States are often eligible. We analyze the qualified production activities income of your business in order to accurately calculate your Domestic Production Tax Deduction and reduce your taxable income.
Business Tax Preparation
We prepare business tax returns for all kinds of manufacturing and distribution companies . Whether your business operates in California only or has locations in multiple states, we can prepare and file your State and Federal taxes.
Minimizing Multi-State Taxes
Businesses operating across multiple states deal with a number of unique tax issues. We understand what qualifies as "doing business" or Nexus in other states and can keep your taxes low.
Business Succession Planning
Make sure your business is prepared when ownership needs to be transferred to the next generation. Work with us to construct a succession plan that will keep taxes at a minimum, address important concerns ahead of time, and preserve the continuity of your business.
Our mission is to help your manufacturing company reduce taxes! Call us at 562-864-2341 to learn more about our tax preparation and planning services for manufacturers or request a free consultation through our website now.