Many business owners who have multiple companies do not realize that there may be a hidden California tax benefit for them:
Combine the Returns of All California Companies Owned and Lower Your Tax Bill
For example, lets say you own four separate California businesses and one of them suffers a substantial loss. That single company may not be able to enjoy the same net tax savings as you would by combining the returns of the four entities and spreading that loss across the gains of the other businesses.
We are discussing “unitary” taxation for businesses and corporations who operate separately from one another, while remaining under the same controlling interest and ownership. The companies still have the option of filing separately, and this may be the right option in many instances. How can you tell the difference?
The experienced business, accounting, tax and legal experts at Allen Barron bring a unique blend of services across multiple disciplines. We are able to provide critical insight into the structures of your multiple companies, and strategies to reduce taxible liability and costs resulting in increased net profits.
How many people in your organization truly understand the full scope of operations across all of your companies? That is what we bring to the table, and this knowledge and expertise generates opportunities for you as a business person to strengthen your base, and grow your companies.
How do you take a $1Million business to $5Million?
Maximize the tax benefits you receive across all of your companies. Leverage the strengths and expertise of Allen Barron to help you obtain a finer degree of reporting, control and insight into every area of each of your businesses.
This information provides the genuine criteria from which every sound business decision should flow.
We invite you to contact Allen Barron for a complimentary and substantial consultation at 866-631-3470. Learn about the value of expertise that crosses many disciplines and the profitable insight we can contribute to your businesses. We help businesses to grow and prosper.