Case Study
Tax Savings for New Partnership
situation
A small group of financial advisors were looking to create a partnership.
RESPONSE
We worked alongside the financial advisors to establish accounting policies and a guaranteed payment program for their new partnership.
We also assisted them in developing and implementing a policy for their separate activities, which allowed them to take advantage of the Qualified Business Income Deduction that their previous accountant had missed.
Outcome
The new policies and additional deductions resulted in close to $100,000 in tax savings for the partners.
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