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Larrabee, CPA, PLLC
  • Home
  • Services
    • Individual Tax Prep
    • Business Tax Prep
    • Tax Planning
    • Bookkeeping
  • About
    • About The Firm
    • About The Owner
  • Contact Us

Tax Planning

Proactive Tax Planning to minimize Your tax liability

What we do

Tax planning isn't something that should happen once a year. Effective tax planning is an ongoing process that helps business owners reduce tax liabilities, improve cash flow, and make informed financial decisions throughout the year.


At Larrabee, CPA, PLLC we provide proactive business tax planning services for small businesses, entrepreneurs, partnerships, corporations, and LLCs throughout Charlotte and the surrounding areas. Our goal is simple: help you legally minimize your tax burden while supporting the long-term growth of your business.


Whether you're starting a new business, expanding operations, purchasing equipment, or preparing for retirement, our personalized tax planning strategies are designed around your unique financial goals.

What is tax planning?

Business tax planning is the proactive process of analyzing your financial situation before year-end to identify legal opportunities to reduce taxes and improve profitability.


Unlike tax preparation—which reports what has already happened—tax planning focuses on future decisions that can lower your tax liability.


Effective tax planning considers:


  • Business structure 
  • Income timing 
  • Deduction strategies 
  • Entity elections 
  • Capital investments 
  • Retirement contributions 
  • Payroll strategies 
  • Estimated tax payments 
  • Owner compensation 
  • Multi-year tax forecasting 


Rather than reacting at tax time, tax planning helps business owners make informed decisions throughout the year.

What can proactive tax planning do?

Many businesses pay more taxes than necessary simply because they don't plan ahead.


Strategic planning can help:


  • Reduce federal and state income taxes 
  • Improve cash flow 
  • Maximize available deductions 
  • Avoid unnecessary tax penalties 
  • Increase after-tax profits 
  • Prepare for business growth 
  • Improve budgeting accuracy 
  • Simplify year-end tax preparation 
  • Support long-term financial goals 


For growing businesses, proactive tax planning often provides one of the highest returns on investment.

What we offer

We develop customized tax strategies based on your business structure, industry, financial goals, and projected income.


Our services include:


Year-Round Tax Planning


Tax laws and your business change throughout the year.


Instead of waiting until tax season, we meet with clients throughout the year to identify opportunities before filing deadlines arrive.


Year-round planning includes:


  • Quarterly tax planning
  • Estimated income analysis 
  • Deduction planning 
  • Tax-saving recommendations 
  • Financial forecasting 
  • Cash flow discussions 
  • Upcoming tax law changes

Entity Selection & Tax Structure Planning

Choosing the correct business entity can significantly impact your tax liability.


We help evaluate:


  • Sole Proprietorship 
  • Single-Member LLC 
  • Multi-Member LLC 
  • Partnership 
  • S Corporation 
  • C Corporation 


Our recommendations consider:


  • Tax savings 
  • Liability protection 
  • Future growth 
  • Payroll considerations 
  • Owner distributions 
  • Exit planning

Ready to take the next step?

Join us and discover what we can do for you.

Get Started

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