Tax Savings for Businesses & Individuals

Tax season can be a nerve-wracking time, especially if you’re unsure of how much you may owe when your returns are finally completed. It’s in the early months of a year that we often see clients ask us – often in a panic – if there’s any way they can decrease their tax liabilities and not have to pay as much back to the government. At LSWG, we work hard to help our clients find as many ways to improve tax savings as posisble.

Working with us year-round helps you make the most of all the tax savings available to you as an individual or business without spending hours combing through a shoebox of receipts each winter.

Tax Savings For Businesses

Our skilled team can help you determine if your business is eligible for tax savings, including:

  • Mortgage interest
  • Business meals
  • Home office deductions
  • Legal and professional fees
  • Business insurance premiums
  • Real estate taxes
  • Business education expenses
  • Business travel expenses
  • Business equipment
  • Business vehicle expenses
  • Internet expenses
  • Health insurance premiums
  • Office supplies
  • Retirement contributions
  • Charitable contributions
  • Foreign earned income exclusion
  • Advertising and marketing costs
  • Employee compensation
  • Professional service fees
  • Startup costs
  • Business property rental
  • Bank fees
  • Bad business debt

Tax Savings For Individuals

For individuals, LSWG can assist you in figuring out if you qualify for certain tax benefits, including:

  • Child tax credit
  • Child and dependent care tax credit
  • American opportunity tax credit
  • Lifetime learning credit
  • Student loan interest deduction
  • Adoption credit
  • Charitable donations deduction
  • Medical expenses deduction
  • State and local tax deduction
  • Mortgage interest deduction
  • Gambling loss deduction
  • IRA contributions deduction
  • 401(k) contributions deduction
  • Saver’s credit
  • Health savings account contributions deduction
  • Self-employment expenses deduction
  • Home office deduction
  • Educator expenses deduction
  • Residential energy credit

By working with the accountants at LSWG, you’ll fully understand which deductions you qualify for, how much you can claim, and just how those deductions will impact your tax liability. We leave no stone unturned when working to help you maximize your tax savings.

Schedule your consultation today!

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