Proactive Tax Strategies to Minimize Your Liability

Tax planning is the proactive side of tax management—looking ahead rather than reacting at filing time. Platinum Ledger works year-round with businesses and individuals to identify opportunities that legally reduce taxes, improve cash flow, and prevent surprises at year-end.


Our approach blends advanced tax knowledge with strategic insight, helping clients take control of their tax outcomes rather than waiting until April to see what happened. The best time to start planning is now—not next tax season.

Key Tax Strategies for Businesses and Individuals

Entity Selection & Restructuring

Choosing the right entity—LLC, S-Corp, C-Corp—can significantly impact taxes. We evaluate your structure and, when appropriate, help execute changes such as S-Corp elections for eligible businesses.

Expense Timing & Accelerated Deductions

We advise on timing major expenses or capital purchases and using tools like Section 179 or bonus depreciation to maximize deductions when they’re most advantageous.

Retirement & Benefit Planning

Strategies involving 401(k)s, SEPs, IRAs, and fringe benefits help reduce taxable income while building long-term security for owners and employees.

Income Splitting & Family Strategies

Legitimate strategies—such as hiring family members or shifting income to a lower-bracket taxpayer—can reduce household taxes when properly structured.

Credits and Incentives

We evaluate federal and Arkansas tax credits, including R&D credits, hiring incentives, and small business health care credits, ensuring qualified taxpayers don’t miss overlooked savings.

Our Process

Year-Round Tax Guidance

We routinely assist clients with more complex returns, including:

  • Small business owners
  • Real estate investors
  • High-income earners
  • Contractors and freelancers
  • Individuals with equity compensation
  • Retirees with multiple income sources

For self-employed individuals, we also help evaluate estimated tax payments and withholding strategies to avoid year-end surprises.

If your return feeds into or depends on business activity, we coordinate with our Business Tax Preparation services for seamless accuracy.

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Frequently Asked Questions

  • When should I start tax planning for my business?

    Immediately. Many strategies—entity elections, retirement plans, payroll adjustments—must be executed early in the year. We meet with clients mid-year and in Q4, but planning can begin anytime.

  • Is tax planning only for businesses?

    Not at all. Individuals benefit from planning around capital gains, charitable giving, investment decisions, withholdings, and retirement contributions. We support both business and individual needs, often in tandem.

  • What’s the difference between a tax planner and a financial planner?

    A financial planner focuses on wealth and investment goals. Tax planning specifically targets lowering taxes and structuring finances efficiently. We often collaborate with financial planners to ensure tax-smart implementation.

  • Do tax laws change often—and how do I keep up?

    Yes. Regulations shift regularly at both federal and state levels. We monitor these changes for you and revise your plan so you remain compliant and positioned to benefit from new opportunities.