Tax Planning Services

Effective tax planning starts with experienced CPAs who understand your business, your goals, and the tax issues that impact your financial future. Our team helps ensure accurate financial reporting while developing proactive tax planning strategies tailored to your unique needs. We don't believe in one-size-fits-all solutions. We create personalized tax plans designed to reduce tax liability, improve profitability, strengthen lender relationships, and help you achieve your long-term financial goals.

We take pride in creating long-term relationships with our clients, getting to know you, your business, and your industry to guide you through the process and help build a sound financial future. Whether you're starting a business or exiting an existing business, we provide support through every stage. 

Click on our tax services below to learn more about how Barton, Walter & Krier, CPAs and Business Advisors can help you:

• Business Tax

• Personal Tax

• Estate, Gift, & Trust

• State & Local Tax

• Sales & Use Tax

Tax planning for small and middle market businesses has distinct demands that inevitably change as the companies grow. Everything from entity structure to compensation and buy/sell transactions can affect how you plan your taxes. 

It’s not uncommon for small businesses to consider taxes as a once-a-year event. However, all businesses benefit from CPA-level tax planning throughout the year. Most tax-saving opportunities close before December 31, not April 15.

BWK begins with tax projections to identify where your tax burden exists and where planning opportunities can have the greatest impact. From there, we focus on timing income and deductions, owner compensation, entity structure, and other strategic decisions that help reduce tax liability over time. 

State and local tax obligations can be easily overlooked by growing businesses. Companies may overlook requirements as they expand across jurisdictions, causing unexpected liability in states where they didn't realize they had a tax obligation.

Income tax, sales tax, property tax, and payroll tax each carry their own filing requirements. BWK’s state and local tax services help businesses stay ahead of tax obligations before problems arise.

These are two terms that are related to each other, but they serve different purposes for your business. Tax preparation is about making sure your tax return is accurate, while tax planning ensures the tax burden is as low as it can reasonably be before the return is filed. 

Tax planning covers:

• Timing of income and deductions

• Business structure and owner compensation decisions

• Projected liability and strategies to reduce it

• Estimated payment adjustments throughout the year

BWK provides expert planning and tax consultation across all of the above, including preparation. 

The difference between proactive guidance and reactive guidance shows up in the quality of your outcomes. A good tax planning service will reach out well before deadlines, not just as filing season approaches.

There’s also industry knowledge to consider. Experienced tax planners should bring with them a wealth of knowledge from across multiple industries. This enables them to be prepared for in-depth tax complexities you might not expect. 

At Barton, Walter & Krier, we function less like a vendor and more like your trusted advisor who knows where your business has been and where it’s headed. 

Based in Maple Grove, BWK provides tax planning services across the Twin Cities and the Upper Midwest. Our CPAs work with businesses in construction, real estate, manufacturing, and more. We also provide personal tax planning and estate tax services to support your complete financial picture. Contact our team today to discuss how strategic tax planning can help reduce tax liability and position you for long-term success.