Franchisees
Liability Protection: Form an LLC to cleanly manage business inflows and outflows while protecting assets eductions while saving for their retirement. No tax return necessary if under $12,550 income per year
Tax Credits: Take advantage of credits like the Work Opportunity Credit to effectively scale your business while (Sole Proprietorship vs LLC vs S-Corp)
Employee Your Family: Children & Spouses can be hired through an S-Corp to maximize business dminimizing cost (25 Business Credits)
Home: Rent your home out to your S-Corp for corporation meetings and use an accountable plan to formally run office expenses through your business
Expenses: Expenses like uniforms & team building activities are fully deductible. For 2021-2022 meals are also 100% deductible
Organizational & Startup Costs: These expenses can be deducted up to a $5,000 limit
Depreciation: Expense appliances and infrastructure improvements over the lessor of their service life or lease length
Mileage: Cash out business mileage on a monthly basis by running it through your entity (sample mileage log)
Property Exchanges: Use §1031, like-kind exchanges, on property to minimize recognized gain by deferring realized gains
Retirement: Utilize IRAs and 401ks to defer paying taxes (SEP IRA, Simple IRA, S-401k)
Some Feedback
Hear From Our Customers





Clearbooks CPA was very communicative and organized and helped save me the most money possible. Was informed about the best way to deal with Bitcoin and crypto taxation. 10/10 would recommend.
Sai Vuppala
@Sai Vuppala, 3 months ago
I started an export/import and distribution business last year and my finances were a complete mess with my previous CPA. After my initial meeting with Sugam Sharma I knew he was the right fit for my company and I...
Shayer Aziz
@Shayer Aziz ,18 hours ago
Sugam provided exceptional service to me and my eCommerce business. He was able to help me with my sales tax filings in multiple states while also providing metrics to help me scale my business. As a CPA he has saved me a...
Rian Kapadia
@Rian Kapadia, a month ago

