Golden Tax Relief (844 229 8936), a premier tax planning company in Illinois, updated its services to help businesses decrease their tax liability.
As one of the top 500 fastest-growing companies in the USA, Golden Tax Relief has quickly become a valuable tax planning firm to businesses in the country. The firm expanded its tax-reducing solutions by including health insurance tax benefits that help preserve client assets.
Please visit https://www.goldentaxrelief.com for more details.
The newly announced solution takes advantage of group health insurance premiums that businesses pay on behalf of their employees, which are tax-deductible.
According to section 17 of the Income Tax Act, the premium paid for employees is a benefit that falls under the “profit in lieu of salary” category. A company can claim the entire amount as a business expense in their profit and loss account regardless of how much the health insurance premium costs.
Golden Tax Relief designs custom tax plans for clients. These structured, comprehensive plans decrease tax liability for businesses and provide a more flexible approach to paying taxes.
To formulate a tax plan that best suits a client’s needs, the experienced tax professionals at the firm conduct a series of interviews and an in-depth review of prior years’ tax returns, all focused on understanding a business’s present situation and goals.
The firm offers clients flexibility in tax payments, allowing them to control payment schedules. This arrangement makes budgeting and achieving sustainability easier for businesses.
Founder Ben Golden explains that the core values espoused by Golden Tax Relief are peace, protection, and posterity. The newly launched tax solution puts the company in a position to continue representing clients knowledgeably and to protect them by working within the confines of their legal rights.
“I loved Golden Tax Relief, LLC because they went above and beyond in every way. The strategy Ben put together and implemented was amazing. It was a very overwhelming process, but Ben and his team were with me every step of the way,” a satisfied business owner said.
Interested parties can find more information at https://www.goldentaxrelief.com