Nesso Wealth Offers Tax Planning for Local Businesses in Connecticut

Connecticut businesses have an opportunity to save money on taxes each year, but they need careful planning to get started. Many business owners only start thinking about their taxes a few weeks before the deadline when it’s too late to take advantage of most tax breaks. Every decision you make during the year can impact your taxes. Therefore, tax planning should be an ongoing part of your business strategy. If you think this process is too complex or time-consuming, consider working with Nesso Wealth.

At Nesso Wealth, we’re a team of financial advisors in Connecticut. We offer individuals and businesses a broad range of financial services, including tax planning. With our tax planning solution, local businesses can take full advantage of the tax breaks and incentives available. As a result, they can reduce their tax liability and keep more of their hard-earned profits. If you’re a local business owner in Connecticut, contact us today to learn more about our services. Thanks to our expertise, we can help you elevate your tax experience.


Understand Our Tax Planning Solution

Tax planning means analyzing your financial situation to guarantee that all areas work optimally and in sync to reduce your overall tax burden. It’s not about avoiding taxes; it’s about finding the best way to use the tax laws to your advantage. After all, you’ve worked hard for your money, so you should keep as much of it as possible. This analysis must occur continuously throughout the year as your financial situation changes, covering several considerations. For example:

  • Decisions about how to structure your business
  • What equipment to purchase
  • When to make significant purchases
  • Hiring and firing employees
  • Retirement planning

Each has different tax implications. For instance, you may be eligible for payroll tax breaks when hiring new employees. Or, if you’re thinking about buying new equipment, you may be able to take advantage of depreciation deductions. Nesso Wealth understands that tax planning is complex, but we can help you navigate the process.

We take a holistic approach to tax planning. We consider all aspects of your financial situation and make recommendations tailored to your unique needs. First, we’ll take the time to get to know you and your business. Based on the gathered information, one of our financial advisors will develop a comprehensive tax plan. They can help you through every stage, providing ongoing guidance and support. In addition, we’re more than just results; we want to educate you on the tax planning process so that you understand how we obtained those results.

What Our Tax Planning Involves

As we mentioned, tax planning involves more than just preparing your return come tax season. Here’s a more detailed look at what our tax planning looks like:

Investment Analysis

Investment analysis evaluates your current investments and determines how they can be structured to minimize your taxes. It might include revising your investment portfolio, retirement accounts, and real estate holdings. We’ll also consider your goals and risk toleration to guarantee that your investments align with your financial strategy.

Business Structure Review

The business structure you choose has significant implications for your taxes. For example, if you’re a sole proprietor, you’ll pay taxes on your business income as personal income. But if you set up an LLC or corporation, you’ll pay taxes on the business’ net income separately from your taxes. We can help you comprehend your options and choose the business structure that will save you the most money.

Retirement Planning

When you’re planning for retirement, taxes are a significant consideration. Proper planning can minimize the taxes you’ll pay on your retirement income. We can help you decide when to start taking distributions from your retirement accounts and how to invest those assets to keep more of your money in your pocket.

Industry Analysis

Depending on your industry, there may be specific tax breaks or incentives that you’re eligible for. For instance, if you’re in the manufacturing business, you might be able to take advantage of the Research and Development Tax Credit. Our financial advisors will identify those opportunities for you and maximize their potential to lower your tax bill.

Benefits Of Our Tax Planning For Local Businesses

Any local business in Connecticut can benefit from our tax planning. By taking advantage of the tax breaks and incentives available to them, these businesses can see some of the following benefits:

Save Money

The main benefit of our tax planning is that it can save you money. When you understand the tax laws and how they apply to your business, you can make strategic decisions that minimize your tax liability. Taxes are unavoidable and represent a considerable expense for many business owners. But with our help, you can keep more of your hard-earned profits.

Reduce Stress

Tax season is often a stressful time for business owners. But if you’ve been diligently planning throughout the year, you’ll have a much easier time come April. You won’t be scrambling to gather receipts and documents; everything will already be in order. Our services can relieve and allow you to focus on running your business.

Improve Cash Flow

Cash flow is the lifeblood of any business. You’ll have more money to reinvest in your business by reducing your tax liability. You can use this extra cash to improve your products and services, hire more staff, or open new locations. All of these things can lead to increased sales and profits. In other words, our tax planning can help you break the cycle of living paycheck to paycheck and put you on the path to long-term success.

Make Better Business Decisions

Our tax planning can also help you make better business decisions. When you clearly understand the tax implications of your choices, you can weigh the pros and cons more effectively. This way, you can make informed decisions that are in the best interest of your business, not just from a tax perspective but also from a financial standpoint.

Prepare For The Unexpected

No one knows what the future holds, but our tax planning can help you prepare for the unexpected. With a proactive approach to your taxes, you can create a buffer that will give you some financial flexibility if something unexpected arises. Whether it’s an economic downturn or a personal emergency, you’ll be better positioned to approach it confidently.

Stay Compliant With The Law

Tax laws are constantly changing, and it can be challenging to keep up with all the updates. If you have a plan and the right financial advisor, you can take advantage of the most recent tax breaks and incentives. You’ll also avoid penalties and interest charges, which can quickly add up.

Be Ready For An Audit

An audit is when the IRS reviews your tax return to confirm that you’ve accurately reported your income and deductions. Being selected for an audit doesn’t necessarily mean that you’ve done anything wrong; sometimes, it’s a matter of chance. If the IRS finds any errors, you may be required to pay additional taxes, interest, and penalties. But with our tax planning, you can be confident that your return is complete and accurate, making the audit much smoother.

No matter what size or stage your business is in, it’s more likely to succeed with careful tax planning. Now is the time to start if you’re not already incorporating tax planning into your overall financial strategy.

Why Work With Nesso Wealth

There are thousands of financial advisors in the US, so why choose Nesso Wealth? Here are a few reasons:

We Make The Complex Simple

The tax code is full of rules and regulations that can be difficult to understand. But at Nesso Wealth, we pride ourselves on making the complex simple. We’ll take the time to explain everything you need to know in a way that’s easy to understand. If you’re tired of hearing complex tax jargon, choose Nesso Wealth.


We can help you stay accountable to your financial goals. Getting caught up in running a business and losing sight of your long-term objectives can happen. But staying on track becomes much easier when you have a professional working with you.


We offer more than just tax planning; we also provide coaching and mentorship. We’ll help you make the right decisions in all areas of your financial life, giving neutral opinions and creative solutions. Many financial advisors only care about managing your money, but we believe other things are important too.


We act as your advocate with the IRS and for the rest of your financial life. We don’t just take you from one step to the next; we ensure you understand everything going on and the reason behind it. And if you have any problems or questions, we’re always available to help.

Start Planning For Your Company’s Future With Nesso Wealth

If you’re looking for comprehensive wealth management and tax planning services, Nesso Wealth is the right financial advisor. We have the experience and knowledge to provide a solution for your business, no matter its stage. And because we’re Connecticut-based, we deeply understand the local market and regulations. Fill out our form today and start planning for your company’s future. We’ll connect you with one of our financial advisors as soon as possible.



For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice.

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