Why Every Business Needs a Tax Lawyer in Denver, CO

Every business must have a trusted partner on their side to protect their legal and financial interests. A tax lawyer could be that advocate for your business needs. Tax attorneys are experienced professionals who specialize in understanding the complexities of the tax code and helping businesses navigate them. You can use the expertise of a tax lawyer in Denver, CO on a variety of topics related to taxes including filing deadlines, deductions/credits, legal risks, and more.

With their legal expertise, you can avoid costly mistakes that could result in hefty fines or other penalties. Discover the other ways a quality tax lawyer can benefit your business.

The Advantages You Gain from a Tax Lawyer in Denver, CO

Having a tax attorney in your back pocket can have numerous benefits for your business. Here are some key areas where they can help:

Tax Planning

One major advantage of working with a tax lawyer is that they can create a tax planning strategy for your organization and identify areas where you may be able to save money. They can provide insights about deductions and credits that may not be obvious to the untrained eye and help ensure that you are taking advantage of all possible opportunities for tax savings. In other words, an experienced tax attorney can explore and exploit the tax code to your best advantage, helping you to pay as little tax as possible – legally. A tax attorney can also help you plan for your future. They can set up strategies for minimizing your tax burden and advise you on how to structure business transactions in order to take advantage of tax loopholes and other opportunities for savings.

Business Structuring

Whether you are just starting a business or have run one for several years, it’s important to have the right business structure. This is because tax laws apply differently to each type of business entity. A tax attorney can help you best structure your business as a:

Sole Proprietorship
Partnership
Corporation
S Corporation
Limited Liability Company (LLC)
And More

Your business structure will direct certain aspects of your operations, like how much you pay in taxes and your legal liabilities. A reliable tax lawyer will know which structure will provide the most benefits to your business and will help customize your structure for optimal outcomes. Your attorney can even review your current business entity and identify opportunities for restructuring.

Asset Protection

You’ve worked hard to build your business and assets; a tax lawyer works hard to protect them. That legal professional can help you identify the best avenues to protect your assets from potential liability. For instance, your attorney may recommend setting up trusts as part of your estate plan or the appropriate business entities to shield your assets. A caring tax attorney will work with you to determine which tools are the right fit for what you are aiming to accomplish.

IRS Disputes

The last thing you want is to be audited or investigated by the IRS. But with the help of a quality tax lawyer in Denver, CO, you can rest assured that you will be properly represented and have the best chance of coming away unscathed. A good tax attorney will be able to identify and organize essential documents for the audit and review them ahead of time to ensure accuracy. They can also act on your behalf, responding to questions, inquiries, and if applicable, appeals.

At Fusion Legal & Tax, audit protection is exclusive to our tax preparation service packages. If you undergo an audit, we will be prepared to defend any tax returns or documents that our team has prepared. With the Fusion team at your side, you’ll have top local experts supporting you throughout any IRS disputes.

Take the Pain Out of Taxes with Our Legal & Tax Experts

Taxes can be a burden for any business, and it’s important to have the right team in place to deal with the intricacies of preparing and filing. At Fusion Legal & Tax, we can set you up with one of the most skilled and experienced taw lawyers in Denver, CO. You’ll receive invaluable assistance and the assurance that your taxes will be filed accurately and on time, but that’s not all. We can assist in creating tax planning strategies, structuring your business, protecting your assets, and much more.