Proactive tax strategy and full-service compliance—so you keep more of what you earn and never get caught off guard at filing time.
Small business tax planning is the proactive, year-round process of structuring your income, expenses, entity, and timing to legally minimize what you owe—as opposed to tax preparation, which simply reports what already happened. The businesses that pay the least in tax are the ones planning all year, not scrambling in April.
Side By Side Financial combines small business tax preparation and planning in one relationship. Because we work inside your books all year, we spot savings before the year closes—then handle accurate, on-time filing for your LLC, S-corp, C-corp, partnership, or sole proprietorship, in Minnesota and nationwide.
Accurate federal and state returns for LLCs, S-corps, C-corps, partnerships, and sole proprietors, filed on time.
Ongoing strategy and projections so there are no April surprises—and you keep more of what you earn.
We model whether an LLC, S-corp, or other structure saves you the most, and handle the election.
We calculate your quarterly federal and state estimates so you avoid underpayment penalties.
Accurate, on-time sales and use tax filings so you stay compliant in every jurisdiction you sell.
Payroll tax deposits and filings handled and reconciled with your books.
Tax preparation looks backward—it records and files what already happened. Tax planning looks forward—it changes what happens so you owe less. Most businesses overpay because their preparer only appears once a year, after every decision is locked in.
We flip that: by planning throughout the year, we can act on entity structure, retirement contributions, equipment timing, and deduction strategies while they still make a difference. Filing is just the final step of a year-long plan.
One of the biggest tax levers for a growing business is entity structure. An LLC is simple and flexible, but once you're consistently profitable, electing S-corp status can save thousands by reducing self-employment tax on part of your income. There's a trade-off—payroll requirements, reasonable-salary rules, and added filings—so it's not right for everyone. We model your specific numbers and handle the election if it makes sense.
Every dollar of legitimate deduction lowers your taxable income. Commonly missed ones include:
We make sure your books capture these all year, so nothing gets left on the table at filing time.
Tax prep pricing depends on your entity type, the complexity of your return, and how clean your books are coming in. A simple sole-proprietor return costs far less than a multi-state S-corp with several owners. The good news: when we also keep your books, filing is faster and cheaper because everything is already organized.
We quote tax preparation and planning transparently up front—and for most clients, the tax we save through year-round planning more than covers the fee.
Whatever your industry or entity type, we tailor your tax strategy to how your business actually makes money.
We don't just do your books—we become a strategic part of your team. Our clients get enterprise-level financial expertise at a fraction of the cost of an in-house finance department.
Stop overpaying at tax time—get proactive, year-round tax strategy built around your business.