Nearly every financial decision you make, whether for your individual finances or your business, has tax implications. Making a decision without understanding these implications can increase your tax liability and even cost you extra in interest and penalties. With the right tax planning guidance, however, you may be able to reduce your tax liability while avoiding interest and unnecessary fees (or penalties) entirely.
Business Tax Planning
The tax accountants at Velmarq Group can provide your business with the forward-thinking advice you deserve. Our full-service firm provides year-end tax planning services in addition to complete CFO services, basic bookkeeping and payroll services, and sales tax reporting. When you work with Velmarq Group, you can rest easy knowing that we master our region’s current tax codes and regulations. This helps us lower your tax burden throughout the entire year — not only at the end of the year.
What is tax planning at Velmarq Group? We help a diverse range of businesses:
- Grow and preserve assets while minimizing tax liability
- Defer income and expenses to pay less in taxes now
- Reduce income taxes for enhanced income preservation
- Better manage finances throughout the year with part-time CFO services
- Become more financially successful with comprehensive planning services
- Individual Tax Planning
Accounting & bookkeeping outsource services
Finance and accounting outsourcing is a growing trend among middle market and high-growth companies, providing a cost-effective way for organizations to improve the finance and accounting function. The key benefits of Velmarq outsourcing include fractional use of finance and accounting professionals, enhanced processes and technologies, and stronger compliance measures.
We seek to back teams that have created products or services with mass-market potential and have already demonstrated a powerful underlying core technology, joyful user experience or have a keen sense of brand. We are typically lead investors in first or early institutional rounds of financing after a company has shown audacious progress on Angel or Seed capital or startup capital. We take active supporting roles to help companies build their brand, develop and nurture an engaged customer base and scale. We care deeply about Founders and Management and work diligently to help manifest their vision with an eye on long term value creation.
We seek new investments that push the limits of categorization and leverage new and existing infrastructure and technologies in exciting ways.
Business Tax Services – Industry, Entity and Advisory Tax Strategies
At Velmarq Group, our reputation for quality service is built on preparing timely and accurate tax returns for our clients. We work with clients to create an accurate estimate of taxes owed so they can pay on-time and avoid interest and penalties.
Prior Year Return filing
There are a wide variety of reasons why you might need to file or amend a prior year tax return. Perhaps you wish to participate in a voluntary disclosure program and wish to avoid penalties. Maybe you have become aware of a potentially significant tax break that caused you to pay too much in taxes. If you need to file or amend a prior year tax return, the tax accountants at Velmarq Group can help.
Filing prior year or multi-year returns has the potential to be very stressful. Whether you owe money to the IRS or you’re simply overwhelmed with organizing tax information for multiple years, having a professional prepare your prior year returns can help you avoid the negative effects of your current tax situation and move one step closer to achieving your long-term financial goals.
We know the most common reason taxpayers put off filing returns: finding and organizing your books, records and paperwork can be a large, time-consuming task. Velmarq Group is used to this, and we can help! We have a tax organizer to help self-employed individuals put all of their numbers together in one place. If that is not enough, we can also help you get your QuickBooks file in order and/or contact the IRS on your behalf to request a Wage & Income transcript. That way we can ensure your tax returns include all of your income, therefore heavily reducing the chances of an IRS or State audit or notice.
Auto Insurance (Coming Soon)
There’s a good chance you’re paying too much for your car insurance and may not even know it. So, why not get the most affordable auto insurance quotes in from Velmarq Insurance? Easily compare rates for your car or motorcycle – even your watercraft, motorhome, renters or business insurance online at no cost and receive the lowest auto insurance quotes in just minutes with Velmarq Insurance. To assure you get the policy that most fits your needs and budget, Velmarq Insurance consults multiple insurance companies to narrow down the coverage with the lowest auto insurance online quotes available.
Private equity is capital that is not noted on a public exchange. Private equity is composed of funds and investors that directly invest in private companies, or that engage in buyouts of public companies, resulting in the delisting of public equity.
DIGITAL MEDIA & TECHNOLOGY
The internet, software, and technology are so pervasive that we can’t remember having ever lived without them. They make our lives simpler, but behind the curtain are fluctuating challenges in protection and monetization; challenges that our firm stays two steps ahead of. We’ve helped engineers, inventors, gaming startups, and entrepreneurs develop, license, sell, and maintain ownership over their creations. We’ve also negotiated purchasing and partnership agreements for larger investment companies looking for their unicorn.
BUSINESS STRATEGY consulting
The startup and small business marketplace is still a new and fierce frontier that requires legal advice from attorneys who are deeply entrenched in the particulars of venture financing. We offer a competitive advantage that can help you save money and make more of it in the long run. We’ve steered corporations with a balance of legal, business, operational, and financial strategies that had clear execution and built-in problem-solving contingencies. Our holistic approach is essential to any company looking to grow. As your business grows, you may find yourself spending more time than you should on your accounting, taxes and/or finances. That time should really be spent on managing day to day operations, customer service and most importantly SALES. If you need CFO services, payroll services or help with payables and receivables, Velmarq Group can help. We can help you streamline your workload so you aren’t spending your free time researching decisions and managing details that are more effectively performed by accountants.