Question 1

What tax services does Tax Square offer?

Accepted Answer

Tax Square provides comprehensive tax planning, preparation, and business advisory services for business owners and high-income professionals. Our core services include proactive tax planning strategies, S-Corporation conversions, entity structure optimization, year-end tax planning, business formation consulting, and ongoing accounting support.

Unlike traditional CPAs who focus primarily on tax compliance and filing, Tax Square specializes in aggressive (but legal) tax reduction strategies. We help clients legally minimize their tax liability through:

• Advanced entity restructuring (S-Corp, LLC, partnerships)
• Strategic retirement plan contributions (SEP-IRA, Solo 401k)
• Augusta Rule implementation (14-day home rental strategy)
• Section 179 depreciation planning
• Qualified Business Income (QBI) deduction optimization
• Family employment tax strategies
• Multi-entity tax planning

Our clients typically save an average of $22,000 per year in taxes. We work with business owners earning $150,000+ annually who want to keep more of what they earn. To explore which strategies apply to your situation, use our free Tax Savings Calculator or schedule a complimentary 15-minute strategy call.

Question 2

How much do tax planning services cost in Plano?

Accepted Answer

Tax Square's tax planning services in Plano, TX start at $2,570 for comprehensive annual tax planning. This investment typically delivers $15,000 to $35,000+ in annual tax savings for business owners earning $150,000 or more.

Our pricing structure includes:

• Annual Tax Planning Package: $2,570 - Includes comprehensive tax strategy review, entity optimization analysis, personalized tax reduction roadmap, and quarterly check-ins
• S-Corp Conversion Service: $1,500-$2,500 - Complete entity restructuring with payroll setup
• Business Formation: $500-$1,500 - Entity selection, formation, and tax optimization
• Tax Preparation: $1,000+ - Depending on business complexity
• Monthly Accounting: $600/month - Bookkeeping, payroll, and tax compliance

The average Tax Square client saves $22,000 per year, meaning our planning service pays for itself nearly 9 times over. Most clients recoup their investment within the first quarter of implementation.

Unlike traditional CPAs who charge $200-$400 per hour for reactive advice, Tax Square provides proactive, year-round tax strategy. Schedule a free 15-minute consultation to get a custom quote based on your business structure and income level.

Question 3

Do you work with clients outside Texas?

Accepted Answer

Yes, Tax Square works with business owners nationwide, not just in Texas. While our office is located in Plano, TX, approximately 40% of our clients are based outside Texas thanks to our virtual consultation and service delivery model.

We provide remote tax planning services to clients in all 50 states because federal tax strategies (which generate the majority of savings) apply regardless of your location. This includes:

• S-Corporation election and optimization (federal benefit: 15.3% SE tax savings)
• Section 179 depreciation strategies
• Augusta Rule implementation (IRC Section 280A)
• Qualified Business Income deduction planning
• Retirement contribution strategies

For state-specific tax matters, we collaborate with your local CPA or recommend qualified professionals in your state for compliance work. Tax Square focuses on federal tax strategy while coordinating with your existing accountant for state filings.

Our virtual process includes:
• Video consultations via Zoom or Google Meet
• Secure document sharing through encrypted portals
• Digital signing of all engagement letters
• Email and phone support during business hours

Whether you're in California, New York, Florida, or anywhere in between, our proven tax strategies work the same. Book a free strategy call to discuss your specific situation, regardless of your location.

Question 4

What's included in a tax planning package?

Accepted Answer

Tax Square's comprehensive tax planning package includes a multi-phase approach designed to uncover $15,000 to $35,000+ in annual tax savings. Here's exactly what you receive:

**Phase 1: Discovery & Analysis (Week 1-2)**
• Detailed financial review (previous 2 years of tax returns)
• Entity structure analysis and optimization recommendations
• Income and expense categorization review
• Current vs. potential tax liability comparison

**Phase 2: Strategy Development (Week 2-3)**
• Personalized Tax Reduction Roadmap (15-25 page document)
• Specific dollar savings projections for each strategy
• Implementation timeline (immediate, 30-60 day, and ongoing strategies)
• Entity restructuring recommendations (S-Corp, LLC, partnership optimization)

**Phase 3: Implementation Support (Months 1-3)**
• S-Corporation election filing (if applicable)
• Payroll setup and reasonable compensation determination
• Retirement plan recommendations (SEP-IRA, Solo 401k)
• Family employment structure design
• Augusta Rule documentation

**Phase 4: Ongoing Optimization (Year-Round)**
• Quarterly strategy check-ins (15-30 minutes each)
• Year-end tax planning session
• Tax law update notifications affecting your strategies
• Coordination with your existing CPA/bookkeeper
• Email support for strategy questions

You also receive implementation guides your current accountant can follow, or we can handle the execution directly. Most clients see $8,000-$15,000 in same-year savings, with full benefits realized within 90 days. Schedule a free consultation to see your custom savings projection.

Question 5

Can Tax Square handle both tax planning and tax preparation?

Accepted Answer

Yes, Tax Square can handle both proactive tax planning (strategy) and tax preparation (compliance filing), or we can focus solely on planning while collaborating with your existing CPA.

Here's how our dual-service approach works:

**Option 1: Full-Service (Planning + Preparation)**
Tax Square handles everything from strategy development to final tax filing. This ensures perfect alignment between your tax plan and your tax return, eliminating communication gaps. Pricing: $2,570 for planning + $1,000+ for preparation (depending on complexity).

**Option 2: Planning Only (We Collaborate with Your CPA)**
We develop your tax reduction strategies and provide your accountant with detailed implementation guides. Your CPA handles the actual tax return filing. This is ideal if you have a long-standing relationship with your current accountant. Pricing: $2,570 for planning only.

**Why the distinction matters:**
• Tax Planning = Proactive strategy to reduce future taxes (our specialty)
• Tax Preparation = Reactive compliance filing of what already happened (commodity service)

Think of it this way: Tax preparation is like taking your car to a mechanic after it breaks down. Tax planning is like regular maintenance that prevents breakdowns in the first place.

Over 60% of our clients keep their existing CPA for preparation while we focus exclusively on strategy. We provide your accountant with:
• Detailed strategy memos
• Supporting documentation for deductions
• Entity structure explanations
• Quarterly update summaries

Schedule a free consultation to discuss which service model works best for your situation.

Frequently Asked Questions

Services & Pricing

Tax Strategies

Our Process

Location & Availability

Results & Savings

Still have questions?