Marketing Company Taxes
Business Tax Preparation CPA for Marketers and Agencies in Phoenix, AZ
Our Team Will Maximize Your Marketing Business’s Tax Savings
Is Your Marketing Agency Taking Full Advantage of All Available Tax Credit?
You might assume R&D isn’t relevant to your business. After all, what does a marketing firm have to research and develop? You don’t manufacture or design goods; you leverage existing tools and platforms to help businesses increase their sales and generate leads.
R&D tax credits are just one example of a potential credit your firm might qualify for if your tax preparer has the wherewithal and critical thinking abilities to identify ways in which your company is creating or improving upon existing marketing methods.
Not every marketer will have expenses that qualify for R&D under the strict IRS definition, but some will, and many of those businesses likely aren’t making use of this tax credit.
Other operating costs are entirely tax deductible, like the money you spend hiring outside copywriters, developers or designers. Some platforms you use, like social media management tools, might also have tax deductible subscription fees.
There are many other potential credits or deductions that could allow your marketing firm to save more money each year. Many SMB owners assume it’s only the mega-sized Fortune 500 companies that can get away with nearly eliminating their tax bill each year. Fortunately, that’s not the case. We can help you find tax savings other business tax preparers might have missed.
Other Accounting Services for Digital Marketing Agencies in Phoenix
Business tax preparation is just one of the many accounting services provided by the accountants and CPA at H&H Accounting Services. Our accounting experts can lower your business’s costs and improve operational efficiencies in a host of ways, from optimizing cashflow or performing internal audits to helping you find the best benefit packages for your employees.
You can also trust our QuickBooks Certified ProAdvisor to assist with your bookkeeping, or you can let us take on all your general business accounting, budgeting and bookkeeping.
As a marketing firm, you likely understand the value of outsourcing jobs to skilled freelancers and contractors. Outsourcing often proves to be much more cost effective than hiring internally and absorbing all the costs that entails. Why not do the same with your accounting and financial tasks?