Business Tax Strategy/Corporate Tax Planning

The business tax advisory team at Miller & Company, LLP generates corporate tax savings and reduces business taxes through business tax planning strategies tailored to your current revenue, entity structure, industry and growth trajectory. Then they revisit and refine that strategy every quarter to maintain your savings. Founder Paul Miller is a regularly quoted tax authority in U.S. News & World Report, GOBankingRates, Fortune and Woman’s World, which means his word is well regarded. Call today to reduce business taxes and take advantage of tax programs for business and corporate tax savings today. Don’t wait until April 15, start now to get the most out of your tax advisory team.

Why Does My Business Need a Robust Business Tax Planning Strategy?

Business tax planning from Miller & Company, LLP works to preserve your company’s wealth by finding and applying all the legally allowable tax deductions and savings. An expert business tax advisory helps your business control how much you owe before your tax accountant prepares a single tax return. Without business tax planning, you may overpay the taxes you owe every single year.

For business owners, the difference can add up to significant savings. In the high-tax environments of New York City, Florida and Washington, DC, reactive tax management can compound into a costly mistake every year. Strong business tax strategies are the result of working with a CPA who applies tax minimization strategies throughout the year, helping you catch opportunities to reduce business taxes before the window closes.

“The businesses that consistently pay fewer taxes aren’t the ones that just get lucky at filing time,” says Paul Miller, CPA and founder of Miller & Company. “They’re the ones that plan deliberately all year long. My firm believes that stronger business tax planning isn’t a luxury reserved for large corporations, but a necessity for every business owner who wants to protect what they’ve built.”

Which Business Tax Planning Strategies Does Miller & Company Use for Corporate Tax Savings?

The business tax planning strategies available at Miller & Company don’t originate from a generic checklist. On the contrary, your small business tax CPA builds your strategies around your specific business model, income level and financial goals. The most significant corporate tax savings consistently come from a combination of business tax plans, including:

• Strategies built around income timing, which defer revenue to the next tax year while accelerating associated deductible expenses into the current year to lower your taxable income
• Electing a pass-through entity tax status for S corporations, LLCs and partnerships, which allows business owners in New York to pay state taxes at the business level instead of at the personal level, bypassing the federal SALT deduction cap while also applying a Qualified Business Income deduction that allows eligible sole proprietors, partnerships and S-corporation owners to deduct 20 percent of their income as a tax program for small business
• Maximizing your contributions to SEP-IRAs, solo 401(k)s and other defined benefit plans to reduce your taxable business income, while building your long-term personal wealth
• An early coordination with the capital gains tax planning specialists at Miller & Company, especially for business owners planning for a future sale, which helps reduce the tax impact of selling a business or its assets
• Multi-state tax accounting for businesses operating across state lines, to ensure that the tax obligations across New York, Florida, Washington, DC and beyond are managed without overpaying your taxes

“No two business owners come to us with the same situation,” says Miller. “The business tax planning strategies that work for a Manhattan-based S-corporation may not work for a multi-state business owner in Sarasota or Fort Myers. Understanding this specificity is what delivers real results and reduces business taxes.”

How Can the Business Structure Reduce My Business Taxes?

The entity structure under which your business operates is one of the most consequential decisions a business owner makes. Most businesses in New York and elsewhere set up their structure once and never revisit it as the company grows. However, the wrong structure not only creates compliance complications, but it also creates unnecessary tax obligations that worsen each year. To gain expert business tax planning, you need an understanding of business structures and their tax profiles. The different business structures include:

• Sole proprietors report all business income on their personal tax return and pay full self-employment taxes.
• S-Corp passes profits through to shareholder’s personal returns, avoiding federal corporate income tax. But in New York City, S-corps remain subject to the city’s 8.85 percent business tax.
• C-Corp pays a flat 21 percent federal corporate income tax, but has access to a broader range of deductions.
• Single-member LLCs are taxed as sole proprietorships by default.
• Multi-member LLCs are taxed as partnerships. Both types of LLCs can elect S-Corp and C-Corp treatment.

The selection and maintenance of the right structure calls for ongoing business tax preparation and compliance review, especially as the revenue grows or the ownership changes. For businesses that require audited financial statements, a CPA review and compliance service provides the necessary documentation to satisfy lenders, investors and regulatory requirements.

“The structure a business starts with is rarely the structure the business keeps as it grows,” says Miller. “Our business tax advisory team regularly works with business owners who are operating under the wrong entity type. We offer business tax planning strategies that generate real corporate tax savings from day one.”

Which IRS-Approved Tax Programs for Small Business Am I Overlooking?

What many business owners across New York consider small business tax loopholes aren’t actually loopholes, but legitimate IRS-approved programs that they haven’t heard about from their past CPAs because small business tax accountants often focus only on filing the tax returns. Miller & Company CPAs identify the business tax planning strategies that can actually reduce business taxes, including:

• The R&D tax credit rewards businesses that invest in developing or improving products, processes, software or manufacturing methods. After the One Big Beautiful Bill Act, qualifying businesses with gross receipts under $31 million can now apply up to $500,000 annually directly against their payroll taxes.
• Cost segregation accelerates depreciation deductions on commercial property components and can generate immediate corporate tax savings.
• QSBS tax planning eliminates federal capital gains tax completely on qualifying stock held for more than five years. The exclusion limit has now increased to $15 million for stock issued after July 4, 2025.

“In nearly every new client engagement that our business tax advisory team takes on,” says Miller, “there’s at least one of these business tax strategies that the business qualified for, but never claimed. This isn’t a minor oversight. For some businesses, it can represent years of unnecessary tax overpayment.”

Why Should I Choose Miller & Company, LLP for Expert Business Tax Advisory?

Paul Miller is a certified public accountant who has worked with business numbers since 1992. He founded Miller & Company, LLP in 1997. Since then, his team has spent over three decades building a reputation as high net-worth tax advisors for New York’s sophisticated business owners. This reputation didn’t come from tax filings, but from what happens between them.

Miller adds: “Our business tax advisory team offers year-round business tax planning, not just a seasonal service. We monitor legislative changes, evaluate new opportunities and adjust the strategies accordingly for every client. To get proper business tax planning strategies that can actually generate corporate tax savings, you need an expert on your side who works with you all year, not just in a season.”

Contact Miller & Company to schedule a business tax planning consultation today. Visit any of the offices, from Midtown Manhattan, Queens and Long Island to Washington, DC to Sarasota and Fort Myers, Florida. If you’re looking for tax programs for a small business or a large corporation, this accounting practice offers the best business tax strategies.

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