Running a C Corporation means you’re already focused on building something great—but are you making the most of your tax strategy? At Insogna CPA, we help business owners like you make smarter financial decisions to protect profits and stay compliant. Whether you’re based in Austin, Texas, or expanding across state lines, these seven strategies can make a significant impact on your bottom line.
1. Could You Qualify for Tax-Free Gains?
If you’re planning to sell stock in your company, the Qualified Small Business Stock (QSBS) exemption could help you avoid capital gains taxes altogether. This powerful tax break under Section 1202 can exclude up to 100% of gains on qualifying stock sales after a five-year holding period. Want to know if your shares qualify? Our small business CPA services in Austin can walk you through it.
2. Paying Yourself the Smart Way
Are you balancing your salary and dividends properly? Paying yourself a reasonable salary is required by the IRS, but dividends can be taxed at a lower rate. Striking the right balance is key to reducing your tax liability without triggering audits. As a trusted Austin CPA firm, we’ll help you structure your compensation for maximum tax efficiency.
3. Getting Paid to Innovate
If your business invests in creating new products or refining processes, you could qualify for the Research & Development (R&D) tax credit. It’s a dollar-for-dollar reduction in your federal taxes, designed to reward innovation. Not sure if your activities qualify? Our Austin accounting services specialize in helping businesses like yours claim every credit you deserve.
4. Expanding? Don’t Let State Taxes Catch You Off Guard
If your business operates in multiple states, each state has different tax obligations. Failing to comply can lead to costly penalties. Staying ahead of state tax compliance requires careful planning, especially when your business is growing. At Insogna CPA, we provide tailored solutions to keep you compliant while focusing on growth.
5. How to Use Losses to Cut Future Taxes
Had a rough year? Net Operating Losses (NOLs) let you apply current losses to future profits, reducing your tax bill when your business bounces back. But timing and strategy matter. Our Austin, TX CPA firm can help you make the most of NOL strategies so you can recover stronger.
6. Are You Missing Out on Section 199A Deductions?
While C Corporations don’t qualify directly for the Section 199A deduction, you may still benefit if you own other pass-through entities or have multiple income streams. Structuring your business strategically can open the door to major savings. At Insogna CPA, we work with C Corp owners throughout Round Rock, TX, and beyond to maximize their deductions.
7. Don’t Just File—Plan Ahead
Tax planning isn’t just for filing season. The most successful business owners work with CPAs year-round to stay ahead of tax law changes and maximize every available break. That’s why we offer proactive financial strategies at Insogna CPA, focusing on forward-thinking solutions to keep your business profitable and prepared.
Why Choose Insogna CPA?
At Insogna CPA, we don’t just file taxes—we become your long-term financial partner. As a premium CPA firm in Austin, we provide personalized service, clear communication, and proactive strategies tailored to your business. Our accounting services in Austin go beyond the basics, offering a concierge-level experience designed to help you grow with confidence.
Ready to take control of your tax strategy? Contact Insogna CPA today—let’s make your business more profitable together.