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Planning for C Corp
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Strongsilence-C
Level 10
2 weeks ago
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I have a small grocery store client that has suffered losses for three years. Fiscal YE = 9/30/24. I don't think any tax analysis is needed as they won't need to make a tax payment or accelerate deductions. Accelerating income would be nice but there isn't any to move into this fiscal year. So, before I communicate that planning isn't needed to the owner next week are there any thoughts or considerations you can think of?
These losses don't seem sustainable, but I don't think they will be closing the business in the near future.
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